Deadline for MEG Shareholders to deposit their proxies to vote on the Cenovus Transaction extended to Wednesday, November 5, 2025 at 9:00 a.m. (Calgary Time) As of today's date, of those MEG Shares represented by proxy or expected to be voted in person at the Meeting, 86% of all such MEG Shares, and 83% of all such MEG Shares, excluding the MEG Shares held by Strathcona, were FOR the Cenovus Transaction Deadline for MEG Shareholders to make an election with respect to their preferred [Read more]
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MEG Energy adjourns shareholder vote on Cenovus offer citing regulatory inquiry
The board of Canadian oil sands company MEG Energy adjourned its expected shareholder vote Thursday on a buyout by Cenovus Energy, saying a regulatory inquiry has prompted the need to disclose additional information. The vote on the sale, which would have ended a months-long bidding saga for what is Canada's last pure-play oil sands producer, will take place on November 6 instead, MEG's board chair James McFarland said. The adjournment is being made with Cenovus' consent, he said, and will [Read more]
Oil heads for third monthly decline as strong dollar, ample supply weigh
Oil prices eased on Friday, heading for a third straight monthly decline, as a stronger dollar capped commodities gains while rising supply from major producers globally offset the impact of Western sanctions on Russian exports. Brent crude futures slipped 33 cents, or 0.51%, to $64.67 a barrel by 0027 GMT, while U.S. West Texas Intermediate crude was at $60.22 a barrel, down 35 cents, or 0.58%. "A stronger USD weighed on investor appetite across the commodities complex," ANZ analysts said [Read more]
MEG Energy adjourns to Nov 6 shareholder meeting to vote on Cenovus deal
MEG Energy's board of directors has adjourned a shareholders' meeting to vote on a buyout by Cenovus Energy to November 6, its chairman said on Thursday. The adjournment, which has Cenovus' consent, will allow time to disclose information on a previously announced asset transfer between Strathcona and Cenovus, board chair James McFarland said in a broadcast on Thursday evening. (Reporting by Chris Thomas in Mexico City; Editing by Rashmi Aich) [Read more]
Canada’s heavy oil finds new fans as global demand rises
Analyst says WCS price boost reflects global shortage By Will Gibson on October 30, 2025, 12:31 pm MDT Worker at an oil sands SAGD well pad in northern Alberta. Photo courtesy Strathcona Resources Once priced at a steep discount to its lighter, sweeter counterparts, Canadian oil has earned growing admiration—and market share—among new customers in Asia.Canada’s oil exports are primarily “heavy” oil from the Alberta oil sands, compared to oil from more conventional “light” plays [Read more]
Gran Tierra Energy Inc. Reports Third Quarter 2025 Results and Announces Further Exploration Success in Ecuador
Gran Tierra Secures $200 Million Prepayment Facility Highlighting Strength of Portfolio Increase and Extension of Canadian Credit Facility Three Major Ecuador Discoveries Add to the Existing Success in Country Colombia’s Southern Putumayo Cohembi Field Achieves Highest Production in a Decade CALGARY, Alberta, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE: GTE) announced the Company’s financial [Read more]
Petrus Resources Announces Monthly Activity Update
CALGARY, Alberta, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT: Ken [Read more]
Baytex Delivers Solid Third Quarter 2025 Results with Record Pembina Duvernay Production and Strong Free Cash Flow
Calgary, Alberta--(Newsfile Corp. - October 30, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") reports its operating and financial results for the three and nine months ended September 30, 2025 (all amounts are in Canadian dollars unless otherwise noted). "Baytex delivered solid third-quarter results highlighted by record production in the Pembina Duvernay, strong free cash flow generation, and further progress on debt reduction," said Eric T. Greager, [Read more]
Baytex Announces Quarterly Dividend for January 2026
Calgary, Alberta--(Newsfile Corp. - October 30, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on January 2, 2026 to shareholders of record on December 15, 2025. The U.S. dollar equivalent amount is approximately US$0.0161 per share assuming a foreign exchange rate of 1.40 CAD/US. Payments to shareholders who are not residents of Canada will be net of [Read more]
US Army Corps approves Enbridge’s Line 5 reroute in Wisconsin
The U.S. Army Corps of Engineers has granted approval to Canadian company Enbridge for its plan to reroute a section of its Line 5 oil pipeline around a Wisconsin tribal reservation. The Army Corps, a federal engineering service, issued a permit Wednesday for Enbridge to build a new 41-mile segment of pipeline around the Bad River Reservation, to replace an existing section that currently crosses tribal territory. The Bad River Band filed a lawsuit in 2019 aimed at getting the pipeline off [Read more]
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