Calgary, Alberta - Commenting on the Company's first quarter 2022 results, Tim McKay, President of Canadian Natural (TSX: CNQ) (NYSE: CNQ), stated, "Our world class asset base is one of our key strengths, which is strategically balanced across commodity types so we can capture opportunities throughout the commodity price cycle. This drove total corporate quarterly production of approximately 1,280 MBOE/d in Q1/22, including record natural gas production of over 2.0 Bcf/d, an increase of [Read more]
Pine Cliff Energy Ltd. announces record quarterly results, declaration of monthly dividend, debt repayment and operational update
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces record first quarter financial and operating results, the declaration of a monthly dividend, repayment of debt and an operational update. First Quarter 2022 Highlights Pine Cliff's adjusted funds flow of $32.3 million generated during the first quarter of 2022 was the highest quarterly adjusted funds flow for the Company since inception. Highlights from the first quarter include: [Read more]
Kelt reports financial and operating results for the three months ended March 31, 2022
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the first quarter ended March 31, 2022. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2022 2021 % Petroleum and natural gas sales 138,446 59,835 131 Cash provided by operating [Read more]
Canadian Natural Resources Limited announces quarterly dividend
Calgary, Alberta - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.75 (seventy five cents) per common share. The dividend will be payable on July 5, 2022 to shareholders of record at the close of business on June 17, 2022. Canadian Natural's growing an sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our business model, the [Read more]
Gear Energy Ltd. announces first quarter 2022 operating results, zero net debt, the implementation of a variable dividend plan, the filing of a normal course issuer bid, and an expanded 2022 capital program
Calgary, Alberta - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) is pleased to provide the following first quarter operating update to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended March 31, 2022 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended (Cdn$ thousands, except per share, share and per boe amounts) Mar [Read more]
Obsidian Energy announces first quarter 2022 results
Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report operating and financial results for the first quarter of 2022. Three Months Ended March 31 2022 2021 FINANCIAL1 (millions, except per share amounts) Cash flow from operating activities 83.9 28.4 Basic per share ($/share)2 1.03 0.39 Diluted per share [Read more]
Saturn Oil & Gas Inc. reports record production in Q4 and year end 2021 results
Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and twelve months ended December 31, 2021. "The fourth quarter of 2021 was an important milestone for Saturn as we initiated our first drilling program at our newly acquired Oxbow Asset," commented Justin Kaufmann, Senior Vice President Exploration. "Our inaugural Oxbow drilling program was highlighted with the top performing [Read more]
Suncor Energy responds to Elliott Investment Management
Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) today issued the following statement in response to the letter it received this morning from Elliott Investment Management L.P. ("Elliott"): The Suncor Board and management team have received the letter and materials from Elliott. Suncor appreciates the views of its shareholders and will take the time to carefully assess the recommendations and materials provided, with a view to enhancing shareholder and other stakeholder value. Suncor's Board and [Read more]
WesCan Energy announces loan transaction and operations update
Calgary, Alberta - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is pleased to announce that, further to its previous press release, it has now entered into an agreement for a loan transaction providing for an additional infusion of capital in the amount of $500,000 to further assist with its upcoming drilling program at Provost, Alberta (the "Loan"). The Loan is from a company controlled by a major shareholder of the Company, who is an insider by virtue of owning greater than 10% [Read more]
Suncor Energy to release first quarter 2022 financial results and hold annual general meeting of shareholders
Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) will release its first quarter financial results on May 9, 2022 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the first quarter will be held on May 10, 2022 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Mark Little, president and chief executive officer and Alister Cowan, chief financial officer. A question and answer period with analysts will follow brief remarks from management. Trevor Bell, vice president, Investor [Read more]
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