Production of 41,447 boe/d exceeded Saturn's guidance for the eighth consecutive quarter Adjusted funds flow(1) of $123 million ($0.68/share) drove free funds flow(1) of $82 million ($0.46/share) Nimble asset base and flexible capital program supported the acceleration of $20 million of capital from Q3 into Q2 to bring volumes on sooner into a stronger oil price environment Continued execution of our blueprint strategy with 'core-up' acquisitions in the quarter that expand scale, [Read more]
Headlines
Whitecap reports record second quarter 2026 financial results and increased production guidance
CALGARY, AB, July 29, 2026 /CNW/ -- Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2026. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related management's discussion and analysis for the three and six months ended June 30, 2026 which are available at [Read more]
Tourmaline announces strong second quarter results and liquids marketing agreement
CALGARY, Alberta, July 29, 2026 /CNW/ -- Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the second quarter of 2026. HIGHLIGHTS Q2 2026 cash flow(1)(2) ("CF") of $786.1 million ($2.02 per fully diluted share), generating $192.1 million of free cash flow(3) ("FCF") in the quarter. The Company entered into a long-term agreement to increase propane and butane exports through the AltaGas REEF [Read more]
Saudi Arabia seeks international coalition to protect Red Sea shipping from Houthis, sources say
Saudi Arabia is seeking to build an international coalition to protect shipping in the Red Sea from Houthi attacks, two people familiar with the deliberations said on Wednesday. The composition of the coalition has not yet been finalised and is being discussed with dozens of countries, the sources said. The Saudi Center for International Communication did not immediately respond to a request for comment. The Iran-aligned Houthis said on July 20 they would impose a naval blockade on [Read more]
Surge Energy Inc. announces second quarter 2026 financial & operational updates
CALGARY, ALBERTA, July 29, 2026 /CNW/ -- Surge Energy Inc.("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter ended June 30,2026, as well as an update on the Company's latest operational achievements. As a result of continued successful drilling and waterflood results in Surge's two core areas, on June 1, 2026 the Company upwardly revised its 2026 capital budget and production guidance. Surge's 2026 exit [Read more]
Carney plays down idea of curbing Canadian oil supplies to US amid trade war
Prime Minister Mark Carney on Wednesday played down the idea of curbing oil supplies to the United States to gain leverage in a trade war, saying that would harm Canada's reputation. President Donald Trump, who has already imposed a raft of tariffs against Canada, on Tuesday said he did not care about renewing the U.S.-Mexico-Canada free trade deal. He is also threatening another round of punitive measures later this month. Last week Carney said he and Trump had agreed to intensify trade [Read more]
Trump and Netanyahu explored all Iran options including attack, Israeli official says
U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu explored all paths to curb Iran's nuclear project in their meeting, including diplomacy, economic pressure and force, a senior Israeli official said on Wednesday. Netanyahu did not tell Trump that Israel's preference was for an attack on Iran, the official said in a briefing with reporters after the two men met in the White House on Tuesday. "In the end, it's his decision," the official said of Trump. Trump has three [Read more]
Shell, Phillips 66 weigh sale of stakes in $3.5 billion US pipeline Explorer, sources say
Shell and Phillips 66 are working on a potential sale of their stakes in the company which owns the Explorer refined products pipeline, in a deal that could value the major piece of U.S. energy infrastructure at around $3.5 billion, people familiar with the matter said. The move reflects how heightened demand for energy infrastructure assets, especially from financial buyers, has boosted valuations and encouraged existing owners to sell and reinvest proceeds in core or higher-growth parts of [Read more]
Bank of Canada officials split over how long the recent economic rebound will last
OTTAWA - Members of the Bank of Canada's governing council were split over how sustainable a recent economic rebound could be, deliberations from the central bank's rate decision earlier this month show. The Bank of Canada held its benchmark interest rate steady at 2.25 per cent for a sixth straight time at its decision on July 15. Minutes tracking governing council's discussions heading into that announcement were released Wednesday. The deliberations show officials were growing more [Read more]
Canada advances global energy exports by signing second European LNG deal
NISGA'A NATION, BC, July 29, 2026 /CNW/ -- The world is changing rapidly. In response, Canada is focused on what we can control: building a stronger, more independent and more sustainable economy. As part of that plan, we are expanding and strengthening our international trade energy exports. Canada has what the world wants, and providing Canadian energy to our allies reinforces global energy security, domestic prosperity and Canada's position as an energy superpower. Today, The Honourable [Read more]
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