Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. When scoping for acquisitions, it’s not enough to examine the potential profit of an acquisition or investment opportunity. The role and importance of liabilities continue to grow in North America, both as a result of an increased [Read more]
Headlines
Oil climbs on solid demand outlook as market awaits fresh cues
Oil prices moved up on Wednesday after a drop in U.S. crude inventories reinforced OPEC's robust demand outlook, while the market awaited fresh updates on the Colonial Pipeline outage. U.S. West Texas Intermediate (WTI) crude futures rose 75 cents, or 1.17%, to $66.24 a barrel, adding to a 36 cent rise on Tuesday. Brent crude futures climbed 87 cents, or 1.27% to $69.51 a barrel, adding to a 23 cent gain on Tuesday. Data from the American Petroleum Institute industry group showed U.S. [Read more]
Crescent Point announces Q1 2021 results
CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2021. KEY HIGHLIGHTS Reduced net debt by over $135 million in first quarter, driven by continued excess cash flow generation. Successfully closed accretive acquisition of Kaybob Duvernay assets, further enhancing free cash flow profile. Expect to generate significant excess cash flow of [Read more]
Questerre reports first quarter 2021 results
CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the first quarter ended March 31, 2021. Michael Binnion, President and Chief Executive Officer, commented, “We started to add zero emissions hydrogen and carbon capture and storage to our Clean Tech Energy project in the quarter. We are also evaluating other carbon recycling technologies that use carbon dioxide [Read more]
Prairie Provident Resources Announces First Quarter 2021 Results and Successful First Half 2021 Drilling Program
CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") today announces our financial and operating results for the three months ended March 31, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2021 (“Interim Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2021 are available on our website [Read more]
NuVista Energy Ltd. Announces Positive First Quarter 2021 Financial and Operating Results
CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce financial and operating results for the three months ended March 31, 2021, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. This was a successful quarter for NuVista, with results that included the startup of the new Pipestone North compressor station facility ahead of schedule [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location May. 11 Oil & Gas - Camp Attendant Roska DBO Grande Prairie May. 11 Senior Contract Analyst Emergy Personnel Inc. Calgary May. 11 Labourers, Pipefitter [Read more]
Bonterra Energy Corp. announces first quarter 2021 results
CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today announces its operating and financial results for the three month period ended March 31, 2021. The related unaudited condensed financial statements and notes, as well as management's discussion and analysis ("MD&A"), are available on SEDAR at www.sedar.com and on Bonterra's website at www.bonterraenergy.com. HIGHLIGHTS As at and for the three months ended March [Read more]
Freehold Royalties Ltd. announces first quarter 2021 results and increases dividend by 33%
CALGARY, Alberta - Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2021. OPERATING AND FINANCIAL HIGHLIGHTS Three Months Ended March 31 FINANCIAL ($000s, except as noted) 2021 2020 Change Royalty and other revenue 36,745 26,284 40 % Net income (loss) 5,635 (9,022 ) nm Per share, basic ($) (1) 0.04 (0.08 ) nm Cash flows from [Read more]
Canada says U.S. ties could be undermined if Michigan shuts pipeline
A day before Michigan's deadline to close down a key crude oil pipeline, Canada issued its strongest remarks so far, saying the move could undermine relations with the United States, its closest ally and trading partner. Canadian company Enbridge Inc is preparing for a legal battle with Michigan and courting protests from environmental groups, betting it can ignore the state's Wednesday deadline to shut down Line 5, which runs under the Straits of Mackinac. The Canadian government said in [Read more]