Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Whitecap Resources Inc. Announces 2019 Capital Budget and Outlook to 88,000 – 90,000 boe/d Over the Next Three Years

via Tagged With:

CALGARY, Dec. 18, 2018 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that its Board of Directors has approved a $425 – $475 million capital budget for 2019 that includes the drilling of 220 (191.5 net) horizontal wells. The 2019 capital program and the annual dividend of $0.324 per share is expected to be fully funded by internally generated funds flow.

Canadian crude oil price differentials, and associated short term contracts, have been positively impacted by the Alberta Government’s recent announcement curtailing 325,000 barrels a day of Alberta crude oil production effective … Continue Reading

Frontera Announces Dividend Reinvestment Plan and Loan to Puerto Bahia

via Tagged With:

TORONTO, Dec. 18, 2018 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) today announced the option for a Dividend Reinvestment Plan. As initially announced on December 6, 2018, Frontera has now adopted a Dividend Reinvestment Plan (the “Plan“) effective December 17, 2018 to provide shareholders of Frontera who are resident in Canada (“Eligible Shareholders“) with the option to have the cash dividends declared on their common shares of Frontera (“Shares“) reinvested automatically back into additional Shares, without the payment of brokerage commissions or service charges.

Participation in the Plan is optional; shareholders of Frontera who … Continue Reading

ARC Resources Ltd. Confirms January 15, 2019 Dividend Amount

via Tagged With:

CALGARY, Dec. 17, 2018 /CNW/ – (ARX – TSX) ARC Resources Ltd. (“ARC”) confirms that an eligible dividend of $0.05 per share will be paid on January 15, 2019 to shareholders of record on December 31, 2018. The ex-dividend date is December 28, 2018. As at December 17, 2018, the trailing 12-month payments to shareholders, including the December 17, 2018 payment, total $0.60 per share.

ARC is one of Canada’s largest conventional oil and gas companies with an enterprise value of approximately $3.7 billion. ARC’s common shares trade on the TSX under the symbol … Continue Reading

TORC Oil & Gas Ltd. Confirms Monthly Dividend for December 2018

via Tagged With:

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, Dec. 17, 2018 /CNW/ – TORC Oil & Gas Ltd. (“TORC” or the “Company”) (TSX:TOG) is pleased to confirm that a dividend of $0.022 per common share will be paid on January 15, 2019 to common shareholders of record on December 31, 2018. The ex-dividend date is December 28, 2018, with payment to be made in cash or common shares at the election of the shareholder. Any common shareholder choosing to receive common shares rather than cash must submit his … Continue Reading

Pembina Pipeline Corporation Releases Inaugural Sustainability Report

via Tagged With: ,

CALGARY, Dec. 17, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or “the Company”) (TSX: PPL; NYSE: PBA) today released its inaugural Sustainability Report (“Report”) highlighting our environmental, social and governance performance. While this report marks the beginning of the Company’s efforts to consolidate and formalize its work in these areas, Pembina has been having these conversations with stakeholders at the grass-roots level for decades and, likewise, has been working towards continuous improvement in many key areas for years. Pembina invites interested parties to download the Report and learn more about the ‘purpose’ of Pembina – to be the leader … Continue Reading

Tidewater announces TransAlta’s ownership interest in the Pioneer pipeline and dividend announcement

via Tagged With:

CALGARY, Dec. 17, 2018 /CNW/ –

TransAlta Pioneer pipeline option exercise

Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) is pleased to announce that TransAlta has exercised its option to acquire a 50 percent ownership interest in the Pioneer pipeline connecting the Tidewater owned Brazeau River Complex to TransAlta’s generating units in the Keephills and Sundance area. Tidewater will construct and operate the 120 km natural gas pipeline, with an 11km lateral connecting to Sundance, which will have an initial throughput of 130 MMcf/d with the potential to expand to approximately 440 MMcf/d.  The project is supported … Continue Reading

SECURE Energy Announces January 2019 Dividend

via Tagged With:

CALGARY, Dec. 17, 2018 /CNW/ – SECURE Energy Services Inc. (“Secure”) (TSX – SES) is pleased to announce that its Board of Directors has declared a dividend for the month of January 2019 of $0.0225 per common share payable on or about January 15, 2019 to shareholders of record on January 1, 2019. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). To be an eligible shareholder, a shareholder must be resident in Canada and must not be a “U.S. person” within the meaning of U.S. federal securities laws.

This … Continue Reading

CGX Energy and Frontera Announce Amended Letter Agreement and Shares for Debt Settlement

via Tagged With: ,

TORONTO, Dec. 17, 2018 /CNW/ – CGX Energy Inc. (TSXV: OYL) (“CGX“) and Frontera Energy Corporation (TSX: FEC) (“Frontera“) announced today that they have amended a letter agreement previously disclosed in a news release of CGX and Frontera on December 4, 2018 to enter into a debt settlement transaction and amend the convertible amount under a bridge loan facility.

Shares for Debt Settlement

CGX and Frontera have entered into a debt settlement agreement with respect to the settlement of US$1,200,000 of debt owing to Frontera by CGX through the issuance of 5,714,285 common shares of CGX (the “Common Shares“) … Continue Reading

Crescent Point Energy Confirms December 2018 Dividend

via Tagged With:

CALGARY, Dec. 17, 2018 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) confirms that the dividend to be paid on January 15, 2019, in respect of December 2018 production, for shareholders of record on December 31, 2018, will be CDN$0.03 per share.

These dividends are designated as “eligible dividends” for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point’s dividends are considered “qualified dividends.”

Crescent Point is a leading North American light oil producer, driven to enhance shareholder returns by cost-effectively developing a focused asset base in a … Continue Reading

Vermilion Energy Inc. Announces $0.23 CDN Cash Dividend for January 15, 2019 Payment Date

via Tagged With:

CALGARY, Dec. 17, 2018 /CNW/ – Vermilion Energy Inc. (“Vermilion”) (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.23 CDN per share payable on January 15, 2019 to all shareholders of record on December 31, 2018.  The ex-dividend date for this payment is December 28, 2018.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

About Vermilion

Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing properties in North America, Europe and Australia.  … Continue Reading

Enbridge Inc. and Spectra Energy Partners, LP Complete Merger

via Tagged With:

CALGARY and HOUSTON, Dec. 17, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge), on behalf of itself and certain of its wholly owned U.S. subsidiaries, and Spectra Energy Partners, LP (NYSE: SEP) (SEP) today announced that they have completed the previously announced merger (the Merger) pursuant to an Agreement and Plan of Merger dated as of August 24, 2018 (the Merger Agreement). The Merger resulted in Enbridge (through a wholly owned subsidiary) acquiring all of the outstanding public common units of SEP and SEP becoming an indirect, wholly owned subsidiary of Enbridge.

Effective today, SEP unitholders of … Continue Reading

Standard Exploration Ltd. Announces Conditional Approval of Financing, Gulf Coast States Strategic Acquisition, Consolidation, Appointment of New Management and Board and Name Change

via Tagged With:

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./

CALGARY, Dec. 17, 2018 /CNW/ – Standard Exploration Ltd. (“Standard” or the “Corporation“) (SDE: TSXV) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (“TSXV“) in respect of the previously announced, by way of news release dated November 13, 2018: (i) private placement of common shares (“Common Shares“) and units of the Corporation; (ii) appointment of a new management team and new … Continue Reading