The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures was steady on Thursday. WCS for March delivery in Hardisty, Alberta, settled at $15.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, steady on Wednesday's close. * The last time the discount on Canadian heavy crude consistently traded this low was prior to the opening of the Trans Mountain pipeline expansion in the spring of 2024, said Enverus analyst Michael [Read more]
News
Advantage Announces Operations Update, Conclusion of Strategic Review and 2025 Reserves
(TSX: AAV) CALGARY, AB, Feb. 12, 2026 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to provide a corporate update and announce its 2025 reserves. Operations and Commercial Update Net capital expenditures(a) were $287.7 million for Advantage(b) during the year ended December 31, 2025. Production for the fourth quarter of 2025 averaged 79,823 boe/d (408.3 mmcf/d natural gas, 7,372 bbls/d crude oil, 938 bbls/d condensate and 3,462 bbls/d NGLs), [Read more]
Whitecap Resources Inc. confirms monthly dividend for February of $0.0608 per share and announces fourth quarter and year end 2025 results conference call / webcast
CALGARY, AB, Feb. 12, 2026 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of February operations will be paid on March 16, 2026 to shareholders of record on February 28, 2026. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). In addition, Whitecap announces that it intends to release its fourth quarter and year end 2025 results after market close on Monday, [Read more]
Indigenous communities acquire stakes in 5,000 km of pipelines, expand LNG role, regulator says
Indigenous communities in Canada are increasing their ownership stakes in major energy infrastructure projects, including pipelines and liquefied natural gas (LNG) facilities, according to a report from the Canada Energy Regulator (CER). Since 2021, Indigenous communities have acquired interests in more than 5,000 kilometres of operating oil and natural gas pipelines, the CER said. Ownership could expand further if the federal government advances plans to increase Indigenous participation in [Read more]
Cenovus to hold fourth-quarter and full-year 2025 conference call and webcast on February 19
CALGARY, Alberta, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its fourth-quarter and full-year 2025 results on Thursday, February 19, 2026. The news release will provide consolidated fourth-quarter and full-year operating and financial information. The company’s financial statements will be available on Cenovus’s website, cenovus.com. Fourth-quarter and full-year 2025 conference call: 9 a.m. MT (11 a.m. ET) For analysts wanting to join the call, [Read more]
Freehold Royalties Declares Dividend for February 2026
CALGARY, Alberta, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on March 16, 2026 to shareholders of record on February 27, 2026. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada [Read more]
Venezuela to grant more oil drilling blocks to Chevron, Repsol, Bloomberg News reports
Venezuela plans to grant more oil-production land to Chevron and Spain's Repsol SA, Bloomberg News reported on Thursday citing people familiar with the matter. Officials in Caracas are poised to award the exploration and production blocks as soon as this week, the report added. Chevron and Repsol did not immediately respond to Reuters' requests for comments. Last month, U.S. President Donald Trump said major U.S. companies would invest billions of dollars in Venezuela to quickly rebuild [Read more]
Precision Drilling shares fall after decommissioning charge drags it to a Q4 loss
CALGARY - Shares in Precision Drilling Corp. are down after it reported a fourth-quarter loss. The Calgary-based oil and gas driller says its net loss attributable to shareholders was $41.9 million for the three months ended Dec. 31, or $3.23 per share. During the same period a year earlier, Precision posted a $14.8 million profit worth $1.06 per share. Precision says it took a $67-million non-cash asset charge related to decommissioning 31 of its 215 marketable drilling rigs that were [Read more]
Archer Exploration Corp.: Property Divestiture
Archer Exploration Corp. (“Archer” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of certain of its oil and natural gas properties located in the Canal, Clear Hills, Rainbow Lake, Utikuma, Valhalla, Wapiti and Wembley areas of Alberta (the “Properties”). Average daily sales production net to Archer from the Properties for the year ended December 31, 2025 was approximately 760 boe/d, consisting of 495 barrels of oil and natural gas liquids per day and 1.6 [Read more]
Alberta separatists step up efforts to leave Canada after meeting with Trump officials
Separatists in Alberta are ramping up a petition campaign aimed at triggering an independence vote in the western province that has long complained its economy is being held back by the rest of Canada. Volunteer canvassers are hoping to collect by May 2 approximately 177,000 signatures, or 10% of the province's registered voters, the threshold required to launch a citizen-led referendum on separation from Canada. While unlikely to result in an independent Alberta, the campaign poses a challenge [Read more]
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