Highlights 16,640 Acres (26 Sections) 100% Working Interest No Encumbrances 4 year term (2024) Crown Royalty Holiday Thermal Maturity from core (Tmax) of 444 TOC wt% 9.86 Located in the oil window 40m to 50m thick Top and bottom Seals Anticipated to be over pressured Hybrid Shale/Carbonate Reservoir Drill depth of 2,000m allows for drilling cost savings and improved economics Click image for full Presentation For inquiries, please contact Andy [Read more]
Headlines
International Petroleum Corporation third quarter 2020 financial results and sustainability report
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis for the nine months ended September 30, 2020. IPC also announces the release of its first Sustainability Report, which details the Corporation's environmental, social, and governance ("ESG") performance. Business Update Forecast 2020 net average production revised upwards to over 41,000 barrels of [Read more]
Gibson Energy announces 2020 third quarter results
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta - Gibson Energy Inc. announced today its financial and operating results for the three and nine months ended September 30, 2020. “In what remains a challenging environment for our industry, the resilient nature of our Infrastructure segment’s long-term, contracted cash flows continued to underpin our strong quarterly operating and financial results as well as our solid financial position,” said Steve [Read more]
Highwood Oil Company Ltd. announces amendment to credit facility
CALGARY, AB, Nov. 2, 2020 /CNW/ - Highwood Oil Company Ltd. (TSXV: HOCL) ("Highwood" or the "Company") announces amendments to the Company's reserve-based credit facility (the "Credit Facility"). Credit Facility Amendment The Company's Credit Facility has been amended with the maturity date of Term Facility A extended to December 15, 2020. The Company will also continue to work with its lender to explore all options needed to satisfy the conditions of the Credit [Read more]
Plains All American Pipeline and Plains GP Holdings report third-quarter 2020 results
HOUSTON - Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today reported third-quarter 2020 results and furnished updated 2020 guidance in addition to several other significant updates, which are highlighted below. Summary Highlights Reported net income for the quarter of $143 million Delivered third-quarter 2020 Adjusted EBITDA of $682 million Completed the sale of LA Basin Terminals (closed October 15, 2020) for approximately $200 [Read more]
TC Energy provides conversion right and dividend rate notice for Series 11 and 12 preferred shares
CALGARY, Alberta - TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy or the Corporation) announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 11 (Series 11 Shares) on November 30, 2020. As a result, subject to certain conditions, the holders of Series 11 Shares have the right to choose one of the following options regarding their shares: to retain any or all of their Series 11 Shares and continue to receive a fixed [Read more]
Journey Energy Inc. announces sale of assets and cost reduction initiatives
CALGARY, AB - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce that it has entered into definitive agreements for the sale of assets in both its Countess area (including Journey's newly commissioned 4.2 megawatt power project); and also producing assets in its Telfordville area. Total proceeds from these asset sales of approximately $15 million before closing adjustments, will be used to retire indebtedness associated with new term loans advanced [Read more]
Column: Trump is still the best choice for America (and Canada)
I realize in writing this as a Canadian some might wonder why I care so much about the politics of a foreign country. Well, as I wrote three years ago Donald Trump had delivered more positive results for the Alberta economy than our own leaders, and that has remained true today. The approval of the Keystone XL pipeline, which is now under construction, is vital to the long term hopes of our oil industry, and Joe Biden has promised to kill it and leave us stranded. Americans need a strong [Read more]
Pembina Pipeline Corporation provides notice of series 9 preferred share conversion right and announces reset dividend rates
CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9 ("Series 9 Shares") (TSX: PPL.PR.I) on December 1, 2020 (the "Conversion Date"). As a result, subject to certain terms of the Series 9 Shares, the holders of the Series 9 Shares will have the right to convert all or part of their [Read more]
Oil hits five month lows on renewed virus fears
Oil prices hit five-month lows and shares extended losses on Monday on worries about global demand as many economies slid back into coronavirus-induced lockdowns while upcoming U.S. presidential elections led to heightened caution. Risk appetite has taken a hit in the past week on the back of rising coronavirus cases and lockdowns, fears of the prospect of a tightly contested U.S. presidential election, absence of a pre-election U.S. fiscal stimulus and gloomy corporate outlook. Global [Read more]