Large-scale carbon capture and sequestration (CCS), and blue power production at Pieridae’s Caroline, Alberta facility Advances Pieridae’s long term ESG strategy and supports the company’s commitment of net-zero emissions by 2050 for its Goldboro LNG Project Sequesters up to 100 million tonnes of CO2 over three-plus decades Removes equivalent emissions of more than 650,000 cars each year1 Produces 1.9 billion kilowatt-hours of blue power2 and sequesters one million tonnes of CO2 [Read more]
Suncor Energy’s updated corporate strategy increases shareholder returns and accelerates reductions in GHG emissions with an objective to be net-zero by 2050
CALGARY, Alberta - In alignment with its Purpose to provide trusted energy that enhances people’s lives while caring for each other and the earth, Suncor today will share its updated strategy focused on increasing shareholder returns and accelerating its progress in reducing GHG emissions with an objective to be net-zero by 2050. The strategy is underpinned by Suncor’s principles of operational excellence and capital discipline. Suncor will focus its planned $5 billion annual capital spend [Read more]
Distinction Energy Corp. files first quarter 2021 results
CALGARY, Alberta - Distinction Energy Corp. (“Distinction” or the “Company”) announces that it has filed its first quarter financial statements and related management’s discussion and analysis for the three months ended March 31, 2021 with the Canadian securities regulatory authorities on SEDAR. About Distinction Energy Corp. Distinction is an oil and natural gas company based in Calgary, Alberta, focused on the exploration, development, and production of crude oil, natural gas and natural [Read more]
Crew Energy Inc. announces annual meeting results for election of directors
CALGARY, Alberta - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") today announces the voting results for the election of directors at its annual general and special meeting of shareholders held on May 20, 2021 (the "Meeting"). Each of the six nominees proposed by Crew and as set forth in the Information Circular – Proxy Statement provided to shareholders in connection with the Meeting were elected as directors, with common shares represented at the Meeting voting in favour of individual [Read more]
PrairieSky Receives TSX approval for renewed normal course issuer bid
CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of PrairieSky's intention to commence a normal course issuer bid (the "NCIB"). PrairieSky previously purchased an aggregate of 9,934,091 common shares at a weighted average price per share of $9.58 under a normal course issuer bid that ran between May 19, 2020 and May 18, 2021. On April 19, 2021, PrairieSky announced [Read more]
Suncor Energy to hold investor day
CALGARY, Alberta - Suncor will host an Investor Day online at 8 a.m. MT (10 a.m. ET) on May 26, 2021. During the presentation, Suncor will share its medium-term corporate outlook, provide an update on the progress to date of its $2B of free funds flow generation as well as discuss other strategic objectives. Participants will need access to the internet for the full duration of the meeting. The event will consist of a two-hour presentation, followed by a one-hour question and answer [Read more]
Cenovus sells Marten Hills royalty interest for more than $100 million
CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has sold its gross overriding royalty (GORR) in the Marten Hills area of Alberta to Topaz Energy Corp. for gross cash proceeds of $102 million. The sale successfully closed today with a May 1, 2021 effective date. Cenovus will use the sale proceeds to reduce net debt, consistent with its commitment to use non-core asset sales to accelerate deleveraging to achieve the company’s interim net debt target of $10 billion. “This [Read more]
Birchcliff Energy Ltd. announces voting results from 2021 annual meeting of shareholders
CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that at its Annual Meeting of Shareholders held on May 13, 2021 (the “Meeting”), shareholders elected all five of the proposed nominees listed in Birchcliff’s information circular dated March 24, 2021 (the “Information Circular”). In addition, shareholders approved all other matters voted upon at the Meeting. The matters voted upon at the Meeting were discussed in detail in the Information Circular, a [Read more]
Cardinal Energy Ltd. announces first quarter 2021 financial results and increased 2021 budget
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operating and financial results for the first quarter ended March 31, 2021. Selected financial and operating information is shown below and should be read in conjunction with Cardinal's unaudited condensed interim financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2021 which are available at www.sedar.com and on our website at [Read more]
Peyto Exploration & Development Corp. announces results of directors vote
CALGARY, Alberta - Peyto Exploration & Development Corp. (TSX – PEY) ("Peyto") is pleased to announce that the nominees listed in the information circular – proxy statement dated March 30, 2021 were elected as directors of Peyto at Peyto's annual meeting of shareholders (the "Meeting") held today, May 13, 2021. The detailed results of the vote for the election of directors held at the Meeting are set out below. Election of Directors On a vote by ballot, each of the following seven [Read more]
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