By: Heidi McKillop and Terry Etam Hi Joe, We can’t call you President Joe, not quite yet, even though it appears the Donald has finally thrown in the towel. Wow, he went out with a bang, didn’t he? But on to bigger things. We wanted to send you greetings from Canada. Since you’re new to the helm, and international relations have never been more important, we’ll start off with an apology, for that burning of the White House thing, a long time ago. Sorry about that. You know what it is [Read more]
Headlines
Private company seeking operating partner for Central Alberta oil pool development
Private company looking for a suitable operating partner in the development of a shallow depth, ~1mmbbl medium gravity oil pool in Central AB. The project includes land, discovery well with over a year of production history, and associated single well battery and gas pipeline tie-in. Plans include reactivation of the existing well and up to six vertical offset drilling locations. The ideal candidate will be a small, private, financially stable, capable operator with existing operations in [Read more]
MEG Energy announces US$600 Million offering of senior unsecured notes
CALGARY, AB - MEG Energy Corp. ("MEG" or the "Company") (TSX: MEG) announced today that, subject to market and other conditions, it plans to commence a private offering (the "offering") of US$600 million in aggregate principal amount of senior unsecured notes due 2029 (the "notes"). MEG intends to use the net proceeds of the offering, if completed, and cash on hand to (i) redeem in full its US$600 million aggregate principal amount of 7.0% senior unsecured notes due March 2024 (the "2024 [Read more]
MEG Energy announces preliminary 2020 fourth quarter and full year financial and operating data
CALGARY, AB - MEG Energy Corp. ("MEG" or the "Company") (TSX: MEG) announced today its preliminary estimates of expected ranges of certain financial and operating data for the three months and year ended December 31, 2020. The table below presents management's preliminary estimates, based on the information and data currently available to management, of expected ranges of certain financial and operating data for the three months and year ended December 31, 2020. The line items in the table [Read more]
Pembina Pipeline announces binding open season on Cochin Pipeline
CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that PKM Cochin ULC and Pembina Cochin LLC have launched an open season to obtain binding commitments for the transport of light condensate on the Cochin Pipeline. The open season begins January 19, 2021 at 8 a.m. MST and closes on February 18, 2021 at 5 p.m. MST. Further information regarding the open season is available on the Customer page of Pembina's website or by [Read more]
Freehold Royalties Ltd. Announces New President and Chief Executive Officer
CALGARY, Alberta, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (“Freehold”) (TSX:FRU) is pleased to announce that it has appointed David Spyker as its new President and Chief Executive Officer. Mr. Spyker joined Freehold as Vice-President, Production in November 2016 and was appointed Chief Operating Officer in March 2019. Since September 2020 Mr. Spyker has served as Freehold's Interim President and Chief Executive Officer. Mr. Spyker has over 30 years of industry experience. He [Read more]
Vermilion Energy Inc. Announces 2021 Budget
CALGARY, AB, Jan. 18, 2021 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to announce its 2021 exploration and development ("E&D") capital budget and associated production guidance. Highlights E&D capital budget of $300 million is a balanced and disciplined budget focused on maximizing returns and free cash flow ("FCF")(1) to facilitate debt reduction. Annual average production guidance of 83,000 to 85,000 [Read more]
Hillcrest Closes Private Placement
VANCOUVER, B.C. - TheNewswire - January 18, 2021 – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) (TSXV:HRH) (OTC:HLRTF), announces that it has closed a non-brokered private placement of up 25,340,000 units of the Company (the “Units”) at a price of $0.05 per Unit for gross proceeds of up to $1,267,000 (the “Offering”). Each unit consists of one common share (a “Share”) and one share purchase warrant (the “Warrant”). Each Warrant will be exercisable into an additional common share of [Read more]
Knowledge Energy Inc. – non-core property divestiture
Knowledge Energy Inc. (“Knowledge” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of certain non-core oil and natural gas interests located in Alberta, specifically in the Provost, Wildmere, Veteran, and Morningside areas west of the Fourth Meridian and in the Mirage, Sneddon and Bonanza areas west of the Sixth Meridian (the “Properties”). The Properties consist of both oil and natural gas producing wells along with high-quality prospective drilling [Read more]
Documents show Biden plans Day 1 order nixing Keystone XL
WASHINGTON, D.C. — Transition documents suggest president-elect Joe Biden plans to block the Keystone XL pipeline on his first day in the White House. The documents, seen by The Canadian Press, include a to-do list dated Wednesday that includes rescinding the construction permit signed by predecessor Donald Trump. Campaign officials promised in May that if elected, Biden would cancel the controversial cross-border project, but the timeline was never clear until now. The pipeline [Read more]