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Strike Group Announces Successful Management Buyout (MBO) from TriWest Capital Partners

FOR IMMEDIATE RELEASE  Calgary, AB – October 24, 2025 – Strike Group Inc. (“Strike”) is pleased to announce the successful completion of a management buyout (“MBO”) from TriWest Capital Partners Fund IV and Fund V (“TriWest”), effective October 24, 2025. This milestone marks the beginning of a new chapter in Strike’s continued growth as a leading provider of construction and maintenance services to the energy, mining, and industrial sectors across Western Canada. Stephen Smith, Chief [Read more]

Parkland Reports 2025 Third Quarter Results and Provides Update on the Sunoco Transaction

Strong third quarter Adjusted EBITDA1 of $540 million On track to deliver midpoint of 2025 Adjusted EBITDA Guidance2 of $1.8 to $2.1 billion Sunoco Transaction3 expected to close on October 31, 2025 CALGARY, AB, Oct. 27, 2025 /PRNewswire/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI), today announced its financial and operating results for the three and nine months ended September 30, 2025.   "Parkland delivered another strong quarter, [Read more]

Cenovus announces amendment to agreement with MEG Energy and voting support agreement with Strathcona Resources Ltd.

CALGARY, Alberta, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a second amending agreement in respect of the arrangement agreement dated August 21, 2025 (as amended, the “Agreement”) to acquire MEG Energy Corp. (TSX: MEG) (“MEG”). Under the terms of the Agreement, each MEG shareholder will now have the option to elect to receive, for each MEG common share, (i) $30.00 in cash; or (ii) 1.255 Cenovus common shares, subject [Read more]

Strathcona Resources Ltd. Announces Voting Support Agreement for Cenovus Energy Inc.’s Acquisition of MEG Energy Corp. and Agreement to Purchase Vawn Thermal Project and Certain Undeveloped Thermal Lands from Cenovus

CALGARY, AB, Oct. 27, 2025 /CNW/ - Strathcona Resources Ltd. ("Strathcona") today announced it has entered into a voting support agreement (the "Voting Support Agreement") with Cenovus Energy Inc. ("Cenovus") concurrently with Cenovus entering into an amendment agreement with MEG Energy Corp. ("MEG") to increase the consideration offered by Cenovus to holders of common shares of MEG under the arrangement agreement dated August 21, 2025, as amended, to $30.00 in cash or 1.255 Cenovus common [Read more]

MEG Announces Further Improvement to Cenovus Transaction

Improved Transaction Consideration of $30.00 per MEG Share Improved Transaction Consideration payable 50% in cash and 50% in highly liquid Cenovus Shares The MEG Board recommends MEG Shareholders vote FOR the Improved Cenovus Transaction The Meeting date remains unchanged and the Meeting will occur on Thursday, October 30, 2025 at 9:00 a.m. (Calgary Time) For questions or assistance with voting or making elections, contact Sodali & Co., 1.888.999.2785 or [Read more]

Iraq in talks about OPEC quota, with exports at 3.6 mln bpd, oil minister says

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Iraq is in negotiations over the size of its OPEC quota within its available capacity of 5.5 million barrels per day, oil minister Hayan Abdel-Ghani said at an oil conference on Monday. The country, OPEC's biggest overproducer, submitted plans in April to make further oil output cuts to compensate for pumping above agreed quotas. Abdel-Ghani said that Iraq has been committed to its current OPEC quota of 4.4 million bpd despite having a bigger production capacity, with total oil exports [Read more]

China drives global underground gas storage growth, International Gas Union says

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China led global underground gas storage expansion in 2025, adding 6 billion cubic metres (bcm) in working gas volume to boost its total capacity to 19.8 bcm, the International Gas Union (IGU) said in a report released on Monday. This helped lift global underground gas storage capacity to 424 bcm, up 10 bcm from 2022, with China - contributing the single largest gain - in sixth place behind leader United States with 138 bcm then Russia, Ukraine, Canada and Germany. Working gas volume [Read more]

Oil prices rise after US and China reach trade-deal framework

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Oil prices rose in early trade on Monday after U.S. and Chinese economic officials sketched out a trade-deal framework, easing fears that tariffs and export curbs between the world's top two oil consumers could dent global economic growth. Brent crude futures rose 46 cents, or 0.7%, to $66.40 a barrel by 0027 GMT. U.S. West Texas Intermediate crude futures rose 46 cents, or 0.75%, to $61.96, after rising 8.9% and 7.7%, respectively, in the previous week on U.S. and EU sanctions on [Read more]

Will US sanctions on Russian oil work? It depends on how success is measured: Russell

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A common view in the crude oil market is that Western sanctions against Russia's exports are fairly pointless as the market quickly devises ways to keep cargoes flowing. This means that any new measures imposed only result in a fleeting boost to prices, which fades in the face of the reality of virtually uninterrupted flows. The same dynamic may be at play with U.S. President Donald Trump's latest sanctions, announced last week, which targeted Russia's two largest oil companies, Lukoil and [Read more]