AIM & TSX: “TGL” & NASDAQ: “TGA” This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three months and year ended December 31, 2020. All dollar values are [Read more]
Headlines
AltaGas Ltd. announces aggregate $550 million medium term note offering
Calgary, AB - AltaGas Ltd. ("AltaGas") (TSX: ALA) today announced that it has agreed to issue $350 million of senior unsecured medium term notes (the "3 Year Notes") with a coupon rate of 1.227 percent, maturing on March 18, 2024 and $200 million of senior unsecured medium term notes (the "6 Year Notes") with a coupon rate of 2.166 percent, maturing on March 16, 2027 (the "Offering"). The Offering is expected to close on or about March 16, 2021. The net proceeds resulting from the Offering [Read more]
Petrus Resources announces changes to board of directors
CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces that Mr. Stephen White has resigned from his position as a director of Petrus. The Board of Directors is also pleased to announce that Mr. Ken Gray has joined the Petrus Board. Mr. Ken Gray is a Petroleum Engineer with a degree from Texas A&M University and has over thirty-five years of experience in the oil and gas sector. The staff, management, and Board of Directors of Petrus would like to thank [Read more]
Cardinal Energy Ltd. completes redemption of 8% convertible debentures
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ; CJ.DB.A) announced today that it has completed the previously announced redemption of its 8.00% Convertible Unsecured Subordinated Debentures due December 31, 2022 (the "Debentures"). Prior to the redemption date, Cardinal issued 22,410,000 common shares upon the voluntary conversion of $28,013,000 principal amount of the Debentures representing approximately 99.3% of the outstanding Debentures. The redemption of the [Read more]
Crew Energy Inc. announces 2020 financial results and provides operations update highlighted by significant progress on asset development plan
CALGARY, AB - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") today announced our operating and financial results for the three and twelve month periods ended December 31, 2020. Crew's full audited consolidated Financial Statements, as well as Management's Discussion and Analysis ("MD&A") for the three and 12-month periods ended December 31, 2020 are available on Crew's website and filed on SEDAR at www.sedar.com. While 2020 proved to be one of the most challenging years in recent [Read more]
Renewable diesel/hydrogen project in line for $100M in carbon credits, Tidewater says
CALGARY - Tidewater Midstream and Infrastructure Ltd. says it expects to receive $100 million in provincial government low carbon fuel credits if it proceeds with a plan to build renewable diesel and renewable hydrogen facilities at its Prince George Refinery in B.C. The Calgary-based company says the 3,000-barrel-per-day stand-alone complex would cost between $215 million and $235 million to build, which means the credits would equate to about 45% of the cost. It estimates that the asset [Read more]
Tourmaline Oil CEO says oilpatch acquisition environment still ‘positive’
CALGARY - The CEO of Tourmaline Oil Corp. says there are still plenty of potential acquisition targets in Western Canada but that may change if recently higher global oil prices continue to strengthen. On a conference call to discuss fourth-quarter results, Mike Rose says the company is looking at several possible deals as it celebrates higher earnings and production following a year in which it completed four corporate acquisitions. Tourmaline closed deals to buy two private producers, [Read more]
Hemisphere Energy grows proved reserves by 18% and proved plus probable reserves by 22%
Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQB: HMENF) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation (the "Reserve Report"), prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") and effective as at December 31, 2020. During 2020 Hemisphere incurred capital expenditures of $1.7 million and maintained average production year-over-year at approximately 1,700 boe/d (99% heavy crude oil). [Read more]
Brookfield says committed to hostile Inter Pipeline takeover
Investment firm Brookfield Infrastructure Partners said on Thursday it is committed to its C$7.1 billion ($5.65 billion) hostile takeover offer for Inter Pipeline Ltd despite the pipeline company's board turning down the bid. The largest individual shareholder in Inter Pipeline said it welcomes the board's "efforts to market test the offer against other take-private proposals", adding that its offer is in the best interest of the Canadian company's shareholders. Inter Pipeline on Tuesday [Read more]
Column: Warren Buffett and the pace of the ‘energy transition’ – should be done by his 200th birthday
In Omaha, Nebraska is a 90-year-old who runs a business alongside his 97-year-old business partner. While you might think encountering them driving on the freeway would be bad, I assure you that competing with them in the business world would be much worse. Those dentures will eat you alive. I’m referring of course to the youngster, Warren Buffett, and his slightly more experienced sidekick Charlie Munger. The pair run Berkshire Hathaway, a holding conglomerate so large that it frightens [Read more]