Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Steelhead Petroleum Ltd. and Toro Oil & Gas Ltd. complete arrangement

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CALGARY, Feb. 1, 2017 /CNW/ – Steelhead Petroleum Ltd. (Steelhead) and Toro Oil & Gas Ltd. (Toro) announced today the completion of Steelhead’s acquisition, through its wholly owned subsidiary, Steelhead Acquisition Company Ltd., of all of the outstanding common shares (the Toro Common Shares) and warrants (the Toro Warrants) of Toro pursuant to an arrangement under the Business Corporations Act (Alberta) (the Arrangement). Over 99% of the votes of the holders Toro Common Shares and Toro Warrants, voting together as a single class, were in favour of the Arrangement.

It is expected that the Toro Common Shares … Continue Reading

Trakopolis IoT Corp. Provides Operational Update

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/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/

CALGARY, Feb. 1, 2017 /CNW/ – Trakopolis IoT Corp. (TSXV: TRAK), is pleased to provide an operational update.

Since commencing trading on the TSX Venture Exchange (“TSXV“) on November 1st, 2016, the Company has executed the first phase of its accelerated growth plan that focuses on positions that will have an immediate impact on sales, subscriber and customer growth. This includes 4 additional sales members in Canada (2), Texas (1) and Pennsylvania (1).

Through December, 2016 and January, 2017 the Company has closed opportunities … Continue Reading

Lithium X Appoints Timothy McKenna Vice President, Investor Relations, US Government Relations and Communications

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Former vice president of Rockwood Holdings to begin outreach to global investment community

35 years of experience in Institutional Investor Relations Focused on the US and International markets

VANCOUVER, Feb. 1, 2017 /CNW/ – Lithium X Energy Corp. (“Lithium X”, or the “Company”) (TSX-V: LIX) (OTCQB: LIXXF) is pleased to announce the appointment of Timothy McKenna (“McKenna”) as Vice President, Investor Relations, US Government Relations and Corporate Communications, effective February 1, 2017.  In this role, he will lead the Company’s communications strategy with investors, the media and government, community and industry audiences. 

Mr. McKenna joins Lithium X with … Continue Reading

Bonterra Energy Corp. Confirms Cash Dividend for January 2017 Payable February 28th, 2017

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CALGARY, ALBERTA–(Marketwired – Feb. 1, 2017) – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the January 2017 monthly cash dividend will be $0.10 per share and will be paid on February 28th, 2017. The record date for the dividend is February 15th, 2017 and the ex-dividend date is February 13th, 2017. The dividend is paid monthly and is subject to commodity prices and production levels.

The dividend is considered an “eligible dividend” for tax purposes.

Bonterra Energy Corp. is a conventional oil and gas corporation with operations in Alberta, Saskatchewan and British Columbia. The shares are listed on … Continue Reading

High Arctic Provides Update on Papua New Guinea Operations

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CALGARY, ALBERTA–(Marketwired – Feb. 1, 2017) –

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

Tom Alford, President and CEO of High Arctic Energy Services Inc. (TSX:HWO) (“High Arctic” or the “Corporation”) is pleased to provide an update on its activities in Papua New Guinea (“PNG”).

Rig 104 and Rig 115 continue with their drilling assignments. Rig 103 is finalizing demobilization activities following the completion of its drilling campaign in the Western Province. Rig 116 remains on standby under … Continue Reading

Virginia Hills Oil Corp. Announces Credit Facility Maturity

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CALGARY, ALBERTA–(Marketwired – Jan. 31, 2017) – Virginia Hills Oil Corp. (“Virginia Hills” or the “Company“) (TSX VENTURE:VHO) announces that its syndicated credit facility (the “Credit Facility“) has matured and remains unpaid as of January 31, 2017. The failure to repay the approximate $95.6 million principal amount owing under the Credit Facility on January 31, 2017 constitutes an event of default under the Credit Facility and entitles the lenders to, among other things, enforce their security and appoint a receiver to manage the affairs of the Company. An event of default under the Credit Facility is also an event of … Continue Reading

Canadian Equipment Rentals Corp. Enters into Agreement to Sell General Rental Assets to Cooper Rentals Canada Inc.

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CALGARY, ALBERTA–(Marketwired – Jan. 31, 2017) – Canadian Equipment Rentals Corp. (TSX VENTURE:CFL) (“CERC” or the “Company”) has entered into an asset purchase agreement with Cooper Rentals Canada Inc. (“Cooper”), to sell all the assets of its wholly-owned subsidiary, 4-Way Equipment Rentals Corp. (“4-Way”), for cash proceeds of $8.5 million.

“This transaction is the next step in strengthening our balance sheet and narrowing the focus of the Company to the upstream and midstream energy services industry,” said Ken Olson, CFO of CERC. “The cash proceeds from the sale will be used to reduce bank indebtedness and provide us with greater … Continue Reading

Northern Blizzard Resources Inc. Announces Waiver of Condition in Substantial Issuer Bid

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CALGARY, Jan. 31, 2017 /CNW/ – Northern Blizzard Resources Inc. (“Northern Blizzard”) (TSX: NBZ) today announced that there is a condition in its substantial issuer bid (the “Offer”) that it intends to waive in order to proceed with take up and payment under the Offer on Friday, February 3, 2017. Northern Blizzard has offered to purchase up to $90.0 million of its common shares for $4.00 per share pursuant to the Offer that commenced on December 9, 2016.  

Since the date of the Offer, Northern Blizzard received an unsolicited non-binding proposal (the “Proposal”) from a third party … Continue Reading

Essential Energy Services Announces 2017 Capital Budget

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CALGARY, ALBERTA–(Marketwired – Jan. 31, 2017) – Essential Energy Services Ltd. (TSX:ESN) (“Essential” or the “Company”) announces its 2017 capital budget of $11 million, comprised of $4 million growth capital and $7 million maintenance capital. The growth capital consists primarily of pumping support equipment, the cost to recertify and prepare for work the four coil tubing rigs and four pumpers acquired in December 2016 and the purchase of rental drill pipe for the Company’s Downhole Tools & Rentals division. The increase in maintenance capital compared to 2016 reflects expectations that the fleet will be more active in 2017.

Essential’s 2016 … Continue Reading

Western Energy Services Corp. 2016 Fourth Quarter and Year End Financial and Operating Results Conference Call and Webcast

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CALGARY, ALBERTA–(Marketwired – Jan. 31, 2017) – Western Energy Services Corp. (“Western”) (TSX:WRG) announces that it intends to release its 2016 fourth quarter and year end financial and operating results after market close on Wednesday, February 22, 2017 and has scheduled a conference call and webcast to begin promptly at 10:00 a.m. MST (12:00 p.m. EST) on Thursday, February 23, 2017.

The conference call dial‐in number is 1‐800‐769‐8320

A live webcast of the conference call will be accessible on Western’s website at www.wesc.ca by selecting “Investors“, then “Webcasts“. Shortly after the live webcast, an archived version … Continue Reading

Calfrac Well Services Ltd. Fourth Quarter 2016 Earnings Release and Conference Call

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CALGARY, Jan. 31, 2017 /CNW/ – Calfrac Well Services Ltd. (“Calfrac”) (TSX: CFW) intends to release its Fourth Quarter 2016 results before markets open on Thursday, February 23, 2017 and has scheduled a conference call and webcast to begin at 10:00 A.M. MT (12:00 P.M. ET) on the same day. If you wish to participate in the conference call, please call (888) 231-8191 or (647) 427-7450 prior to the start of the call and ask for the Calfrac Well Services Ltd. conference call. A webcast of the conference call may be accessed via Calfrac’s website at www.calfrac.com… Continue Reading

Petro Vista Announces Resignation of Keith Hill

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 31, 2017) – Petro Vista Energy Corp. (TSX VENTURE:PTV) (“Petro Vista” or the “Company”)
announces that Mr. Keith Hill has resigned as the Company’s Chairman and a Director.

The Company would like to take this opportunity to thank Mr. Hill for his work with the Company and wish him every success in the future.

ON BEHALF OF THE BOARD OF DIRECTORS OF PETRO VISTA ENERGY CORP.

“Darren Devine”

Executive Vice President, Director

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) … Continue Reading