CALGARY - Highwood Oil Company Ltd. (TSXV:HOCL) ("Highwood" or the "Corporation") announces revisions to the previously announced 2020 capital budget and an update to operations in 2020. 2020 Capital Budget Given the weakness and uncertainty in today's future oil price environment and the advent of the COVID-19 outbreak, Highwood has chosen to cease all non-discretionary capital activity for the balance of 2020 until realized pricing in Western Canada rebounds from these historic lows. … [Read more...]
Keyera Announces April 2020 Dividend
CALGARY - Keyera Corp. (TSX:KEY) ("Keyera") announced today a cash dividend for April 2020 of 16.00 cents per common share. The dividend will be payable on May 15, 2020, to shareholders of record on April 22, 2020. The ex-dividend date is April 21, 2020. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera's dividends are subject to Canadian withholding tax. About Keyera Corp. Keyera Corp. (TSX:KEY) … [Read more...]
Whitecap Resources Inc. Announces Change to Virtual Annual and Special Meeting on April 22, 2020
CALGARY - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) announces that its annual and special meeting of holders of common shares scheduled for Wednesday, April 22, 2020 at 9:00 a.m. (Calgary time) at the Calgary Petroleum Club will be changed to a virtual meeting to be held at the same time and on the same date. As the City of Calgary and the Province of Alberta have declared a state of public health emergency, and to support efforts to combat the spread of COVID-19, Whitecap has made … [Read more...]
Keyera Advances Gathering & Processing Optimization Plan
CALGARY - Keyera Corp. (TSX:KEY) ("Keyera") today announced that it continues to make progress on its gathering and processing optimization plan and plans to suspend operations at four of its gas plants located in west central Alberta. Keyera expects to suspend operations at its Minnehik Buck Lake and West Pembina gas plants in the second half of 2020, followed by the Ricinus and Nordegg River gas plants in 2021. Keyera will utilize its interconnected network of gathering … [Read more...]
Clearview Announces Operations Update and December 31, 2019 Corporate Reserves Information
CALGARY - Clearview Resources Ltd. ("Clearview" or "the Company") is pleased to announce its 2019 year end reserves and an operational update in light of the combined impacts of the Coronavirus pandemic and the collapse in energy commodity pricing due to decreased global oil demand and the OPEC+ oversupply situation. HIGHLIGHTS Proved developed producing ("PDP") reserves decreased by 5% to 5.1 million barrels of oil equivalent ("MMboe"), while the total proved ("1P") and total proved … [Read more...]
The Canadian Association of Petroleum Producers outlines recommendations for economic recovery
CALGARY - The Canadian Association of Petroleum Producers (CAPP) has been working closely with the federal government to identify important areas for urgent action to help Canada's energy sector survive the current economic crisis, and other measures needed to support the country's recovery once the COVID-19 pandemic subsides Through the Government of Canada's designation of the oil and natural gas sector as an essential service, industry workers remain on the front lines to ensure Canadians … [Read more...]
AltaGas Ltd. to Issue First Quarter 2020 Results on April 30, 2020 and to Hold Virtual Annual Meeting of Shareholders on May 1, 2020
CALGARY, April 8, 2020 /CNW/ - AltaGas Ltd. ("AltaGas") (TSX: ALA) will release its 2020 first quarter financial results on Thursday April 30, 2020 before markets open. A conference call and webcast will be held the same day to discuss the financial results and other corporate developments. Time: 8:00 a.m. MT (10:00 a.m. ET) Dial-in: 1-647-427-7450 or toll free at … [Read more...]
Altura Energy Inc. Provides a Corporate Update
CALGARY - Altura Energy Inc. ("Altura", or the "Corporation") (TSXV: ATU) announces a voluntary curtailment of production volumes and a revision to its credit facility. The COVID-19 pandemic and the recent actions of OPEC and Russia abandoning production quotas has resulted in an unprecedented decline in crude oil prices. In response to these events Altura is voluntarily curtailing production volumes in April to its hedged oil production of 300 barrels of oil per day, which is approximately … [Read more...]
Ovintiv restructures crude oil derivatives to provide additional downside protection; company now plans to reduce second quarter 2020 investments by $500 million
DENVER, April 2, 2020 /CNW/ - Ovintiv Inc. (NYSE, TSX: OVV) restructured its crude oil derivatives positions to provide additional downside protection for the balance of 2020. In addition, the Company now plans to further reduce its second quarter investments by an additional $200 million, bringing total capital reductions in the second quarter to $500 million. Updated hedge and sensitivity tables are included within this release. "We have built our Company with tremendous flexibility and … [Read more...]
Keyera to Hold its Annual Meeting of Shareholders in a Virtual Only Format
CALGARY - At Keyera, health and safety are core values. In light of public health concerns regarding COVID-19, Keyera Corp. (TSX:KEY) ("Keyera") announced today that it will hold its 2020 Annual Meeting of Shareholders in a virtual only format on Tuesday, May 12, 2020, at 2:00 p.m. Mountain Time (4:00 p.m. Eastern Time). The meeting will be conducted via a live audio webcast and will provide all shareholders an opportunity to participate regardless of their geographic … [Read more...]
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