CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces that its shareholders approved all resolutions at the Company's annual general meeting held on May 15, 2025 (the Meeting). During the business proceedings of the Meeting, South Bow's shareholders approved the following resolutions: 1. Resolution to appoint 11 board members, with 96.51% to 99.83% of shares represented at the Meeting voting in favour of the [Read more]
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Whitecap Resources Inc. Receives TSX Approval For Renewed Normal Course Issuer Bid and Confirms Monthly Dividend for May of $0.0608 Per Share
CALGARY, AB, May 15, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Whitecap's notice of intention to commence a normal course issuer bid (the "NCIB"). The NCIB allows Whitecap to purchase up to 122,135,462 common shares (representing 10% of Whitecap's public float, as defined by the TSX, as of May 12, 2025) over a period of twelve months commencing on May 23, 2025. On May 12, 2025, Whitecap had [Read more]
Rubellite Energy Corp. Announces Election of Directors
CALGARY, AB, May 15, 2025 /CNW/ - (TSX: RBY) – Rubellite Energy Corp. ("Rubellite" or the "Company") is pleased to announce that the nominees listed in the management proxy circular dated March 28, 2025, were elected as directors of Rubellite. The detailed results of the vote for the election of directors held at its annual meeting of shareholders earlier today in Calgary, Alberta are set out below. Election of Directors Each of the following eight nominees proposed by management was elected [Read more]
Hot weather and high demand to pressure US power grid this summer, FERC says
Projected searing temperatures across the U.S. and the proliferation of data centers are expected to send electricity consumption to a four-year high this summer, testing the grid and pushing up power prices, the Federal Energy Regulatory Commission said on Thursday. A shrinking pool of around-the-clock power plants, which are retiring to make way for cleaner energy sources, will further pressure the electrical system, FERC said in its annual assessment. WHY IT MATTERS The U.S. as a whole is [Read more]
May 14th Alberta Crown Land Sale totals $6.9 MM – StackDX Intel
The Alberta Government brought in $6.9 MM on its May 14th Crown land sale. In total, 15,368.81 hectares were sold at an average price of $451.60/ha. Click here to see the full land sale results on StackDX Intel. The largest bonus came from a 1,024 hectares (4 sections) parcel of land south of Grande Prairie and west of Fox Creek, at the western edge of the Kakwa field. This parcel went for a $3,663,647 bonus, and represented 53% of the total bonus from the May 14th landsale. A land [Read more]
Saudi price war looks like unspoken gift to Trump: Bousso
(The opinions expressed here are those of the author, a columnist for Reuters.) *OPEC+ strategy helps lower oil prices at time of concerns over tariffs *Trump reaffirms US ties with Saudi in lavish visit to kingdom *Saudi oil exports to the US have declined in recent decades By Ron Bousso LONDON, May 15 - Oil barely garnered a mention from U.S. President Donald Trump during his glitzy visit to Saudi Arabia this week. But the black gold may explain why the trip went so [Read more]
Canada’s Indigenous alliance to buy stake in Enbridge’s Westcoast system for $511 million
Canada's Enbridge said on Thursday that Stonlasec8 Indigenous Alliance will buy a 12.5% stake in the pipeline operator's Westcoast system for C$715 million ($511.19 million), as Indigenous communities look to own stake in energy firms. The pipeline system stretches over 2,900 kilometers from northeast British Columbia (B.C.) and the B.C.-Alberta border to the Canada-U.S. border, with a capacity of 3.6 billion cubic feet of natural gas per day. Canada's First Nations are increasingly buying [Read more]
Strathcona Resources selling Montney assets for $2.84 billion
CALGARY - Strathcona Resources Ltd. has signed a series of three agreements to sell its assets in the Montney region valued at a total of $2.84 billion. The company says once the deals are complete it will be a pure-play heavy oil company. Strathcona says Arc Resources Ltd. will acquire its Kakwa asset in a deal valued at $1.7 billion, while Tourmaline Oil Corp. will buy its Groundbirch asset for $291.5 million in Tourmaline shares. Strathcona is also selling its Grande Prairie asset in an [Read more]
Tamarack Valley Energy Announces Monthly Dividend Declaration
CALGARY, AB, May 15, 2025 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce the declaration of its monthly dividend. Dividend Declaration Tamarack's Board of Directors has declared a monthly cash dividend on its common shares ("Common Shares") of C$0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on June 16, 2025, to shareholders of record at the close of business on May 30, 2025. [Read more]
Surge Energy Inc. confirms June 2025 dividend
CALGARY, AB, May 15, 2025 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on June 16, 2025, in respect of May 2025 production, for the shareholders of record on May 31, 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]
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