CALGARY, AB, Dec. 8, 2021 /CNW/ – Pembina Pipeline Corporation (“Pembina”) (TSX: PPL) (NYSE: PBA) announced today that it has agreed to issue $1.0 billion of senior unsecured medium-term notes (the “Offering”). The Offering will be conducted in two tranches consisting of $500 million in senior unsecured medium-term notes, series 17 (the “Series 17 Notes”) having a fixed coupon of 3.53% per annum, paid semi-annually, and maturing on December 10, 2031; and $500 million in senior unsecured medium-term notes, series 18 (the “Series 18 Notes”) having a fixed coupon of 4.49% per annum, paid semi-annually, and maturing on … Continue Reading
Crew Energy Inc. Announces 2022 Capital Budget and Continued Execution of Two-Year Plan, Highlighted by Debt Reduction and Per Share Growth in Production and AFF
CALGARY, Alberta, Dec. 08, 2021 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to confirm that our Board of Directors (the “Board”) has approved a 2022 capital expenditure budget ranging between $70 and $95 million, in-line with our established two-year plan. In 2022, Crew plans to continue targeting increased annual average daily production, expand our adjusted funds flow (“AFF”), and generate free AFF1 for ongoing debt repayment designed to significantly improve leverage metrics (the “Two-Year … Continue Reading
PrairieSky Royalty Declares Quarterly Dividend
CALGARY, Alberta, Dec. 08, 2021 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.09 per common share, payable in cash on January 17, 2022 to shareholders of record on December 31, 2021. This dividend is designated as an “eligible dividend” for Canadian income tax purposes.
About PrairieSky Royalty Ltd.
PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating funds from operations and that … Continue Reading
Alectra and Hydro One make critical investments to enhance power resiliency and support economic growth in the Hamilton region
HAMILTON, ON, Dec. 8, 2021 /CNW/ – Today, Hydro One was joined by Alectra Utilities at Gage Transmission Station (TS) to announce upgrades to improve power reliability for residential, commercial and industrial customers, including steel manufacturers. Hydro One is upgrading aging infrastructure from the 1950s at Gage and Kenilworth Transmission Stations, including transformers and smart equipment to monitor, protect and control electrical equipment. Alectra Utilities is supporting the projects by reconfiguring infrastructure at both stations and minimizing service interruptions to their customers during project construction. Construction on these projects is well underway and is anticipated to be completed in … Continue Reading
TC Energy declares quarterly dividends for Series 11 and 15 preferred shares
CALGARY, Alberta, Dec. 08, 2021 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that the Board of Directors (Board) of TC Energy declared quarterly dividends on outstanding Series 11 and 15 Cumulative First Preferred Shares as follows:
These dividends are designated by TC Energy to be eligible … Continue Reading
Royal Announces a New Discovery Testing .76% Helium Over 33 Feet at Ogema-1 and Initiates Completions Program
SASKATOON, SK, Dec. 8, 2021 /CNW/ – Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) is pleased to report that Ogema-1 has hit helium in three separate zones including the potential extension to the Nazare zone identified 250 km west at Climax.
Royal has successfully drill stem tested (“DST”) the Earlie zone showing, which returned 0.76% helium over a thickness of 10 meters (33 feet) at its first helium well in southeastern Saskatchewan. A service rig has been mobilized to begin completions and production testing at Ogema-1 to assess longer-term flow rates and pressures in … Continue Reading
Redline Communications Partners with TEC India to Provide Virtual Fiber Solution for India’s Largest Oil & Gas Company
Redline solutions will be deployed to support 29 remote onshore and offshore operations for Indian government-owned company
TORONTO, Dec. 8, 2021 /CNW/ — Redline Communications Group Inc. (“Redline Communications”)(TSX:RDL), a leading provider of mission-critical data infrastructure for remote and harsh environments, announced today that Telephone Electronic Corporation (TEC India), a network and communications system integrator in India, has selected Redline’s award-winning Virtual Fiber® solution to support operations for top energy company, Oil and Natural Gas Corporation Limited (ONGC).
Redline’s Virtual Fiber technology delivers 99.9% of connectivity to machines and sensorsRedline’s RDL-3000 will be deployed at ONGC’s Neelam … Continue Reading
TerraVest Announces Fourth Quarter and Year End Results for Fiscal 2021 and Dividend Declaration
TORONTO, Dec. 8, 2021 /CNW/ – TerraVest Industries Inc., (TSX: TVK) (“TerraVest” or the “Company”) announces its results for the fourth quarter and year ended September 30, 2021 and the declaration of its quarterly dividend.
FOURTH QUARTER AND YEAR END REVIEW AND OUTLOOK
Business Performance
Management believes that there are certain nonâIFRS financial measures that can be used to assist shareholders in analyzing the performance of TerraVest. The table below highlights certain financial results and reconciles net income to adjusted earnings before interests, income taxes, depreciation and amortization (“EBITDA”) for the fourth quarter and year ended September 30, 2021 … Continue Reading
Pembina Pipeline Corporation Announces 2022 Guidance, Business Update and Additional ESG Targets
All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), which is a financial measure that is not defined by Generally Accepted Accounting Principles (“GAAP”), being international Financial Reporting Standards, as issued by the International Accounting Standards Board. For more information see “Non-GAAP Financial Measures” herein.
CALGARY, AB, Dec. 8, 2021 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) is pleased to provide its 2022 financial guidance and deliver an end-of-year business update.
Highlights
Cenovus releases 2022 budget, updated strategy and 5-year business plan
Expects about 50% of 2022 excess free funds flow to be allocated to shareholder returns
CALGARY, Alberta, Dec. 08, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today released its 2022 budget, updated corporate strategy, five-year business plan and environmental, social and governance (ESG) targets, built on the company’s demonstrated operating strength, capital discipline and ESG leadership. The 2022 guidance includes capital spending of $2.6 billion to $3.0 billion and total production of approximately 800,000 barrels of oil equivalent per day (BOE/d), factoring in major planned turnarounds and production impacts from assets sold in 2021. The company … Continue Reading
Freehold Royalties Ltd. Posts Materials for December 8th Investor Day Event
CALGARY, Alberta, Dec. 07, 2021 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces it will hold an Investor Day on December 8, 2021 beginning at 1:00pm MDT. This event will include a formal presentation by Freehold’s management, and technical team, highlighting the company’s North American strategy. Due to COVID-19 restrictions, this event will be held virtually. Interested parties may participate in the Zoom meeting by registering in advance at:
https://encoreglobal.zoom.us/meeting/register/tJwrdeyorjIpG9wPjcalT1E6MjtUYlHxKBe0
A copy of materials has been made available today on Freehold’s website at www.freeholdroyalties.com. There will also be a recording of the presentation made available on Freehold’s website … Continue Reading
ShaMaran Announces Dates for 2023 Bond Amortization Payment
VANCOUVER, BC, Dec. 7, 2021 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSVX: SNM and Nasdaq First North Growth Market: SNM) is pleased to announce that the close of business in Vancouver, Canada on Wednesday December 8, 2021 has been set as the Record Date for Bondholders of the ShaMaran 2023 Bond1 to receive their pro rata share of the remaining $5 million amortization payment due in December 2021 plus accrued interest. The payment date for this amortization is scheduled for Friday, December 10, 2021. View PDF version.
OTHER
This information is information that ShaMaran is … Continue Reading
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