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Advantage Announces Annual General Meeting Voting Results on Election of Directors

May 7, 2026  (TSX: AAV) CALGARY, AB, May 7, 2026 /CNW/ - Advantage Energy Ltd. ("Advantage") is pleased to announce that on May 7, 2026 it held its annual general meeting of shareholders (the "Meeting"). A total of 126,540,454 common shares (approximately 75.42% of the outstanding common shares) were represented at the Meeting in person or by proxy. At the Meeting, shareholders approved the election of ten (10) nominees as directors of Advantage to serve until the next annual [Read more]

Shale producer Devon Energy approves $8 billion share buyback plan

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U.S. oil and gas producer Devon Energy said on Thursday its board had approved a $8 billion share repurchase program, a week after activist investorKimmeridge called for higher shareholder returns. Last week, Kimmeridge, a well-known activist investor in the energy sector, urged Devon's incoming board to swiftly pursue asset sales, improve capital allocation and revamp executive pay to boost shareholder returns once its $58 billion merger with Coterra Energy closes. * The all-stock merger [Read more]

South Bow earnings drop; bids close for possible new U.S.-bound pipeline

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CALGARY - Crude pipeline operator South Bow Corp. says its first-quarter net income dropped to US$77 million during the first three months of the year, down from US$88 million during the same period of 2025. The profit amounted to 37 cents US per share versus a year-earlier 42 cents US. South Bow, which keeps its books in U.S. dollars, reported its revenue fell to US$491 million from US$498 million. The company, which spun off from TC Energy in 2024, operates the Keystone system [Read more]

Pembina Pipeline Reports Results for the First Quarter of 2026, Raises Quarterly Common Share Dividend, and Updates Full Year Guidance

All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); adjusted earnings; adjusted earnings per common share; adjusted cash flow from operating activities; and adjusted cash flow from [Read more]

Cavvy Energy Releases Q1 2026 Financial and Operating Results

Strong Sulphur and Midstream Margins Drive 29% Growth in Net Operating Income, Quarterly Debt Repayment of US$27 million Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, May 07, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to announce its first quarter 2026 financial and operating results. The Company produced 24,655 boe/d of hydrocarbons, 1,089 mt/d of sulphur, and generated Net [Read more]

Discount on Western Canada Select widens

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The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened slightly on Thursday. WCS for June delivery in Hardisty, Alberta, settled at $15.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $15.70 on Wednesday. * While the discount has narrowed since the start of the month, the differential for heavy Canadian crude remains wider than it was at the start of the U.S. war on Iran. * The WCS [Read more]

Cardinal Energy Ltd. Announces Results of Director Elections

Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce the results of the vote on directors at its annual shareholders' meeting held on May 7, 2026 (the "Meeting"). A total of 57,468,030 votes representing 33.09% of the total votes entitled to vote at the Meeting, were voted in connection with the election of directors. The voting results for the six directors nominated for election are set forth in the table [Read more]

Baytex Delivers Strong First Quarter 2026 Results; Raises Production Guidance and Nearly Doubles 3-Year Growth Outlook; CEO Transition Complete

Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") reports its operating and financial results for the three months ended March 31, 2026 (all amounts are in Canadian dollars unless otherwise noted). "Baytex's strong first quarter results reflect the quality of our Canadian portfolio and the operational discipline of our team," said Chad Lundberg, President and Chief Executive Officer. "Outperformance across our heavy oil [Read more]

South Bow Announces Approval of Resolutions at Annual General Meeting of Shareholders

CALGARY, Alberta, May 07, 2026 (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 7, 2026 (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 97.76% to 99.68% of shares represented at the Meeting voting in favour of the [Read more]

Cardinal Energy Ltd. Announces First Quarter 2026 Results, Executive Changes, and Increases to 2026 Capital Budget

Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the first quarter ended March 31, 2026. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE FIRST QUARTER OF 2026 Cardinal achieved record quarterly production of 25,948 boe/d in the first quarter due to a full quarter of production from the Reford steam-assisted gravity drainage ("SAGD") project. First quarter 2026 [Read more]