Calgary, Alberta--(Newsfile Corp. - July 14, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our July dividend of $0.06 per common share will be paid on August 15, 2025 to shareholders of record on July 31, 2025. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a Canadian oil and natural gas company [Read more]
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Canada’s PrairieSky reports 8% y/y jump in Q2 oil royalty production
Overview * PrairieSky Q2 oil royalty production rises 8% yr/yr, setting a record high * Funds from operations fell 9% yr/yr due to lower US$ WTI pricing * Company repurchased 84,020 shares Outlook * Company expects royalty production from Duvernay wells in West Shale Basin in Q3 * PrairieSky anticipates continued annual oil royalty production growth * Company expands credit facility to C$600 mln for increased liquidity * PrairieSky sees sustained third-party drilling [Read more]
PrairieSky Announces Second Quarter 2025 Results
CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its second quarter operating and financial results for the period ended June 30, 2025. Second Quarter Highlights: Record oil royalty production of 14,376 barrels per day, an 8% increase over Q2 2024(1). Total royalty production averaged 26,457 BOE per day, a 4% increase over Q2 2024. Revenues totaled $123.6 million for Q2 2025(1) comprised of [Read more]
US natgas prices jump 5% to 1-week high on hotter weather forecasts, rising LNG exports
U.S. natural gas futures jumped about 5% to a one-week high on Monday on forecasts for hotter weather over the next two weeks than previously expected and rising flows of gas to liquefied natural gas (LNG) export plants. Front-month gas futures for August delivery on the New York Mercantile Exchange rose 15.2 cents, or 4.6%, to settle at $3.466 per million British thermal units, their highest close since July 2. That price increase occurred despite rising output and forecasts for lower demand [Read more]
US delays rule on Gulf of Mexico whale protections by two years
The National Marine Fisheries Service will delay a final rule designating protections for the endangered Rice's whale in the oil and gas drilling region of the Gulf of Mexico by two years, according to an agreement with environmental groups filed in a federal court. The agreement with the Natural Resources Defense Council gives NMFS, a division of the Department of Commerce, until July 15, 2027, to finalize the geographic area considered to be critical for the species' survival. The agreement [Read more]
Venture Global begins producing LNG from Phase 2 of Plaquemines plant, sources say
Venture Global has started producing liquefied natural gas from Phase 2 of its Plaquemines export facility in Louisiana, according to two people familiar with its operations as well as LSEG ship tracking data and federal filings. In the last six months, the United States' second-largest LNG producer has exported LNG from Phase 1 of its Louisiana facility, and has now begun producing the superchilled gas from Phase 2, allowing it to sell the LNG at higher spot market prices for the next two [Read more]
Goldman Sachs raises Brent second-half 2025 price forecast by $5 to $66 a barrel
Goldman Sachs on Monday raised its Brent oil price forecast for the second half of 2025 by $5 to $66 per barrel due to supply disruption risks, lower stocks in Organisation for Economic Co-operation and Development countries and rising concerns about Russia's production constraints. The bank also increased its forecast for U.S. West Texas Intermediate (WTI) crude for the second half of 2025 by $6 to $63 a barrel, while keeping its 2026 outlook unchanged for Brent and WTI at $56 and $52, [Read more]
Keyera ‘Canadianizes’ natural gas liquids with $5.15 billion acquisition
Cross-Canada NGL corridor will stretch from B.C. to Ontario By Will Gibson on July 10, 2025, 11:31 am MDT Keyera Corp.'s natural gas liquids facilities in Fort Saskatchewan, Alta. Photo courtesy Keyera Corp. Sarnia, Ont., which sits on the southern tip of Lake Huron and peers across the St. Clair River to Michigan, is a crucial energy hub for much of the eastern half of Canada and parts of the United States.With more than 60 industrial facilities including refineries and chemical [Read more]
Baytex Announces Granting of Exemptive Relief Regarding Its Normal Course Issuer Bid Program
Calgary, Alberta--(Newsfile Corp. - July 14, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") today announced it obtained an exemption order from the Canadian securities regulators which permits Baytex to purchase up to 10 percent of the "public float" (within the meaning of the rules of the Toronto Stock Exchange (the "TSX")) of its common shares through the New York Stock Exchange and other U.S.-based trading systems as part of Baytex's shareholder return strategy, including the [Read more]
Soaring Saudi exports and trade tensions will test oil price resilience: Bousso
(Repeats to additional subscribers) *Oil demand growth slows sharply in second quarter *Saudi oil exports set to surge to 7.5 mln bpd in July amid higher production *Saudi power generation crude burn limits exports during summer By Ron Bousso LONDON, July 14 - Oil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald Trump's trade policies and rising OPEC+ production quotas. But that strength will now be tested, as Saudi output is [Read more]
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