CALGARY, AB - Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSXV: POE) reports 2020 third quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day. The Company is today filing its unaudited consolidated financial statements as at and for the nine months ended September 30, 2020 and related management's discussion and analysis with Canadian securities regulatory [Read more]
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Petrus Resources announces third quarter 2020 financial & operating results
CALGARY, Alberta - Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and nine months ended September 30, 2020. Petrus is focused on the profitable development of its Ferrier Cardium asset to generate free cash flow for debt repayment. In the third quarter of 2020 Canadian natural gas forward prices experienced significant gains. The improved pricing in conjunction with Petrus' 70% natural gas weighting have [Read more]
Tidewater Midstream and Infrastructure Ltd. announces third quarter 2020 results and operational update
CALGARY, AB - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" 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 nine month period ended September 30, 2020. THIRD-QUARTER 2020 FINANCIAL PERFORMANCE Highlights The Corporation delivered a record quarter and its year-to-date performance continues to highlight the value and [Read more]
Ovintiv names Brendan M. McCracken as President
DENVER, Colorado - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today named Brendan M. McCracken as president, effective December 1, 2020. "Today's appointment recognizes Brendan's significant impact on our success and reflects our confidence in his leadership," said CEO Doug Suttles. "This move is part of our ongoing executive development and ensures that we have leaders for the future." McCracken will maintain his current responsibilities of investor relations, external affairs and strategy and [Read more]
Journey Energy Inc. reports its third quarter 2020 financial and operating results
CALGARY, AB - Journey Energy Inc. (TSX: JOY) ("Journey" or the "Company") announces its financial and operating results for the three and nine month periods ending September 30, 2020. The complete set of financial statements and management discussion and analysis for the periods ended September 30, 2020 and 2019 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. 2020 THIRD QUARTER AND YEAR TO DATE HIGHLIGHTS Achieved production of 8,311 boe/d in the third [Read more]
Peyto announces 1,000th horizontal well and Q3 2020 financial results
CALGARY, Alberta - Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the third quarter of the 2020 fiscal year. While the COVID-19 pandemic continued to grip the world and global energy markets, Peyto was able to safely continue conducting drilling operations, achieving a significant operational milestone in the Company’s 22 year history with the completion of its 1,000th horizontal well. Results for the quarter [Read more]
NuVista Energy Ltd. provides third quarter operating results and provides 2021 guidance
CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three and nine months ended September 30, 2020 and provide an update on our future business plans. NuVista continued its decisive action in the face of a challenging year for all of industry, through the progression of our COVID-19 safe operating plan, and the significant reduction of capital, operating, and G&A spending to ensure liquidity and balance sheet protection remain [Read more]
Freehold Royalties Ltd. announces third quarter 2020 results and increases 2021 dividend
CALGARY, Alberta - Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces third quarter results for the period ended September 30, 2020. Results at a Glance Three Months Ended September 30 Nine Months Ended September 30 FINANCIAL ($000s, except as noted) 2020 2019 Change 2020 2019 Change Royalty and other revenue 23,123 33,068 -30 % 64,165 104,010 -38 % Net income [Read more]
Pipestone Energy Corp. reports third quarter 2020 results and provides updated 2021 guidance
CALGARY, Alberta - (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q3 2020 financial and operational results, as well as provide an update to its development program and corporate guidance for 2021. “I am extremely proud of the efforts of our team as we continue to safely navigate the global pandemic and its impact on oil prices,” said Paul Wanklyn, President and CEO. “The recently completed financing was an important step in enabling [Read more]
Oil rises on declining U.S. crude stocks, hopes for COVID-19 vaccine
Oil prices climbed over 1% on Wednesday, after an industry report showed U.S. crude inventories have fallen more than expected, while hopes of an effective COVID-19 vaccine continued to bolster sentiment. West Texas Intermediate (WTI) crude futures also rose 48 cents, or 1.2%, to $41.84 a barrel, while Brent crude futures were up 48 cents, or 1.1% to $44.09 a barrel at 0445 GMT. Both benchmarks gained nearly 3% on Tuesday. Crude stockpiles fell by 5.1 million barrels last week to about [Read more]