Join the CAODC on Friday, March 26 for their AGM & Virtual Town Hall with Alberta Premier, the Honourable Jason Kenney. This year in a virtual format, Association members will meet to celebrate the year's accomplishments through an entertaining program with engaging speakers and industry experts. The event will feature a keynote speech and fireside chat with Alberta's Premier, the Honourable Jason Kenney. Since taking his seat in the Legislature, Mr. Kenney has been relentless in his [Read more]
Headlines
AltaGas announces strong Q4 and 2020 results
CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) today reported fourth quarter and full-year 2020 financial results. The Company also reaffirmed its 2021 guidance and provided an update on its operations and outlook. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars, unless otherwise noted) Normalized EPS1 of $0.53 in the fourth quarter and $1.42 for the full year in 2020 continued to demonstrate strong execution and the Company's focus on [Read more]
Calima Energy Limited announces merger with Blackspur Oil Corp
Binding agreement to acquire 100% of Blackspur Oil Corp (“Blackspur”), a western Canadian conventional oil-weighted energy producer. Consideration of C$17 million; comprised C$12.1 million in Calima shares and a cash payment of up to C$4.9 million; plus contingent consideration tied to net debt adjustments at closing. Focused High Quality Asset Base: Blackspur’s operations include high quality, producing assets in Alberta Canada with an oil weighted reserve base: Net Reserves [Read more]
Advantage Announces Revised 2021 Guidance, 2020 Year-End Results, and Reserves Highlights
CALGARY, AB, Feb. 25, 2021 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce increased 2021 production guidance, reduced 2021 capital guidance, and 2020 year-end results and reserves highlights. Results from Advantage's 2020 drilling program have exceeded expectations both in costs and well performance, positively impacting our 2020 reserves, financial outlook and 2021 guidance. Drilling in 2020 was entirely gas-focused at Glacier, with the first [Read more]
Razor Energy Corp. Announces 2020 Year-End Reserves and Operational Outlook
CALGARY, Alberta, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to provide a summary of its 2020 year-end reserves evaluation and an updated operational outlook. The highlights and reserves summary below set forth Razor’s gross reserves at December 31, 2020, as evaluated by Sproule Associates Limited (“Sproule”), qualified reserves evaluators, in an independent report dated February 19, 2021 (the “Sproule Report”). The figures in the [Read more]
Pembina Pipeline Corporation announces share repurchase program
CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today the acceptance by the Toronto Stock Exchange (the "TSX") of Pembina's notice to commence a normal course issuer bid (the "NCIB") to purchase up to five percent of its outstanding common shares. Under the NCIB, purchases of common shares may be made through the facilities of the TSX, the New York Stock Exchange and/or alternative Canadian trading systems, commencing on March 2, 2021 [Read more]
Alberta sees budget deficit narrowing to C$18 bln as oil prices recover
The province of Alberta on Thursday estimated its 2021/22 budget deficit will shrink to C$18.2 billion, as its economy starts to recover from the damage wrought by the coronavirus pandemic. Alberta's 2020/21 deficit stood at C$20.2 billion, compared with a C$24.2 billion deficit projected in August, as recovering crude oil prices help the province narrow its deficit. Still, the deficit is larger than the historical trend, reflecting the impact of pandemic spending. Finance minister [Read more]
Pembina Pipeline Corporation reports results for the fourth quarter and full year 2020
Full year results reflect the resilience of Pembina's diversified and highly contracted business; pre-pandemic adjusted EBITDA guidance achieved 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 [Read more]
NuVista Energy Ltd. executes non-core divestitures, reduces debt significantly, and provides production and operations update
CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce the divestiture of its non-core Charlie Lake and Cretaceous Unit assets (the "Wembley Assets") in the Wembley area, as well as selected water infrastructure assets (the "Infrastructure Assets") in the Wembley/Pipestone area, for total proceeds of $94 million prior to adjustments. There is no change to NuVista’s ownership in our core Montney assets in Pipestone, Wapiti, and the surrounding area, [Read more]
Imperial Oil reports one-billion-barrel drop in bitumen reserves at end of 2020
CALGARY - Imperial Oil Ltd. is cutting one billion barrels from its inventory of oilsands bitumen following a year marked by low oil prices and budget cutting amid the COVID-19 pandemic and a global price war between major oil producers. In a regulatory filing on Wednesday, the Calgary-based company says its proved plus probable bitumen reserves fell to 4.46 billion barrels as of Dec. 31, 2020, from 5.45 billion barrels on the last day of 2019, with most of the change due to "technical [Read more]