Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Tourmaline Oil Corp. Intends to Make Normal Course Issuer Bid

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CALGARY, June 17, 2019 /CNW/ – Tourmaline Oil Corp. (TSX – TOU) (“Tourmaline“) is pleased to announce that it intends to make a normal course issuer bid (the “NCIB“) to purchase its common shares. The NCIB is subject to approval by the Toronto Stock Exchange (the “TSX“), and if approved, will be made in accordance with the applicable rules and policies of the TSX and applicable Canadian securities laws.

Tourmaline intends to purchase up to 5% of its outstanding common shares over a period of twelve months commencing after TSX approval.

Under the NCIB, common shares may be repurchased … Continue Reading

Delphi Energy Corp. Announces Sale of a Portion of Its Excess Alliance Service and Provides Credit Facility Update

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CALGARY, Alberta, June 17, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the sale of a portion of its Alliance Service and an extension to its senior credit facility.

SALE OF A PORTION OF EXCESS ALLIANCE FIRM TRANSPORTATION SERVICE

Delphi has entered into a binding agreement to sell and permanently assign 16 mmcf/d (approximately 35 percent) of its firm full-path service to the Chicago area on the Alliance pipeline system for $11.9 million. The transaction is expected to close on or about September 3, 2019 subject to approval by Alliance Pipeline Limited Partnership and Alliance Pipeline … Continue Reading

Surge Energy Inc. Confirms June 2019 Dividend

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CALGARY, June 17, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on July 15, 2019 in respect of June 2019 production, for the shareholders of record on June 30, 2019 will be $0.008333 per share. 

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs.  Management is focused on delivering to its shareholders solid per share organic growth, sustainable monthly … Continue Reading

Frontera added to the S&P/TSX Composite Index

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TORONTO, June 17, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announced today that the Company will be added to the S&P/TSX Composite Index (the “Composite Index“), effective prior to the open of trading on Monday, June 24, 2019. The Company is also being added to the S&P/TSX Composite Dividend, S&P/TSX Composite High Dividend and S&P/TSX Capped Energy Index at the same time.

The Composite Index is the headline index in Canada and serves as an indicator of broad market activity in Canadian equity markets. It includes the largest and most liquid companies on … Continue Reading

Southern Energy Corp. Announces Closing of Strategic Asset Acquisition in the Southern United States and $8.1 Million Convertible Debenture Financing

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CALGARY, June 14, 2019 /CNW Telbec/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU) has completed its previously announced acquisition of high quality, low decline natural gas assets (the “Assets“) in the State of Mississippi for cash consideration of US$16.5 million ($22.0 million), subject to customary adjustments (the “Acquisition“).

“We are happy to announce the closing of this acquisition as it further illustrates our ability to execute our business plan”, stated Ian Atkinson, President and CEO of the Company. “Southern continues to position itself for significant growth in the US Gulf Coast States where … Continue Reading

Crescent Point Announces Annual General Meeting Results

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CALGARY, June 14, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) held its Annual General Meeting (“AGM” or “the meeting”) on June 14, 2019.

During the regular business proceedings at the meeting, shareholders elected all director nominees to the Board of Directors of the Company (the “Board”) and approved all other items of business brought before the meeting. Voting results for all resolutions are below.

1.  Fixing the Number of Directors

The appointment of 10 Board members for the ensuing year was approved by a show of hands. Votes were … Continue Reading

Peyto Exploration & Development Corp. Confirms Dividends for July 15, 2019

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CALGARY, Alberta, June 14, 2019 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to June 2019 of $0.02 per common share is to be paid on July 15, 2019, for shareholders of record on June 30, 2019.  The ex-dividend date is June 27, 2019.

Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies.  The website also … Continue Reading

Journey Energy Inc. Reports on Voting from the 2019 Shareholders Meeting

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CALGARY, June 14, 2019 /CNW/ – Journey Energy Inc. (JOY – TSX) (“Journey” or the “Company“) reports the voting results from its Annual General Meeting held on June 13, 2019.

1. Fixing the Number of Directors to be elected at the meeting

On a vote by a show of hands, the number of directors of the Corporation to be elected at the Meeting was fixed at six members. The number in respect of the vote is based on the proxies received.

Votes For

% For

Votes Against

% Against

21,194,305

100

–

0.00

2. Election of Directors

On … Continue Reading

Enbridge CEO Al Monaco to Present at J.P. Morgan Energy Conference

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CALGARY, June 14, 2019 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that Al Monaco, President and Chief Executive Officer of Enbridge, is scheduled to present at the J.P. Morgan Conference in New York, NY on Tuesday, June 18, 2019.

Presentation slides will be posted to Enbridge’s website at ‘Events and Presentations’ in advance of the scheduled presentation.

About Enbridge Inc.
Enbridge Inc. is North America’s premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution … Continue Reading

Cequence Energy Announces Credit Facility Renewal

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CALGARY, Alberta, June 14, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce that it has entered into an amended credit facility agreement (the “Credit Facility”) with its lender. The Credit Facility will mature on June 16, 2020 and the borrowing base remains at $7.0 million. Other than outstanding letters of credit totalling approximately $1.6 million, the Company currently has no amounts drawn under the Credit Facility.

OVERVIEW OF CEQUENCE

Cequence is engaged in the exploration for and the development of oil and natural gas reserves.  The Company’s primary focus is the … Continue Reading

MEG Energy provides Annual and Special Meeting voting results

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CALGARY, June 13, 2019 /CNW/ – MEG Energy Corp. (TSX:MEG) announces voting results from its Annual and Special Meeting of Shareholders held on June 13, 2019.

Shareholders elected all directors nominated by management, the results being as follows:

Director

Vote For

Withhold Vote

#

%

#

%

Jeffrey J. McCaig

170,399,517

86.95

25,575,046

13.05

Derek Evans

195,491,151

99.75

483,412

0.25

Grant Billing

192,602,669

98.28

3,371,894

1.72

Ian Bruce

192,668,953

98.31

3,305,610

1.69

Harvey Doerr

187,220,953

95.53

8,753,610

4.47

Judy Fairburn

195,435,899

99.73

538,664

0.27

Robert Hodgins

191,355,413

97.64

4,619,150

2.36

William R. Klesse

195,731,440

99.88

243,123

0.12

James … Continue Reading

TC Energy to present at J.P. Morgan Energy Conference

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CALGARY, Alberta, June 13, 2019 (GLOBE NEWSWIRE) — News Release – Don Marchand, Executive Vice-President and Chief Financial Officer of TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) will be presenting at the J.P. Morgan Energy Conference in New York, NY on June 18, 2019.

A copy of the presentation slides will be available at TCEnergy.com/investors/events prior to the presentation on the day of the event.

TC Energy and its affiliates deliver the energy millions of people rely on every day to power their lives and fuel industry. We are not only focused on what we do, but how we … Continue Reading