CALGARY, AB - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) is pleased to provide the following second 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 June 30, 2020 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Six months ended (Cdn$ thousands, [Read more]
Headlines
Heavy discount widens to 3 1/2-month high as supplies return
Canadian heavy crude's discount widened to a 3-1/2-month high versus West Texas Intermediate (WTI) on Wednesday, driven by increasing oil production. Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, traded at $12 per barrel below WTI, according to NE2 Canada Inc. It settled the previous day at $11.15 under. Canadian producers are moving to restore much of the production that they shut in as prices improve. Supply looks to near recent highs by [Read more]
Husky Energy announces notes offering
CALGARY, Alberta - Husky Energy (TSX: HSE) has agreed to issue pursuant to a public offering $1.25 billion Cdn of notes, which will mature on February 7, 2028 (the “2028 Notes”). The 2028 Notes have a coupon of 3.50% and have been rated BBB(high) with a negative trend by DBRS Limited, BBB by Standard & Poor’s, a division of S&P Global Inc., and Baa2 by Moody’s Investor Services Inc. The net proceeds of this offering will be used for general corporate purposes, which may include, among [Read more]
Oil prices at 5-month high on big drop in U.S. crude stocks
Oil prices rose to their highest since early March on Wednesday after data showed a big drop in U.S. crude inventories, although concerns that mounting coronavirus infections will lead to reduced fuel demand capped gains. West Texas Intermediate oil rose $1.75, or 4.22%, to $43.22 a barrel. Brent crude was up $1.61, or 3.63%, at $45.94 a barrel. U.S. crude inventories fell 8.6 million barrels in the week to Aug. 1 to 520 million barrels, compared with analysts' expectations for a 3 [Read more]
Keystone XL announces project labor agreement with four U.S. unions
Creates Multi-Million Dollar Training Program for Renewable Energy Sector HOUSTON - Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that Keystone XL has reached a project labor agreement (PLA) with four leading U.S. labor unions that will inject hundreds of millions of dollars in middle-class wages into the American economy, while ensuring this pipeline will be built by the highest-skilled and highest-trained workforce. TC Energy is also working with labor [Read more]
XI Technologies: Open Asset Evaluation for August 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 [Read more]
Pipestone Energy Corp. announces a $70 Million convertible preferred share financing transaction to fund an accelerated development plan, and announces its annual and special meeting of shareholders
CALGARY, Alberta - Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to announce that it has entered into subscription agreements with Riverstone V EMEA Holdings Cooperatief U.A. (“Riverstone”), GMT Capital Corp. (“GMT Capital”), and GMT Exploration Company LLC (“GMT Exploration” and collectively with Riverstone and GMT Capital, the “Investors”) in respect of the financing (the “Financing”). Pursuant to the terms of the subscription agreements, the Investors have agreed to [Read more]
Bonavista Obtains Final Court Order Approving its Recapitalization Transaction
Calgary, Alberta - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that, in connection with the previously announced recapitalization transaction (the "Recapitalization Transaction") described in the Company's management information circular dated July 2, 2020, the Company has obtained a final order (the "Final Order") from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Canada Business Corporations Act (the "Plan of [Read more]
Journey Energy Inc. reports its second quarter 2020 financial and operating results
CALGARY, AB - Journey Energy Inc. (TSX: JOY) ("Journey" or the "Company") announces its financial and operating results for the three and six month periods ending June 30, 2020. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2020 and 2019 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. SECOND QUARTER 2020 HIGHLIGHTS Highlights for the second quarter are as follows: Achieved production of [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 Jul. 30 Health and Safety Manager Implementation, Safety Practices, Programs & System TC Energy Calgary Jul. 30 Mineral Land Administrator (13 month [Read more]