Month: October 2024

CALGARY, AB, Oct. 31, 2024 /CNW/ – Rubellite Energy Inc. (TSX: RBY) (“Rubellite”) and Perpetual Energy Inc. (TSX:PMT) (“Perpetual”) are pleased to jointly announce that today they have completed their previously announced strategic recombination transaction (the “Recombination”) creating “Rubellite Energy Corp.”. With increased size, scale, greater financial liquidity, enhanced flexibility and operations carried on by its subsidiaries, Rubellite Energy Corp. will … Read more

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it has agreed to issue $350 million of 4.45% senior unsecured notes due November 12, 2031 (the “Notes”). The offering is expected to close on November 12, 2024, … Read more

Calgary, Alberta–(Newsfile Corp. – October 31, 2024) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) reports its operating and financial results for the three and nine months ended September 30, 2024 (all amounts are in Canadian dollars unless otherwise noted). “During the third quarter we generated $220 million of free cash flow, returned $101 million … Read more

/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, Oct. 31, 2024 /CNW/ – Highwood Asset Management Ltd., (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce an operational update and appointment of Ray Kwan to the Board of Directors. Operational Update Highwood drilled its first well within the Basal Belly River horizon at Brazeau, which … Read more

Calgary, Alberta–(Newsfile Corp. – October 31, 2024) – Canadian Natural’s (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company’s third quarter results, “Our unique and diverse asset base provides us with a competitive advantage, as we can allocate capital to the highest return projects without being reliant on any one commodity. Our consistent … Read more

CALGARY, AB, Oct. 31, 2024 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce its unaudited financial and operating results for the three and nine months ended September 30, 2024. Selected financial and operating information should be read with Tamarack’s unaudited consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the … Read more

CALGARY, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its financial and operating results for the third quarter of 2024. The company generated nearly $2.5 billion in cash from operating activities, $2.0 billion of adjusted funds flow and $614 million of free funds flow in the quarter. Upstream production … Read more

The Company Expects 2024 Normalized EBITDA to be in the Upper End of Guidance Range, Based on Strong Utilities and Midstream Performance CALGARY, AB, Oct. 31, 2024 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) reported third quarter 2024 financial results and provided an update on its operations and other corporate developments. HIGHLIGHTS (all financial figures are unaudited … Read more

CALGARY, AB, Oct. 30, 2024 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX: YGR) announces its financial and operating results for the three and nine months ended September 30, 2024. Operations Update Yangarra started up the drilling program in late July after a period of reduced activity in the second quarter and expects a very active fourth quarter for … Read more

Higher third quarter funds flow from operations of $124.7 million ($1.64 per share) — a 34 percent increase over the third quarter of 2023 on a per share basis 2024 average production expected to be at the top end of guidance range Robust Clearwater exploration/appraisal drilling results at West Dawson establishes new development field Calgary, Alberta–(Newsfile … Read more

Adjusted EBITDA1 of $127 million ($0.53 per basic share1) Reaffirming 2024 full year Adjusted EBITDA guidance at top end of previous range provided of $470 – $490 million Discretionary Free Cash Flow1 of $90 million used to self-fund growth, share buybacks and dividends in the quarter September 30, 2024 Total Debt to EBITDA ratio2 of 1.1x (0.9x excluding leases) providing significant flexibility to execute strategic priorities Shareholder … Read more

CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that Ryan Rawlyk has resigned as President and Chief Executive Officer of Prairie Provident to pursue other interests. In conjunction with Mr. Rawlyk’s resignation, the Company announces the appointment of Dale Miller as Executive Chairman, succeeding Patrick McDonald … Read more

CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) — Razor Energy Corp. (and together with its wholly-owned subsidiaries, Blade Energy Services Corp. and Razor Holdings GP Corp., collectively (unless the context requires otherwise), the “the Corporation” or “Razor”) announces its intention to complete a sale transaction and ancillary steps (collectively, the “Transaction”) pursuant to a Subscription Agreement, dated October … Read more

Calgary, Alberta–(Newsfile Corp. – October 29, 2024) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company”) is pleased to announce its third quarter results for 2024. The following news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), the unaudited condensed consolidated interim financial statements and related notes for the … Read more

CALGARY, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. … Read more

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today its financial and operating results for the three and nine months ended September 30, 2024. “Gibson delivered strong results in the third quarter, driven by the continued strength and … Read more

The Company has acquired six sections of mineral rights in the Cold Lake Oil Sands Area with approximately 40 unbooked horizontal drilling locations targeting the Mannville Stack and achieved record production after its two-well Killam drilling program CALGARY, AB, Oct. 28, 2024 /CNW/ – Westgate Energy Inc. (“Westgate” or the “Company“) (TSXV: WGT), a high-growth junior exploration and … Read more

CALGARY, Alberta, Oct. 28, 2024 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its third quarter (“Q3 2024”) operating and financial results for the three-month period ended September 30, 2024. Third Quarter Highlights: Royalty production revenues of $111.5 million combined with other revenues of $5.8 million to generate total … Read more

Calgary, Alberta – TheNewswire – October 24, 2024 – Avila Energy Corporation (“Avila” or “Company”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), announces that it has settled its matter of with the Alberta Securities Commission (“ASC”) for misleading disclosure (“Settlement Agreement”). The ASC has concluded a Settlement Agreement and Undertaking with Avila and its former CEO Leonard Van Betuw … Read more

CALGARY, AB, Oct. 25, 2024 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that it has priced an offering of $400 million aggregate principal amount of senior unsecured notes due November 1, 2029 (the “Notes”). The Notes will be issued at par for gross proceeds of $400 million and will … Read more

HOUSTON, Oct. 24, 2024 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported the signing of definitive agreements to form a joint venture in the Garrington and Harmattan areas of Alberta, Canada, in the Western Canadian Sedimentary Basin. In partnership with a leading Calgary-based private operator, Epsilon will earn a 25% working … Read more

CALGARY, AB, Oct. 24, 2024 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to report 2024 third quarter financial and operating results including record production, strong liquids performance, and lower operating costs. 2024 Third Quarter Financial Highlights Cash provided by operating activities of $46.7 million. Adjusted funds flow (“AFF”)(a) of $54.7 million or $0.33/share(a) for Advantage(b) and $52.3 million or $0.31/share (a) consolidated. Cash used in investing activities … Read more

CALGARY, Alberta, Oct. 24, 2024 (GLOBE NEWSWIRE) — Prospera Energy Inc. (“PEI”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B) The 2024 Prospera corporate update outlines the company’s restructuring efforts since 2021, highlighting key milestones achieved, challenges faced, and the strategic path forward to achieve production stability and profitability. Preamble: By the end of 2020 Prospera faced … Read more

CALGARY, AB, Oct. 23, 2024 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2024. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and … Read more

Calgary, Alberta–(Newsfile Corp. – October 22, 2024) – Suncor Energy (TSX: SU) (NYSE: SU) will release its third quarter financial results on November 12, 2024 before 5:00 p.m. MT (7:00 p.m. ET). A webcast to review the third quarter will be held on November 13, 2024 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will … Read more

CALGARY, AB, Oct. 22, 2024 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce that it has completed its previously announced bought-deal equity financing (the “Equity Financing”) of common shares (“Common Shares”). Pursuant to the Equity Financing, Topaz issued 7,000,000 Common Shares, in addition to 1,050,000 Common Shares issued pursuant to the exercise … Read more