Offer's share consideration exposes shareholders to a company with inferior assets Selling by WEF and its investors to provide liquidity will put downward pressure on the share price MEG is a uniquely attractive investment opportunity that warrants a premium valuation MEG has initiated a strategic review of alternatives with the potential to surface an offer superior to the Company's compelling standalone plan CALGARY, AB, June 16, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG", or [Read more]
News
Surge Energy Inc. confirms July 2025 dividend
CALGARY, AB, June 16, 2025 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on July 15, 2025, in respect of June 2025 production, for the shareholders of record on June 30, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The [Read more]
International Petroleum Corporation Announces Results of Normal Course Issuer Bid
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 122,427 IPC common shares (ISIN: CA46016U1084) during the period of June 9 to 13, 2025 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 3, 2024, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 [Read more]
Oil and gas important in times of conflict, Saudi Aramco CEO says
The importance of oil and gas can't be underestimated at times when conflicts occur, something that was currently being seen, the head of Saudi oil giant Aramco told an energy conference on Monday. Aramco CEO Amin Nasser delivered his speech to the Energy Asia Conference in Kuala Lumpur by a video link. Oil prices jumped last week after Israel launched strikes against Iran on Friday that it said were to prevent Tehran from building an atomic weapon. The fighting intensified over the [Read more]
G7 needs to raise pressure on Russia, von der Leyen says
More pressure must be exerted on Russia to secure a ceasefire in Ukraine urging the G7 nations to ramp up sanctions to achieve that goal, European Commission President Ursula von der Leyen said on Sunday. Leaders of the world's largest industrial nations are meeting in Canada's Rockies with European countries seeking to keep the war in Ukraine firmly on the mind of U.S. President Donald Trump despite fighting breaking out between Israel and Iran in the Middle East. With diplomacy at a [Read more]
Australia’s Santos receives $18.7 billion takeover bid from ADNOC-led consortium
Australian oil and gas producer Santos said on Monday it intended to support an $18.7 billion takeover bid from an international consortium led by Abu Dhabi's National Oil Company (ADNOC). ADNOC, through its investment arm XRG, with Abu Dhabi Development Holding Company (ADQ) and private equity firm Carlyle has offered $5.76 (A$8.89) per Santos share, which was a 28% premium to the Australian company's close on Friday. The takeover bid emerged as oil prices reached multi-week highs as Israel [Read more]
Oil prices climb as Israel-Iran conflict heightens supply disruption fears
Oil prices climbed in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East. Brent crude futures were up $1.70, or 2.3%, to $75.93 a barrel by 2253 GMT, while U.S. West Texas Intermediate crude futures gained $1.62, or 2.2%, to $74.60. They had surged more than $4 earlier in the session. Both benchmarks settled 7% higher on Friday, [Read more]
An overview of Iran’s main gas field and oil infrastructure
Israel struck an installation at Iran's South Pars gas field on Saturday, the first attack on Iran's oil and gas sector as part of what the Israeli government had warned would be a prolonged operation to prevent Tehran from building an atomic weapon. Iran has partially suspended gas production from the South Pars field, Iran's portion of the world's largest natural gas reserve, which lies beneath the Gulf and is shared with major gas exporter Qatar. Israel also struck a Tehran fuel depot and [Read more]
Israel’s Oil Refineries says pipelines, transmission lines in Haifa damaged in strikes by Iran
Israel's Oil Refineries said its pipelines and transmission lines in Haifa had been damaged by missile strikes by Iran, according to a regulatory filing to the Tel Aviv Stock Exchange. It said that no injuries or casualties were reported at the sites, with refining facilities continuing to operate despite a shutdown of some downstream operations. It said it is examining the impact of the damage on its operations and implications on its financial results. (Reporting by Steven Scheer; Editing [Read more]
Iran does not want conflict with Israel to expand but will defend itself, foreign minister says
Iran does not want its conflict with Israel to expand to neighbouring countries unless the situation is forced, Foreign Minister Abbas Araqchi said on Sunday, adding its response had been based on self-defence. Araqchi said Tehran had been responding to foreign aggression, and that if this aggression stopped, Iranian reactions would also cease. The foreign minister said the Israeli strikes on the offshore South Pars gas field Iran shares with Qatar were "a blatant aggression and a very [Read more]
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