CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release its operating and financial results for the third quarter of 2020. HIGHLIGHTS Two strategic corporate acquisitions, Modern Resources Inc. ("Modern") and Jupiter Resources Inc. ("Jupiter"), providing an additional 76,000 boepd of current production, significant accretive cash flow(1) and free cash flow(2). Follow-on sale of a gross overriding royalty ("GORR") on the Modern and Jupiter [Read more]
Headlines
Corporate divestiture: Rake Resources Ltd
Rake Resources Ltd. (“Rake” or the “Company”) has engaged Sayer Energy Advisors to assist it with a sale of the shares of the Company. Rake is a private company with over 30 years of history operating oil and natural gas properties in southeastern Saskatchewan. Rake has one shareholder, no severance obligations, no employees and a minimal office lease obligation. Rake currently has approximately $350,000 in positive working capital. Additional corporate information relating to Rake will [Read more]
Oil falls as market awaits U.S. vote results
Oil prices fell on Tuesday as traders were bracing for volatility depending on the voting results and as surging coronavirus cases around the world fed worries about fuel demand. U.S. West Texas Intermediate (WTI) crude fell 22 cents, or 0.6%, to settle at $37.85. Brent futures rose 6 cents, or 0.1%, to settle at $40.04 a barrel. The oil price moves came ahead of data expected to show U.S. crude stockpiles rose 900,000 barrels last week after gaining 4.3 million barrels in the prior [Read more]
Column: Exciting developments in the woods – tree-planting initiatives are just getting on with it
There are a lot of organizations out there. The world is flooded with them, and the sheer number indicates a paradox: If everything is being organized so thoroughly, why is the world in such complete chaos? By the time you read this, the US election may be taking the word chaos to dizzying new heights, brought to you by even more organizations. Despite that philosophical conundrum, there are still new ones popping up that are more than welcome. Below are a few that actually have some appeal. [Read more]
XI Technologies: Open Asset Evaluation for November 2020
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. Succeeding in oil and gas M&A comes down to how well and how quickly you can analyze potential opportunities. Once a month, XI Technologies will apply its evaluation tools to a currently available asset to give readers a sense of [Read more]
LISTEN: Canadian Gas Dialogues 2020 – LNG opportunities
LNG Canada and Woodfibre LNG represent Canada’s vanguard on the international LNG stage, but more is yet to come. From ISO shipments out of Vancouver to world-scale projects on the drawing board in Quebec and Nova Scotia, Canada has the potential to play a leading role delivering the world’s cleanest LNG to global markets. What needs to be done to make sure that potential is reached? Moderator: Cameron Gingrich, Managing Partner – Markets and Strategy, Incorrys Panel: Allan Fogwill, [Read more]
Pine Cliff Energy Ltd. Announces Third Quarter 2020 Results
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its third quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2020 (the "Q3-Report"). Selected highlights are shown below and should be read in conjunction with the Q3-Report. Third [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 Nov. 2 Senior Pipeline Project Engineer PetroChina Canada Calgary Nov. 2 Field Operator Roska DBO Fort St. John Oct. 31 Manager, Risk Financing TC [Read more]
Keyera announces 2020 third quarter results
CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") announced its 2020 third quarter financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera's website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera's website or Keyera's filings on SEDAR at www.sedar.com. HIGHLIGHTS Keyera delivered solid financial results in the third quarter even though the global economy and [Read more]
Surge Energy Inc. announces third quarter financial and operating results
CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has received lender approvals for a total of $90 million in new credit commitments to the Company, subject to final documentation. These commitments include: a new term loan facility (the "Term Facility") led by the Business Development Bank of Canada ("BDC") in partnership with the Company's syndicate of lenders (the "Syndicate"), for a non-revolving facility of $40 million with [Read more]