CALGARY, AB - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce the management information circular (the "Information Circular") with respect to the previously announced Plan of Arrangement involving Rubellite Energy Inc. ("Rubellite") has been filed on SEDAR at www.sedar.com. On July 16, 2021, Perpetual announced the creation of Rubellite, approximately $73 million in equity financings, the settlement of the majority of its second lien term loan (the [Read more]
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Enerplus announces quarterly cash dividend for September 2021; increases dividend by 15%
CALGARY, AB - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) today announced a 15% increase in its quarterly cash dividend, from CDN$0.033 per share to CDN$0.038 per share, payable on September 15, 2021 to all shareholders of record at the close of business on August 31, 2021. The ex-dividend date for this payment is August 30, 2021. The CDN$0.038 per share dividend is equivalent to approximately US$0.030 per share if converted using the current Canadian/US dollar exchange rate of [Read more]
Enerplus announces second quarter 2021 results; increases dividend by 15%
All financial information contained within this news release has been prepared in accordance with U.S. GAAP, except as noted under "Non-GAAP Measures". This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. A full copy of Enerplus' Second Quarter 2021 Financial Statements and MD&A are available on the Company's [Read more]
Pembina Pipeline Corporation reports results for the second quarter 2021 and updates 2021 guidance
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not defined by Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); cash flow from operating activities per common share; adjusted cash flow from operating activities; and adjusted cash flow from operating activities per common share. For more [Read more]
Inter Pipeline reports second quarter 2021 financial and operating results
CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline" or the "Company") (TSX: IPL) announced its financial and operating results for the three and six-month periods ended June 30, 2021. "Inter Pipeline delivered another quarter of strong, stable results, with our core businesses performing very well," stated Christian Bayle, President and CEO. "I wish to take this opportunity to sincerely thank the Inter Pipeline team for their unwavering focus on advancing our business priorities despite the [Read more]
Heavy crude discount continues narrowing
Canadian heavy crude's discount to West Texas Intermediate (WTI) narrowed on Thursday: Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, traded at $13.60 per barrel below the WTI benchmark, according to NE2 Canada Inc, narrower than Wednesday's settlement of $14 per barrel below U.S. crude futures. The differential's narrowing since the new trading cycle began this week is due to steady Alberta oil inventories and strong demand from refiners, [Read more]
Oil prices rise on Mideast tensions; crude stock build caps gains
Oil prices rose on Thursday, supported by tensions in the Middle East, but failed to recoup most of the previous day's losses after a surprise build in crude stockpiles in the United States, the world's top oil consumer. U.S. West Texas Intermediate (WTI) crude futures increased by 49 cents, or 0.72%, to $68.52 a barrel. Brent crude oil futures rose by 44 cents, or 0.63%, to $70.72 a barrel. Both benchmarks fell by more than $2 a barrel on Wednesday. "With tensions brewing amongst Iran [Read more]
Kelt reports financial and operating results for the three and six months ended June 30, 2021
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and six months ended June 30, 2021. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 (CA$ thousands, except as otherwise indicated) 2021 2020 % 2021 2020 % Petroleum and natural gas [Read more]
Tidewater Midstream and Infrastructure Ltd. announces second quarter 2021 results and operational update
CALGARY, AB - Tidewater Midstream and Infrastructure Ltd. ("Tidewater Midstream" or the "Corporation") (TSX: TWM) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the three and six month periods ended June 30, 2021. SECOND-QUARTER 2021 FINANCIAL PERFORMANCE Highlights Tidewater Midstream delivered another record quarter of Adjusted EBITDA growth. This performance continues to [Read more]
Keyera Corp. announces 2021 second quarter results
CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") announced its 2021 second quarter financial results today, the highlights of which are included in this news release. To view the MD&A and financial statements, visit either Keyera's website or Keyera's filings on SEDAR at www.sedar.com. Second Quarter Financial Highlights Adjusted earnings before interest, taxes, depreciation, and amortization ("adjusted EBITDA"1) was $224 million, compared to $182 million in Q2 2020. The [Read more]