CALGARY, Alberta - Each of Mr. Don Gray, Glen Gray and Stuart Gray (collectively, the "Purchasers") announce that they have each individually agreed (on a several basis) to acquire the number of common shares ("Common Shares") of Petrus Resources Ltd. ("Petrus") set forth below from an arm's length vendor, at a purchase price of $0.30 per share, pursuant to the terms of a share purchase agreement among the Purchasers and the vendor (the "Purchase Agreement). Closing of the transaction is [Read more]
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Tourmaline Oil reports Q4 earnings of $629 million and 12 per cent production rise
CALGARY - Tourmaline Oil Corp. is reporting higher fourth-quarter earnings and production along with a 14% increase in its dividend following a year in which it completed four corporate acquisitions. The Calgary-based company, the largest natural gas producer in Canada, says it had net income in the last three months of 2020 of $629 million or $2.28 per share, more than 10 times the $61.3 million or 23 cents it reported in the same period of 2019. It says the increase in net earnings [Read more]
Heavy crude edges wider, holds within tight range
Canadian heavy crude's discount to West Texas Intermediate (WTI) widened slightly on Wednesday: Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, last traded at $11.15 per barrel below WTI, according to NE2 Canada Inc, widening from $10.95 per barrel below the benchmark on Tuesday. The heavy crude differential remained within a narrow range between $10.80 per barrel and $11.80 per barrel below WTI that it has traded in since early February. Light [Read more]
Tourmaline delivers earnings of $618.3 million in 2020, adds 826 MMboe of 2P reserves and increases dividend for Q1 2021
CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2020 as well as 2020 reserves. HIGHLIGHTS Achieved record production in Q4 2020, exiting 2020 producing in excess of 400,000 boepd. Achieved a record 2P reserve addition of 826.0 mmboe in 2020 with finding, development and acquisition ("FD&A") costs of $3.80/boe, including changes in future development capital [Read more]
Headwater Exploration Inc. announces 2020 reserves, fourth quarter and year end 2020 operating and financial results and operations update
CALGARY, AB - Headwater Exploration Inc. (the "Company" or "Headwater") (TSX:HWX) announces its operating and financial results for the three months and year ended December 31, 2020. Selected financial and operational information is outlined below and should be read in conjunction with the audited financial statements and the related management's discussion and analysis ("MD&A"). These filings will be available at www.sedar.com and the Company's website at www.headwaterexp.com. In addition, [Read more]
Birchcliff Energy Ltd. announces the filing of its audited financial statements and other disclosure documents for the year ended December 31, 2020
CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that it has filed its audited annual financial statements (the “Financial Statements”) and related management’s discussion and analysis and its annual information form (the “AIF”) for the financial year ended December 31, 2020 (collectively, the “Annual Filings”) on the System for Electronic Document Analysis and Retrieval (“SEDAR”). The Financial Statements are consistent with the [Read more]
Enerplus closes acquisition of Bruin
CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today announced that it has closed its previously announced acquisition of Bruin E&P HoldCo, LLC ("Bruin"), a pure play Williston Basin private company, for a total cash purchase price of US$465 million, subject to normal purchase price adjustments. The purchase price was funded by Enerplus fully drawing its new three-year US$400 million term facility, along with a portion of the proceeds from Enerplus' [Read more]
Oil rises on OPEC+ supply restraint and brighter economic forecast
Oil prices rose on Wednesday, supported by an OECD forecast for global economic recovery and by OPEC+ oil output curbs, though gains were capped by rising U.S. inventories. U.S. West Texas Intermediate crude rose $1.05, or 1.66%, to $64.84. Brent crude rose $1.18, or 1.73%, to $68.34 a barrel. The pandemic-hit global economy is set to rebound with 5.6% growth this year and expand 4% next year, the Organisation for Economic Cooperation and Development (OECD) said in its interim economic [Read more]
Canadian Discovery appoints new business development team, as company expands into the clean technology sector
CALGARY, AB, CANADA – March 10, 2021 – Canadian Discovery Ltd. (CDL) is an independent, global energy information services company headquartered in Calgary, Alberta, Canada. Over the last 30+ years CDL has evolved to deliver oil and gas data, analytics and expertise via online applications and supporting consultancy services. The company is proud to announce that Adam Staruiala, M.Sc., as Senior Account Executive and Christa Williams, B.Sc., as Account Executive have joined the CDL team. Mr. [Read more]
Keyera Corp. announces closing of $350 million hybrid note offering
CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") announced today that it has closed its previously announced Canadian offering of $350 million of 5.95% fixed-to-fixed rate subordinated notes due March 10, 2081. The offering was announced on March 8, 2021. The notes were offered through an underwriting syndicate co-led by CIBC Capital Markets and RBC Dominion Securities Inc. under Keyera's Short Form Base Shelf Prospectus dated November 15, 2019, as supplemented by a Prospectus Supplement [Read more]