Calgary, Alberta--(Newsfile Corp. - August 22, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey", or the "Company") announces today that it has received approval from the Toronto Stock Exchange (the "TSX") to undertake a renewal of its normal course issuer bid (the "Bid") to purchase up to 3,400,000 common shares, representing approximately 7.5% of the public float of Journey's common shares as of August 15, 2025. Purchases under the Bid will be made through the facilities of the [Read more]
News
Surging US LNG exports to fuel growth in shale gas production
U.S. liquefied natural gas exports will soar by roughly 10% a year through 2030 as energy firms double their LNG production capacity, according to analysts, providing a shot in the arm to the country's maturing shale industry which has seen growth slow and costs rise. The U.S. is the world's largest oil and natural gas producer, but many of its best drilling locations have been tapped. While oil production is expected to plateau or fall in coming months, gas remains a bright spot for the [Read more]
ATCO Energy Systems achieves major milestone on Yellowhead Pipeline Project with approval of key regulatory filing
Alberta Utilities Commission grants approval of the Need Assessment Application for Yellowhead Pipeline Project The project is expected to create 2,000 direct jobs and supports an average of 12,000 jobs annually through related downstream investments. Once operational, the downstream investments are estimated to contribute $3.9 billion* annually to Alberta's GDP. Validates need for new infrastructure to support demand from Alberta's growing industry and population CALGARY, AB, Aug. 22, [Read more]
Cenovus signs cash-and-stock deal to buy MEG Energy
CALGARY - Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in June that the company urged shareholders to reject. MEG chairman James McFarland says the Cenovus deal represents the best strategic alternative for the company. Under the agreement, MEG shareholders can receive $27.25 in cash or 1.325 Cenovus common shares for [Read more]
Cenovus announces agreement to acquire MEG Energy
CALGARY, Alberta, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire MEG Energy Corp. (TSX: MEG) (“MEG”) in a cash and stock transaction valued at $7.9 billion, inclusive of assumed debt. Under the terms of the agreement, Cenovus will acquire all of the issued and outstanding common shares of MEG for $27.25 per share, which will be paid 75% in cash and 25% in Cenovus common shares. [Read more]
MEG Energy Enters into Agreement to be Acquired by Cenovus
$27.25 per share Purchase Price, payable 75% in cash and 25% in Cenovus shares, represents a 33% premium to MEG's unaffected 20-day volume-weighted share price as of May 15, 2025 Cash and highly liquid share consideration provides MEG Shareholders with near-term value certainty Upside participation in an industry-leading producer with significant scale and growth potential Accelerates and de-risks realization of value from MEG's standalone plan Unanimously approved by [Read more]
Private Chinese firm producing oil in Venezuela under rare 20-year pact, source says
China Concord Resources Corp has begun developing two Venezuelan oilfields, planning to invest more than $1 billion in a project to produce 60,000 barrels per day of crude oil by end-2026, an executive directly involved in the project said. The project marks a rare investment by a private Chinese firm in the OPEC country, which has struggled to attract foreign capital due to international sanctions on the administration of President Nicolas Maduro. The investment figure and the production [Read more]
Oil prices set to snap two-week losing streak as peace in Ukraine remains elusive
Oil prices were little changed on Friday as hope for immediate peace between Russia and Ukraine dimmed, increasing the risk premium demanded by oil sellers and putting prices on track to snap a two-week losing streak. Brent crude futures were down 12 cents at $67.55 a barrel as of 0415 GMT, while West Texas Intermediate (WTI) crude futures fell 10 cents to $63.42. Both contracts climbed more than 1% in the prior session. Brent has risen 2.7% this week, while the WTI has gained [Read more]
Tidewater Midstream and Infrastructure Ltd. announces effective date of share consolidation
CALGARY, AB, Aug. 21, 2025 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) announces that, further to the special resolution approved by the Corporation's shareholders at the annual general and special meeting held on May 27, 2025, the board of directors of the Corporation has determined to implement the consolidation of the Corporation's common shares (the "Common Shares") on the basis of one (1) post-consolidation Common Share for every twenty [Read more]
JPMorgan hires two investment bankers to bolster services to energy companies
JPMorgan Chase has hired two bankers to boost its investment banking capabilities for energy companies, including one which will help the bank focus on coverage of middle-market clients in the sector, per a memo seen by Reuters. The bank is creating a new vertical within its mid-cap investment banking unit to cover natural resources, with Matt Barrett joining to support and build relationships with companies providing services and equipment in the energy space, the memo said. Brad Epstein [Read more]
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