Opponents of Enbridge’s Line 3 oil pipeline replacement across northern Minnesota are taking a novel legal approach to try to halt construction — they are suing on behalf of wild rice. Wild rice is the lead plaintiff in a complaint filed Wednesday in White Earth Nation Tribal Court. The lawsuit, which names the Minnesota Department of Natural Resources among the defendants, advances a legal theory that nature in itself has the right to exist and flourish, the Star Tribune reported. The [Read more]
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Oil set for biggest weekly loss since Oct as Delta variant fans demand worries
U.S. crude oil futures were on track for their biggest weekly decline since late October on Friday, with prices coming under pressure as top consumers impose travel restrictions amid the spread of the Delta variant of the coronavirus. However, rising tensions in the Middle East provided a floor under the market. U.S. West Texas Intermediate (WTI) crude futures have dropped 6.6% this week, the biggest weekly loss since the end of October. The market was down 35 cents, or 0.47% at $68.09 a [Read more]
TransGlobe Energy Corporation announces second quarter 2021 financial and operating results for the three and six months ended June 30, 2021
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 - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. All dollar values are expressed in [Read more]
Headwater Exploration Inc. announces second quarter operating and financial results, operations update and increased 2021 guidance
CALGARY, AB - Headwater Exploration Inc. (the "Company" or "Headwater") (TSX: HWX) is pleased to announce its operating and financial results for the three and six months ended June 30, 2021. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited condensed interim 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 [Read more]
Perpetual Energy Inc. announces filing of information circular for the plan of arrangement involving Rubellite Energy Inc.
CALGARY, AB - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce the management information circular (the "Information Circular") with respect to the previously announced Plan of Arrangement involving Rubellite Energy Inc. ("Rubellite") has been filed on SEDAR at www.sedar.com. On July 16, 2021, Perpetual announced the creation of Rubellite, approximately $73 million in equity financings, the settlement of the majority of its second lien term loan (the [Read more]
Enerplus announces quarterly cash dividend for September 2021; increases dividend by 15%
CALGARY, AB - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) today announced a 15% increase in its quarterly cash dividend, from CDN$0.033 per share to CDN$0.038 per share, payable on September 15, 2021 to all shareholders of record at the close of business on August 31, 2021. The ex-dividend date for this payment is August 30, 2021. The CDN$0.038 per share dividend is equivalent to approximately US$0.030 per share if converted using the current Canadian/US dollar exchange rate of [Read more]
Enerplus announces second quarter 2021 results; increases dividend by 15%
All financial information contained within this news release has been prepared in accordance with U.S. GAAP, except as noted under "Non-GAAP Measures". This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. A full copy of Enerplus' Second Quarter 2021 Financial Statements and MD&A are available on the Company's [Read more]
Pembina Pipeline Corporation reports results for the second quarter 2021 and updates 2021 guidance
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 activities per common share; adjusted cash flow from operating activities; and adjusted cash flow from operating activities per common share. For more [Read more]
Inter Pipeline reports second quarter 2021 financial and operating results
CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline" or the "Company") (TSX: IPL) announced its financial and operating results for the three and six-month periods ended June 30, 2021. "Inter Pipeline delivered another quarter of strong, stable results, with our core businesses performing very well," stated Christian Bayle, President and CEO. "I wish to take this opportunity to sincerely thank the Inter Pipeline team for their unwavering focus on advancing our business priorities despite the [Read more]
Heavy crude discount continues narrowing
Canadian heavy crude's discount to West Texas Intermediate (WTI) narrowed on Thursday: Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, traded at $13.60 per barrel below the WTI benchmark, according to NE2 Canada Inc, narrower than Wednesday's settlement of $14 per barrel below U.S. crude futures. The differential's narrowing since the new trading cycle began this week is due to steady Alberta oil inventories and strong demand from refiners, [Read more]