CALGARY, Alberta, July 30, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces second quarter results for the period ended June 30, 2025. Second Quarter Highlights $78 million in revenue; $57 million in funds from operations ($0.35/share) (1)(2); $44 million in dividends paid ($0.27/share)(3); 11,047 bbls/d of total crude oil and natural gas liquids (NGLs) production, a 4% increase from the previous quarter and a 13% increase [Read more]
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US hits Iranian shipping network with major new sanctions
The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its "maximum pressure" campaign after bombing Tehran's key nuclear sites in June. The sanctions broadly target the shipping interests of Mohammad Hossein Shamkhani, the son of Ali Shamkhani, who is himself an adviser to Supreme Leader Ayatollah Ali Khamenei. The U.S. Treasury described the move as the most [Read more]
Canada’s Trans Mountain eyes open season later this year for pipeline capacity growth
The operator of Canada's Trans Mountain oil pipeline may launch a process this year to formally gauge commercial interest in the first of a series of potential projects to increase the system's capacity, CEO Mark Maki said on Wednesday. The process, known as an "open season," would determine whether there is enough shipper interest to go ahead with introducing chemical additives that reduce pipeline friction, allowing for increased flows. Maki said adding these drag-reducing agents could [Read more]
The 2 Tamarack Valley wells that everyone is talking about as the stock hits multi-year highs – StackDX Intel
Tamarack Valley released its Q2 results this morning, and the stock has responded well, currently up ~3% and at multi-year highs. Click here to see the full company press release. Figure 1 Chart courtesy of StockCharts.com Of particular note were the comments around the Clearwater waterflood. The company has seen some excellent results. From the press release: Clearwater production increased by 16% YoY to average 46,486 boe/d(11) (91% oil & liquids) in Q2/25, reflecting [Read more]
Chevron granted restricted US license to operate in Venezuela, sources say
Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision said on Wednesday, adding that no money from oil proceeds can be transferred in any way to the administration of Venezuelan President Nicolas Maduro. Last week, Reuters reported that the U.S. was preparing to grant new authorizations to key partners of Venezuela's state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the OPEC nation and swap [Read more]
US crude, distillate inventories rise, gasoline draw down, EIA says
(Updates to include price reaction, adds background on refinery data) U.S. crude oil and distillate inventories rose last week, while gasoline stockpiles fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 7.7 million barrels to 426.7 million barrels in the week ending July 25, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 690,000 barrels, [Read more]
Parex Resources Announces Second Quarter Results, Declaration of Q3 2025 Dividend, and Operational Update
CALGARY, Alberta, July 30, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period ended June 30, 2025, the declaration of its Q3 2025 regular dividend of C$0.385 per share, as well as an operational update. All amounts herein are in United States Dollars (“USD”) unless otherwise stated. “Our resilient business model, reinforced by favourable crude differentials and a continued [Read more]
Paramount Resources raises 2025 sales guidance after Alhambra start-up
Overview * Paramount Q2 sales volumes averaged 31,631 Boe/d, 46% liquids * Company revises 2025 sales volumes guidance upwards due to early Alhambra Plant start-up * Free cash flow was negative C$86 mln, but company maintains strong cash position Outlook * Paramount revises 2025 sales volumes to 38,500-42,500 Boe/d * Company expects Q4 sales volumes of 42,000-45,000 Boe/d * Paramount anticipates 2025 exit rate over 45,000 Boe/d * Capital expenditure guidance unchanged at [Read more]
Weaker dollar and higher oil to trouble the Fed
The dollar has dropped steeply this year which effectively eases monetary policy while oil has jumped in advance of Wednesday's monetary policy decision. The threat of more sanctions on Russia is adding to the uncertainty stemming from the trade war and the conflict in Ukraine that U.S. President Donald Trump hopes to resolve. Economists sometimes estimate that a 10% decline in the dollar can have an effect similar to a 0.5 to 1.5 percentage point (50–150 basis points) cut in the Federal [Read more]
Canada’s Tamarack Valley Energy posts higher Q2 production
Overview * Tamarack Q2 production hits record 70,260 boe/d, up 19% YoY * Adjusted funds flow per share at C$0.39, free funds flow at C$0.26 * Co completes C$51.5 mln acquisition, boosting Clearwater production Outlook * Tamarack raises 2025 production guidance by 3% to 67,000-69,000 boe/d * Company reduces 2025 capital spending guidance by 7% * Net production expense guidance lowered by 5% for 2025 * Interest expense guidance cut by 6% for 2025 Result Drivers * [Read more]
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