All financial figures are in Canadian dollars. CALGARY, Alberta, July 28, 2021 (GLOBE NEWSWIRE) -- Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.21 per share on its common shares, payable September 24, 2021 to shareholders of record at the close of business on September 3, 2021. Suncor Energy is Canada's leading integrated energy company, with a global team of over 30,000 people. Suncor's operations include oil sands development, production and upgrading, [Read more]
Cardinal Energy Ltd. announces second quarter 2021 financial results
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operating and financial results for the second quarter ended June 30, 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 and six month periods ended June 30, 2021 which are available at www.sedar.com and on our [Read more]
Baytex releases 2020 ESG report and appoints Chief Operating and Sustainability Officer
CALGARY, Alberta- Baytex Energy Corp. (TSX: BTE) today released its 2020 Environment, Social and Governance (“ESG”) Report, which demonstrates our commitment to transparency and accountability, and shows our progress in managing the environmental and social impacts of our business. The report is available on the Baytex website at www.baytexenergy.com. “We are proud to share Baytex’s fifth biennial ESG report, formerly called our Corporate Sustainability Report. While the name has changed, we [Read more]
Spartan Delta Corp. announces strategic Montney acquisition, $150 million equity financing, $450 million credit facility and $150 million term facility
CALGARY, Alberta - Spartan Delta Corp. ("Spartan" or the "Company") (TSXV:SDE) is pleased to announce that it has entered into a definitive agreement (the "Agreement") to acquire Velvet Energy Ltd. ("Velvet"), a privately held light-oil Montney producer with operations primarily in the Gold Creek, Karr and Pouce Coupe areas of north-west Alberta (the "Velvet Assets") for total consideration of approximately $743.3 million(1) (the "Acquisition"). The Acquisition will be funded by a combination [Read more]
Baytex announces second quarter 2021 financial and operating results, free cash flow of $112 million and repurchase of long-term notes
CALGARY, Alberta - Baytex Energy Corp. ("Baytex")(TSX: BTE) reports its operating and financial results for the three and six months ended June 30, 2021 (all amounts are in Canadian dollars unless otherwise noted). "During the second quarter, we delivered strong operating results and substantial free cash flow. Our free cash flow profile continues to improve resulting in accelerated debt reduction. We are taking proactive measures to reduce our net debt with the repurchase and cancellation of [Read more]
Pieridae Energy Limited announces initiation of strategic review process
Appoints Interim Chief Financial Officer CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced the Company has initiated a formal process to identify, examine and consider a range of strategic alternatives with a view to enhancing shareholder value. Such strategic alternatives may include, but are not limited to, a corporate sale, merger, a sale of a material portion of Pieridae’s assets or other transactions. Pieridae is also pleased to announce [Read more]
NuVista Energy Ltd. announces closing of $230 million private placement of senior unsecured notes
CALGARY, Alberta- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) announced today that it has completed its previously announced private placement of $230 million aggregate principal amount of 7.875% senior unsecured notes due July 23, 2026 (the "Notes"). The Notes were offered through a syndicate of underwriters led by CIBC Capital Markets and RBC Capital Markets, as joint book runners, Scotiabank, as co-lead manager, and ATB Capital Markets, BMO Capital Markets and Peters & [Read more]
Cenovus to buy renewable power from Cold Lake First Nations, Elemental Energy partnership
CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has entered into a power purchase agreement (PPA) to buy solar-power produced electricity and the associated emissions offsets from a partnership between Cold Lake First Nations (CLFN) and Elemental Energy Inc., helping Cenovus advance two of its environmental, social & governance (ESG) focus areas by addressing climate & greenhouse gas (GHG) emissions as well as further supporting Indigenous reconciliation through economic [Read more]
PrairieSky announces 2021 second quarter results, Clearwater Royalty acquisition and 38% dividend increase
CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its second quarter ("Q2 2021") operating and financial results for the period ended June 30, 2021, $155.0 million Clearwater royalty acquisition and a 38% dividend increase. Clearwater Royalty Acquisition and Dividend Increase PrairieSky has acquired a 5% gross overriding royalty on over 76,000 acres of Clearwater lands in the core Marten Hills area. The acquisition provides [Read more]
Cardinal Energy Ltd. announces closing of acquisition
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce it has successfully closed the previously announced acquisition of Venturion Oil Limited ("Venturion"). Consideration consisted of the issuance of 6.3 million Cardinal common shares and approximately $27.5 million of cash, subject to certain holdbacks. Peters and Co. Limited acted as strategic advisor to Cardinal with respect to the acquisition. Concurrently, the Company closed the $12.5 [Read more]