CALGARY, Alberta - Reflecting sustained weakness in crude oil prices, Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that its Board of Directors (the “Board”) has declared a dividend of Cdn. $0.015 per common share to be paid on May 15, 2020 to shareholders of record on April 30, 2020, which is reduced from the previous monthly dividend level of Cdn.$0.0525. At the revised dividend level, Freehold’s funds from operations are forecast to exceed dividend outflows for the remainder of 2020 … [Read more...]
Pieridae to Hold Conference Call and Webcast on Fourth-Quarter and Year-End 2019 Results
CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) will release its fourth-quarter and year-end 2019 results on Thursday, April 16, 2020 prior to markets opening. Chief Executive Officer Alfred Sorensen, Chief Financial Officer Rob Dargewitcz and other members of the Pieridae leadership team will discuss the financial results and Company developments at 9:30 a.m. (MDT) / 11:30 a.m. (EDT). Members of the investment community, shareholders and other … [Read more...]
Petrus Resources announces second quarter capital budget, executive appointment and annual general meeting update
CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces its second quarter 2020 capital budget. With the current volatility in the price of Canadian light oil and natural gas, the Company believes that it is prudent to maintain a disciplined capital budget that is flexible from an operational and financial perspective. Petrus’ Board of Directors has approved a second quarter 2020 capital budget of $0.5 million, which provides for non-discretionary maintenance … [Read more...]
Transglobe Energy Corporation announces an update to its 2020 hedge program
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe” or the “Company”) announces an update to its oil hedge position for 2020. All dollar values are expressed in US dollars unless otherwise stated. HEDGING … [Read more...]
Suncor Energy announces $1.25 billion medium term note offering
All financial figures are in Canadian dollars CALGARY, Alberta - Suncor announced today that it will issue $1.25 billion of senior unsecured Series 7 Medium Term Notes due on April 9, 2030 (the “Notes”). The Notes will have a coupon of 5.00% and have been priced at $99.697 per $100 of Notes to yield 5.039%. The offering is expected to close on April 9, 2020, subject to customary closing conditions. Suncor intends to use the net proceeds from the sale of the Notes to repay short-term … [Read more...]
Prairiesky announces conference call for Q1 2020 results
CALGARY, Alberta, April 07, 2020 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) will release its Q1 2020 results on Monday, April 20, 2020 after markets close. The news release detailing PrairieSky’s Q1 2020 results will provide operating and financial information. Financial statements and management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR at www.sedar.com. A conference call to discuss the … [Read more...]
Return Energy inc. announces year-end 2019 financial results and reserves
CALGARY, Alberta, April 07, 2020 (GLOBE NEWSWIRE) -- Return Energy Inc. (“Return” or the “Company”) (RTN: TSXV) is pleased to provide a summary of its financial and operational results for the three months and year ended December 31, 2019. Selected financial and operational information is outlined below and should be read with Return’s audited consolidated financial statements (“Financial Statements”) and management’s discussion and analysis (“MD&A”) as of December 31, 2019, which are … [Read more...]
Enerflex to Announce First Quarter 2020 Results on May 7, 2020
CALGARY, Alberta - Enerflex Ltd. (TSX:EFX) (“Enerflex” or the “Company”), a leading supplier of products and services to the global energy industry, will release its first quarter 2020 financial results on May 7, 2020. These results will be available on the Enerflex website at www.enerflex.com. Analysts, investors, members of the media, and other interested parties are invited to participate in a teleconference and audio webcast on Friday, May 8, 2020 at 8:00 a.m. MDT to discuss the first … [Read more...]
Athabasca Oil Corporation takes further actions in response to the current environment
CALGARY - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is taking further immediate actions in response to the significant decline in global oil prices to bolster balance sheet strength and corporate resiliency. Shut-in of Hangingstone Asset Due to the significant decline in oil prices combined with the economic uncertainty associated to the ongoing COVID crisis, Athabasca has decided to suspend the Hangingstone SAGD operation. This suspension was initiated on April 2, … [Read more...]
Cenovus Energy provides corporate update
CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is implementing additional measures to enhance its financial resilience in response to the low global oil price environment that is expected to continue for an unknown period. The company’s financial framework and flexible business plan provide it with multiple options to prudently manage its balance sheet. Cenovus has decided to reduce its planned 2020 capital spending by an additional $150 million which, combined with the $450 … [Read more...]
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