Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Gear Energy Ltd. Announces Publication of Monthly Update to Shareholders

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CALGARY, AB, Feb. 25, 2021 /CNW/ – Gear Energy Ltd. (“Gear” or the “Company”) (TSX: GXE) is pleased to announce that its regular monthly update to shareholders is available on the Company’s website at https://gearenergy.com/updates/.

Since November of 2014 Gear has distributed a regular monthly update to shareholders via email that includes certain operational and financial information and regular insights from management on the Company and the industry in general. These updates are intended to provide investors knowledge of the status of their investment in Gear.

SOURCE Gear Energy Ltd.

View original content: http://www.newswire.ca/en/releases/archive/February2021/25/c3417.html… Continue Reading

SECURE Energy Announces Strong 2020 Discretionary Free Cash Flow of $96 Million

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CALGARY, AB, Feb. 25, 2021 /CNW/ – SECURE ENERGY Services Inc. (“SECURE”) (TSX: SES) reported today its operational and financial results for the three and twelve months ended December 31, 2020, highlighted by 2020 discretionary free cash flowi of $95.8 million.

The following press release should be read in conjunction with the Corporation’s management’s discussion and analysis (“MD&A”) for the three and twelve months ended December 31, 2020, and the audited consolidated financial statements and notes thereto for the years ended December 31, 2020 and 2019 which are available on SEDAR at www.sedar.com.

SECURE is also pleased … Continue Reading

Pembina Pipeline Corporation Announces Share Repurchase Program

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CALGARY, AB, Feb. 25, 2021 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) announced today the acceptance by the Toronto Stock Exchange (the “TSX”) of Pembina’s notice to commence a normal course issuer bid (the “NCIB”) to purchase up to five percent of its outstanding common shares.

Under the NCIB, purchases of common shares may be made through the facilities of the TSX, the New York Stock Exchange and/or alternative Canadian trading systems, commencing on March 2, 2021 and expiring on the earlier of March 1, 2022 and the date on which Pembina has acquired … Continue Reading

Western Energy Services Corp. Releases Fourth Quarter and Year End 2020 Financial and Operating Results

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CALGARY, AB, Feb. 25, 2021 /CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) announces the release of its fourth quarter and year end 2020 financial and operating results.  Additional information relating to the Company, including the Company’s financial statements and management’s discussion and analysis (“MD&A”) as at and for the year ended December 31, 2020 and 2019 will be available on SEDAR at www.sedar.com.  Non-International Financial Reporting Standards (“Non-IFRS”) measures, such as Adjusted EBITDA, and abbreviations and definitions for standard industry terms are defined later in this press release.  All amounts are denominated in … Continue Reading

Pembina Pipeline Corporation Reports Results for the Fourth Quarter and Full Year 2020

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Full year results reflect the resilience of Pembina’s diversified and highly contracted business; pre-pandemic adjusted EBITDA guidance achieved

All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”); cash flow from operating activities per common share; adjusted cash flow from operating activities; and adjusted cash flow from operating activities per common share. For more information see “Non-GAAP Measures” herein

CALGARY, AB, Feb. 25, 2021 /CNW/ – Pembina Pipeline … Continue Reading

Westport Fuel Systems and AVL Joint Paper Assesses Total Cost of Ownership for Hydrogen Internal Combustion Engines

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  • H2-HPDI the most capital-efficient, near-term means to use hydrogen, achieve near-zero CO2 emissions for heavy-duty trucking applications

    • This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated November 9, 2020 to its final short form base shelf prospectus for the Province of Quebec and its amended and restated final short form base shelf prospectus for each of the Provinces of Canada except Quebec, each dated October 27, 2020.

    VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX/Nasdaq: WPRT) a global leader in alternative fuel, low-emissions … Continue Reading

    NuVista Energy Ltd. Executes Non-Core Divestitures, Reduces Debt Significantly, and Provides Production and Operations Update

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    CALGARY, Alberta, Feb. 25, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce the divestiture of its non-core Charlie Lake and Cretaceous Unit assets (the “Wembley Assets”) in the Wembley area, as well as selected water infrastructure assets (the “Infrastructure Assets”) in the Wembley/Pipestone area, for total proceeds of $94 million prior to adjustments. There is no change to NuVista’s ownership in our core Montney assets in Pipestone, Wapiti, and the surrounding area, and no material change to our ownership in the Wembley gas plant.

    NuVista has entered into a definitive … Continue Reading

    Terrace Announces Proposed Recapitalization of Debts

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    VANCOUVER, BC, Feb. 25, 2021 /CNW/ – Terrace Energy Corp. (the “Company“) (TSXV: TZR) announces a proposed Plan of Arrangement (the “Arrangement“) under the the Business Corporations Act (British Columbia), pursuant to which its outstanding convertible secured notes due in April 2021 (the “Notes“), of which $33,470,000 in aggregate principal amount was outstanding as of February 16, 2021 (being the record date of the Meeting (as defined below)) and a guarantee claim in the amount of US$500,000 will be exchanged for newly issued common shares (the “Common Shares“) on the basis of 20,000 Common Shares for each … Continue Reading

    Foraco Provides Notice of 2020 Q4 Results & Conference Call

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    TORONTO and MARSEILLES, France, Feb. 25, 2021 /CNW/ – Foraco International SA (TSX: FAR) (the “Company” or “Foraco”), a leading global provider of mineral drilling services, will release its third Quarter 2020 financial results, prior to TSX market open on Thursday, March 4, 2021.  Following the release, Management of the Company will host a Conference Call at 10:00 am ET to review the financial results. The call will be hosted by Daniel Simoncini, Chairman & Co-CEO and Jean-Pierre Charmensat, Co-CEO & CFO.

    You can join the call by dialing 1-888-231-8191 or 1-647-427-7450.  You will be put on … Continue Reading

    Polaris Infrastructure Announces Closing of C$51 Million Bought Deal Equity Offering Including Exercise in Full of Over-Allotment Option

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    /NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

    TORONTO, Feb. 25, 2021 /CNW/ – Polaris Infrastructure Inc. (“Polaris Infrastructure” or the “Company”) (TSX: PIF) is pleased to announce that it has closed its previously announced offering of 2,556,450 common shares (the “Common Shares”) of Polaris Infrastructure at a price of C$20.25 per Share for aggregate gross proceeds to the Company of C$51,768,112.50, including the full exercise by the Underwriters (defined below) of the over-allotment option (the “Offering”). The Offering was made pursuant to a final short form prospectus dated February 18, … Continue Reading

    Petrus Resources Announces Year End 2020 Financial, Operating & Reserves Results; Significant Net Debt Reduction

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    CALGARY, Alberta, Feb. 25, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and twelve months ended December 31, 2020 and to provide 2020 year end reserves information as evaluated by Sproule Associates Limited (“Sproule”). The Company’s Management’s Discussion and Analysis (“MD&A”) and audited consolidated financial statements are available on SEDAR (the System for Electronic Document Analysis and Retrieval) at www.sedar.com.

    Given the significant turmoil in global energy markets in 2020, Petrus is pleased to report annual results that achieved the … Continue Reading

    ReconAfrica Provides Drilling Update & Appointed TSX Venture 50 Top Performing Energy Company 2021

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    VANCOUVER, BC, Feb. 25, 2021 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to both provide an update on drilling operations in the Kavango sedimentary basin in the Kalahari Desert of North East Namibia and announce that it has qualified as the Canadian TSX Venture 50 Exchanges 2021 top performing energy company.

    Drilling Operations

    As announced on January 11, 2021, the Company commenced drilling operations on the first well (6-2), of an initial three well program to evaluate potential hydrocarbon systems in one of five major … Continue Reading