CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.06 per common share, payable in cash on October 15, 2020 to shareholders of record on September 30, 2020. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. PrairieSky is also pleased to provide an update on its previously announced normal course issuer bid (the "NCIB"). During the [Read more]
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Husky announces review of West White Rose project
Review will prioritize Husky’s balance sheet strength and financial resilience CALGARY, Alberta - Husky Energy (TSX:HSE) today announced a review of the West White Rose Project in the Atlantic region. The review follows the suspension of major construction activities in March due to the COVID-19 pandemic and the Company’s capital re-prioritization following the global economic downturn. “A full review of scope, schedule and cost of this project is critical, given the minimum one-year delay to [Read more]
ELM Inc. – Saskatchewan Accelerated Site Closure Program (ASCP) open for nominations
Licensees of oil and gas wells in Saskatchewan are now eligible to nominate inactive wells and facilities for funding for closure work through the ASCP using the Integrated Resource Information System (IRIS). Through this process, operators are also able to identify preferred contractors. Based upon the nominations, Saskatchewan Research Council will award the work to eligible service companies and pay them directly through the subsidy program. 105 Construction Ltd, a Flying Dust First [Read more]
Column: Danielle Smith is right: Alberta needs both spending discipline and fresh, forward economic thinking
As one of the vast migratory herd of Saskies that came west several decades ago in search of opportunity, I clearly remember crossing that very real border. Leaving the motherland in search of greener pastures wasn’t easy, but there were upsides, one of which was obvious within 3 feet west of Alsask. The surrounding terrain looked the same – endless rolling crop fields – but the road changed from a frost-heaved, cratered, patches-on-patches mess to what felt like a billiard-table. It was like a [Read more]
XI Technologies: Open Asset Evaluation for September 2020
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 the opportunities available and how they can be evaluated for A&D purposes. 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 [Read more]
Poll: Quebecers are fans of Western Canadian oil
MONTREAL - While it may surprise some observers, Quebecers are very open to developing their own oil resources. They also far prefer Western Canadian oil to foreign oil, according to an Ipsos poll conducted on behalf of the MEI and published today. Highlights: An overwhelming majority of Quebecers (71%) prefer to import their oil from Western Canada, versus just 8% who prefer American oil and 6% who want oil from another country. Half of Quebecers (50%) want the province to develop [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 Sep. 4 Class 3 Truck Drivers Roska DBO Fort St. John Sep. 4 Class 1 Truck Drivers Roska DBO Grande Prairie Sep. 4 Service Administrator Roska DBO Grande [Read more]
Freehold Royalties Ltd. announces resignation of president and chief executive officer
CALGARY, Alberta, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces that Thomas Mullane, President and Chief Executive Officer of the Company, has resigned effective as of today. David Spyker, Chief Operating Officer, has been appointed to the role of Interim President and Chief Executive Officer during the formal process of identifying a permanent Chief Executive Officer. Mr. Mullane joined Freehold in July 2012 and was appointed President [Read more]
Heavy discount narrows after Suncor cuts production outlook
Canadian heavy crude's discount versus West Texas Intermediate (WTI) tightened on Tuesday to the narrowest level since mid-July, after major producer Suncor Energy reduced its full-year production guidance, tightening supplies. Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $7.60 per barrel below WTI, according to NE2 Canada Inc. It settled on Friday at $8.70 under. Production outages and oil sands maintenance are limiting supplies and [Read more]
Obsidian Energy announces intention to launch exchange offer for Bonterra Energy
Creates a Cardium Champion with enhanced scale and relevance Accretive across all equity metrics resulting in significant per share value appreciation to the benefit of both Obsidian Energy and Bonterra shareholders Stabilize balance sheets, reduce debt and improve access to capital Up to C$100 million expected in identified financial, operational and other synergies over the first three years A far superior outcome compared to what either Obsidian Energy or Bonterra could achieve on a [Read more]