Oil prices dropped on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market. U.S. West Texas Intermediate (WTI) crude futures dropped 74 cents, or 1.20%, to $62.71 a barrel. Brent crude futures for April, which expires on Friday, fell $1.52 cents, or 2.30%, to $65.50 a barrel. "Crude oil retreated modestly from recent highs amid a 'risk off' sentiment as [Read more]
Headlines
BRITT Land & Engagement rebrands to BRITT RADIUS: elevating BRITT’s legacy
Just in time for our 35-year anniversary, we are excited to announce our newest project: our own rebrand and company elevation! Although we have become well known in industry as BRITT Land & Engagement, we look forward to our future as BRITT RADIUS! In 1986 Ray Ramsay established “Britt Resources Ltd.” during a difficult recession. Grit, determination and an unwavering pursuit to reimagine what is possible, has gotten us to where we are today. What is now BRITT RADIUS, has evolved from [Read more]
Texas deep freeze shows need for natural gas
As Texas begins its thaw from its historic winter storm, it has unearthed there is still a massive and growing need for natural gas services and products to keep people warm. Winter storms walloped the state, first hit by the snow, then blackouts, then loss of power, water, burst pipes, forcing the state to hunker down and find heat anywhere they could, some even as going as far as Mexico. Millions of Texans are still without power and heat while trying to deal with COVID-19, culminating [Read more]
You’re invited to attend CAODC’s AGM & Virtual Town Hall with Alberta Premier Jason Kenney
Join the CAODC on Friday, March 26 for their AGM & Virtual Town Hall with Alberta Premier, the Honourable Jason Kenney. This year in a virtual format, Association members will meet to celebrate the year's accomplishments through an entertaining program with engaging speakers and industry experts. The event will feature a keynote speech and fireside chat with Alberta's Premier, the Honourable Jason Kenney. Since taking his seat in the Legislature, Mr. Kenney has been relentless in his [Read more]
AltaGas announces strong Q4 and 2020 results
CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) today reported fourth quarter and full-year 2020 financial results. The Company also reaffirmed its 2021 guidance and provided an update on its operations and outlook. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars, unless otherwise noted) Normalized EPS1 of $0.53 in the fourth quarter and $1.42 for the full year in 2020 continued to demonstrate strong execution and the Company's focus on [Read more]
Calima Energy Limited announces merger with Blackspur Oil Corp
Binding agreement to acquire 100% of Blackspur Oil Corp (“Blackspur”), a western Canadian conventional oil-weighted energy producer. Consideration of C$17 million; comprised C$12.1 million in Calima shares and a cash payment of up to C$4.9 million; plus contingent consideration tied to net debt adjustments at closing. Focused High Quality Asset Base: Blackspur’s operations include high quality, producing assets in Alberta Canada with an oil weighted reserve base: Net Reserves [Read more]
Advantage Announces Revised 2021 Guidance, 2020 Year-End Results, and Reserves Highlights
CALGARY, AB, Feb. 25, 2021 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce increased 2021 production guidance, reduced 2021 capital guidance, and 2020 year-end results and reserves highlights. Results from Advantage's 2020 drilling program have exceeded expectations both in costs and well performance, positively impacting our 2020 reserves, financial outlook and 2021 guidance. Drilling in 2020 was entirely gas-focused at Glacier, with the first [Read more]
Razor Energy Corp. Announces 2020 Year-End Reserves and Operational Outlook
CALGARY, Alberta, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to provide a summary of its 2020 year-end reserves evaluation and an updated operational outlook. The highlights and reserves summary below set forth Razor’s gross reserves at December 31, 2020, as evaluated by Sproule Associates Limited (“Sproule”), qualified reserves evaluators, in an independent report dated February 19, 2021 (the “Sproule Report”). The figures in the [Read more]
Pembina Pipeline Corporation announces share repurchase program
CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today the acceptance by the Toronto Stock Exchange (the "TSX") of Pembina's notice to commence a normal course issuer bid (the "NCIB") to purchase up to five percent of its outstanding common shares. Under the NCIB, purchases of common shares may be made through the facilities of the TSX, the New York Stock Exchange and/or alternative Canadian trading systems, commencing on March 2, 2021 [Read more]
Alberta sees budget deficit narrowing to C$18 bln as oil prices recover
The province of Alberta on Thursday estimated its 2021/22 budget deficit will shrink to C$18.2 billion, as its economy starts to recover from the damage wrought by the coronavirus pandemic. Alberta's 2020/21 deficit stood at C$20.2 billion, compared with a C$24.2 billion deficit projected in August, as recovering crude oil prices help the province narrow its deficit. Still, the deficit is larger than the historical trend, reflecting the impact of pandemic spending. Finance minister [Read more]