Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the first quarter ended March 31, 2021. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2021 2020 % Petroleum and natural gas sales 59,835 70,918 -16 Cash provided by [Read more]
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InPlay Oil Corp. announces first quarter 2021 financial and operating results
CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2021. InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2021 will be available at “www.sedar.com” and our website at “www.inplayoil.com”. First Quarter 2021 Financial & Operating [Read more]
Hemisphere Energy provides an operations update on its Atlee Buffalo polymer project
Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQB: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its Upper Mannville G pool polymer project in the Atlee Buffalo area of southeast Alberta. Hemisphere has made significant progress on the construction work at its G pool facility that will allow the Company to convert its currently active waterflood into a polymer flood. Hemisphere is awaiting the delivery of its specialized polymer skid, [Read more]
Canadian Natural Resources Limited announces 2021 first quarter results
Calgary, Alberta - Commenting on the Company's first quarter 2021 results, Tim McKay, President of Canadian Natural stated "The COVID-19 pandemic continues to challenge our everyday living and the way we operate our businesses. With our strong measures in place we have minimized impacts on our operations, but it remains a daily challenge for our field staff to do it safe and do it right. As the global vaccine distribution increases and crude oil demand recovers, especially in the United States, [Read more]
Pine Cliff Energy Ltd. Announces First Quarter 2021 Results
Calgary, Alberta--(Newsfile Corp. - May 5, 2021) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its first 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 months ended March 31, 2021 (the "Q1-Report"). Selected highlights are shown below and should be read in conjunction with the [Read more]
ARC Resources Ltd. Reports First Quarter 2021 Results and Provides 2021 Guidance
CALGARY, AB, May 5, 2021 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its first quarter 2021 financial and operational results and 2021 guidance following the successful close of its strategic Montney combination (the "Business Combination") with Seven Generations Energy Ltd. ("Seven Generations"). FIRST QUARTER 2021 HIGHLIGHTS On February 10, 2021, ARC and Seven Generations announced a definitive agreement to combine in an all-share [Read more]
Tourmaline delivers record production, cash flow and free cash flow in Q1 2021
CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the first quarter of 2021. HIGHLIGHTS First quarter cash flow(1) was a record $629.3 million ($2.11/fully diluted share). Tourmaline generated record free cash flow(2) of $233.5 million in the first quarter of 2021, which was utilized to fund the dividend increase announced in the March 10, 2021 year-end press release and to reduce net debt(3) by [Read more]
Gear Energy Ltd. announces first quarter 2021 operating results
CALGARY, AB - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) is providing the following first quarter operating update to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended March 31, 2021 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended (Cdn$ thousands, except per share, share and per boe amounts) Mar [Read more]
Premier of Alberta under fire as COVID-19 surges
Alberta Premier Jason Kenney's mixed public-health messaging as the province grapples with a third wave of the COVID-19 pandemic is undermining efforts to tackle the outbreak, experts say, while infuriating voters across the political spectrum. Canada's oil-rich western province has the highest COVID-19 rates in North America per capita sharp increase. The COVID-19 resurgence is stoking frustration towards United Conservative Party leader Kenney, who throughout the pandemic has tried to [Read more]
Oil prices rise after steep drop in U.S. crude inventories
Oil prices rose on Wednesday, extending gains from the previous session after industry data indicated U.S. crude stocks fell much more than expected last week, reinforcing bullish views on fuel demand in the world's largest economy. U.S. West Texas Intermediate (WTI) crude futures rose 34 cents, or 0.52%, to $66.46 a barrel. Brent crude futures were up 25 cents, or 0.26%, at $69.70 barrel after touching a more than seven-week high of $69.78 earlier in the session. Both benchmark [Read more]