In today's fascinating new media world, where social media updates us every second on anything relevant, our attention span gets weird. Especially under lockdown, when those streams are our only entertainment that isn't on Netflix. Things I pay attention to in the ‘news’ are bifurcated, or maybe tri-furcated: sensational, bombastic stories like for example anything Trump did; localized things that impact my little world directly; and pictures of gorgeous beaches that it feels like I’ll never see [Read more]
Headlines
Perpetual Energy Inc. receives Alberta Court of Appeal judgment relating to the Sequoia Disposition
CALGARY, AB - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") today received the Alberta Court of Appeal's (the "Court of Appeal") judgment (the "Court of Appeal Judgment") with respect to the appeals heard by the Court of Appeal on Dec. 10, 2020 relating to the sale by Perpetual of legacy shallow gas properties in October 2016 to an arm's length third-party purchaser after an extensive and lengthy marketing, due diligence and negotiation process (the "Sequoia [Read more]
Topaz Energy Corp. announces strategic water infrastructure acquisition in the Alberta Montney
CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that it has entered into a strategic alliance with a private midstream water company ("Co-Venturer"), and together, entered into definitive agreements to each acquire a working interest in certain water infrastructure assets from an E&P producer ("Producer") along with a long-term fixed take-or-pay water disposal agreement whereby the Producer retains operatorship and obtains committed access to [Read more]
Enerplus announces $115 million bought deal offering of common shares
CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) is pleased to announce that it has entered into a bought deal financing with a syndicate of underwriters (the "Underwriters") led by RBC Capital Markets and BMO Capital Markets. Enerplus will issue 28,750,000 common shares ("Common Shares") at a price of $4.00 per Common Share for gross proceeds of approximately $115 million (the "Offering"). The underwriters will have an option to purchase up to an [Read more]
Enerplus agrees to acquire Williston Basin operator, enhancing value for shareholders and accelerating free cash flow generation; provides preliminary 2020 results and 2021 guidance
CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) today announced that it has entered into a definitive agreement to acquire all of the shares of Bruin E&P HoldCo, LLC ("Bruin"), a pure play Williston Basin private company, for total cash consideration of US$465 million (the "Acquisition"). KEY HIGHLIGHTS Core area acquisition improving scale – Acquiring 151,000 net acres in the Williston Basin, including 30,000 net acres contiguous with Enerplus' [Read more]
Gibson Energy confirms 2020 fourth quarter and year-end earnings release date and provides conference call & webcast details
CALGARY, Alberta - Gibson Energy Inc. announced today that it expects to release its 2020 fourth quarter and year-end financial and operating results on Monday, February 22, 2021 after the close of North American markets. The 2020 fourth quarter and year-end management's discussion and analysis and audited consolidated financial statements will be available on the Company's website at www.gibsonenergy.com and on SEDAR at www.sedar.com. Earnings Conference Call & Webcast Details A [Read more]
Canadian crude-by-rail exports surge 87% to 170,000 barrels per day in November
CALGARY - Canadian exports of crude oil by rail jumped 87% in November as oil production rose in Western Canada amid limited pipeline capacity for heavy crude. The Canada Energy Regulator says rail shipments of oil amounted to 173,000 barrels per day, up about 80,000 bpd from 92,800 barrels per day in October. That's down from 302,300 barrels per day shipped by rail in November 2019. Crude-by-rail numbers have been volatile in the past year, with shipments rising to a record 412,000 bpd [Read more]
You’re invited to attend CAODC’s Virtual Town Hall with Saskatchewan Minister of Energy and Resources, the Honourable Bronwyn Eyre
Join the CAODC on Tuesday, February 9, for a Virtual Town Hall with Saskatchewan Minister of Energy and Resources, the Honourable Bronwyn Eyre. At this event you’ll hear an address from the Honourable Brownwyn Eyre followed by a Q&A facilitated by CAODC President & CEO Mark A. Scholz. Cost per ticket for non-members: $25.00 + tax. Register for the event here. [Read more]
Pembina Pipeline Corporation announces closing of hybrid note offering and redemption of Series 11 preferred shares
CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL); (NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $600 million of 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 25, 2081 (the "Offering"). The Company also announced its intention to redeem its issued and outstanding Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 11 (TSX: PPL.PR.K) (the "Series 11 Shares") on March 1, [Read more]
Canada’s Trans Mountain pipeline sees fortunes shine after KXL’s demise
The expansion of Canada's government-owned Trans Mountain pipeline assumes greater importance for the oil sector after the cancellation of rival Keystone XL reduced future options to carry crude, potential buyers say. Trans Mountain Corp, a government corporation, is spending C$12.6 billion ($9.9 billion) to nearly triple capacity to 890,000 barrels per day (bpd), a 14% increase from current total Canadian capacity. Prime Minister Justin Trudeau's government bought the 68-year-old pipeline [Read more]