Oil prices held largely steady on Thursday after the International Energy Agency lowered its 2020 oil demand forecast following unprecedented travel restrictions and data showing a decline in U.S. inventories provided some support. West Texas Intermediate (WTI) was down 1 cent, or less than 0.1%, at $42.66 a barrel. Brent crude fell 8 cents, or 0.2%, to $45.35 a barrel. “The oil market enjoys some calm summer weeks, seemingly taking a break from the turbulent times earlier this year,” [Read more]
Headlines
Pan Orient Energy Corp. 2020 second quarter financial & operating results
CALGARY, AB - Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSXV: POE) reports 2020 second quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day. The Company is today filing its unaudited consolidated financial statements as at and for the six months ended June 30, 2020 and related management's discussion and analysis with Canadian securities regulatory [Read more]
Tidewater Midstream and Infrastructure Ltd. announces second quarter 2020 results and operational update
CALGARY, AB - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the three and six-month period ended June 30, 2020. SECOND-QUARTER 2020 FINANCIAL PERFORMANCE Highlights Adjusted EBITDA increased by $20.1 million to $41.9 million in the second quarter of 2020 as compared to $21.8 million in [Read more]
Painted Pony announces second quarter financial and operating results
CALGARY, Alberta - Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation”) (TSX: PONY) announces second quarter 2020 financial and operating results. HIGHLIGHTS Announced an agreement to be acquired by Canadian Natural Resources Limited for $0.69 per share, representing a 30% premium to the 20-day volume weighted average price of $0.53 per share at the time of the announcement on Monday, August 10, 2020; Averaged daily production of 305,058 Mcfe/d (50,843 boe/d) during the [Read more]
Tamarack Valley Energy Ltd. announces 2020 second quarter results
CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to announce its financial and operating results for the three and six month periods ended June 30, 2020. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack's unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2020 and related management's discussion and analysis ("MD&A") which are available on [Read more]
Peyto Announces Q2 2020 results
CALGARY, Alberta - Peyto Exploration & Development Corp. (“Peyto” or the “Company”) presents its operating and financial results for the second quarter of the 2020 fiscal year. The economic impact of the COVID-19 pandemic on world energy demand and consequently North American commodity prices was considerable in the quarter, and while Peyto’s industry leading costs structure helped shield some of the financial impact, the Company still experienced the lowest realized commodity prices and [Read more]
Prairie Provident Resources announces second quarter 2020 financial and operating results
CALGARY, Alberta - Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") today announces our financial and operating results for the three and six months ended June 30, 2020. PPR’s unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2020 (“Interim Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2020 are available on our website at [Read more]
Freehold Royalties Ltd. announces second quarter 2020 results
CALGARY, Alberta - Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces second quarter results for the period ended June 30, 2020. Results at a Glance Three Months Ended June 30 Six Months Ended June 30 FINANCIAL ($000s, except as noted) 2020 2019 Change 2020 2019 Change Royalty and other revenue 14,758 35,333 -58 % 41,042 70,942 -42 % Net income [Read more]
Heavy discount narrows as pipelines run below capacity
Canadian heavy crude's discount narrowed versus West Texas Intermediate (WTI) on Wednesday, as pipelines continued to run below capacity, despite increasing oil production. Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, traded at $10.25 per barrel below WTI, according to NE2 Canada Inc. It settled the previous day at $11.40 under. The Enbridge Mainline has refilled much of the space that opened in spring when producers curtailed oil production, [Read more]
Birchcliff Energy Ltd. announces Q2 2020 financial and operational results
CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its financial and operational results for the three and six months ended June 30, 2020. Birchcliff’s unaudited interim condensed financial statements for the three and six months ended June 30, 2020 and related management’s discussion and analysis (the “MD&A”) will be available on its website at www.birchcliffenergy.com and on SEDAR at www.sedar.com. Birchcliff is also pleased to [Read more]