CALGARY, Alberta, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its third-quarter 2025 financial and operating results. The company generated approximately $2.1 billion in cash from operating activities, $2.5 billion of adjusted funds flow and $1.3 billion of free funds flow. Operating results in the quarter included record Upstream production of 832,900 barrels of oil equivalent per day (BOE/d)1 and record Downstream crude throughput of 710,700 [Read more]
Headlines
The great AI buildout shows no sign of slowing
A momentous week in the technology sector made it clear there is no sign the boom in building artificial intelligence infrastructure is slowing — despite the bubble talk. Nvidia, whose processors are the AI revolution's backbone, became the first company to surpass $5 trillion in market value. Microsoft and OpenAI inked a deal enhancing the ChatGPT maker's fundraising ability and OpenAI promptly started laying groundwork for an initial public offering that could value the company at $1 trillion. [Read more]
MEG Adjourns Special Meeting of Shareholders to Thursday, November 6, 2025 at 9:00 a.m. (Calgary Time)
Deadline for MEG Shareholders to deposit their proxies to vote on the Cenovus Transaction extended to Wednesday, November 5, 2025 at 9:00 a.m. (Calgary Time) As of today's date, of those MEG Shares represented by proxy or expected to be voted in person at the Meeting, 86% of all such MEG Shares, and 83% of all such MEG Shares, excluding the MEG Shares held by Strathcona, were FOR the Cenovus Transaction Deadline for MEG Shareholders to make an election with respect to their preferred [Read more]
MEG Energy adjourns shareholder vote on Cenovus offer citing regulatory inquiry
The board of Canadian oil sands company MEG Energy adjourned its expected shareholder vote Thursday on a buyout by Cenovus Energy, saying a regulatory inquiry has prompted the need to disclose additional information. The vote on the sale, which would have ended a months-long bidding saga for what is Canada's last pure-play oil sands producer, will take place on November 6 instead, MEG's board chair James McFarland said. The adjournment is being made with Cenovus' consent, he said, and will [Read more]
Oil heads for third monthly decline as strong dollar, ample supply weigh
Oil prices eased on Friday, heading for a third straight monthly decline, as a stronger dollar capped commodities gains while rising supply from major producers globally offset the impact of Western sanctions on Russian exports. Brent crude futures slipped 33 cents, or 0.51%, to $64.67 a barrel by 0027 GMT, while U.S. West Texas Intermediate crude was at $60.22 a barrel, down 35 cents, or 0.58%. "A stronger USD weighed on investor appetite across the commodities complex," ANZ analysts said [Read more]
MEG Energy adjourns to Nov 6 shareholder meeting to vote on Cenovus deal
MEG Energy's board of directors has adjourned a shareholders' meeting to vote on a buyout by Cenovus Energy to November 6, its chairman said on Thursday. The adjournment, which has Cenovus' consent, will allow time to disclose information on a previously announced asset transfer between Strathcona and Cenovus, board chair James McFarland said in a broadcast on Thursday evening. (Reporting by Chris Thomas in Mexico City; Editing by Rashmi Aich) [Read more]
Canada’s heavy oil finds new fans as global demand rises
Analyst says WCS price boost reflects global shortage By Will Gibson on October 30, 2025, 12:31 pm MDT Worker at an oil sands SAGD well pad in northern Alberta. Photo courtesy Strathcona Resources Once priced at a steep discount to its lighter, sweeter counterparts, Canadian oil has earned growing admiration—and market share—among new customers in Asia.Canada’s oil exports are primarily “heavy” oil from the Alberta oil sands, compared to oil from more conventional “light” plays [Read more]
Gran Tierra Energy Inc. Reports Third Quarter 2025 Results and Announces Further Exploration Success in Ecuador
Gran Tierra Secures $200 Million Prepayment Facility Highlighting Strength of Portfolio Increase and Extension of Canadian Credit Facility Three Major Ecuador Discoveries Add to the Existing Success in Country Colombia’s Southern Putumayo Cohembi Field Achieves Highest Production in a Decade CALGARY, Alberta, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE: GTE) announced the Company’s financial [Read more]
Petrus Resources Announces Monthly Activity Update
CALGARY, Alberta, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT: Ken [Read more]
Baytex Delivers Solid Third Quarter 2025 Results with Record Pembina Duvernay Production and Strong Free Cash Flow
Calgary, Alberta--(Newsfile Corp. - October 30, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") reports its operating and financial results for the three and nine months ended September 30, 2025 (all amounts are in Canadian dollars unless otherwise noted). "Baytex delivered solid third-quarter results highlighted by record production in the Pembina Duvernay, strong free cash flow generation, and further progress on debt reduction," said Eric T. Greager, [Read more]
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