Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Cathedral Energy Services Announces Director Election Results

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/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

CALGARY, June 8, 2017 /CNW/ – Cathedral Energy Services Ltd. (the “Company” or “Cathedral” / TSX: CET) held its annual meeting of shareholders on June 7, 2017. A total of 16,867,190 common shares representing 34.48% of the Company’s issued and outstanding common shares were voted in connection with the meeting. All the nominees proposed as directors were duly elected as directors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the meeting, as follows:

Nominee

Number

%

P. … Continue Reading

Tethys Petroleum Press Release: Corporate Update

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GRAND CAYMAN, CAYMAN ISLANDS–(Marketwired – June 8, 2017) – Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX:TPL) today announces a corporate update.

Electrical Submersible Pump (“ESP”)

On June 2, 2017 the Company announced the successful installation of an ESP to significantly boost production from its main oil producing well, AKD-01. The Company is pleased to report that AKD-01 has stabilised and both the well and ESP are performing in line with expectations.

Relocation and Consolidation of Almaty Office to Aktobe

In December 2016, Tethys completed the transfer of the registered legal addresses of its three Kazakhstan subsidiaries, Tethys Aral Gas … Continue Reading

Ikkuma Resources Corp. Announces Stock Option Grant

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CALGARY, June 8, 2017 /CNW/ – Ikkuma Resources Corp. (“Ikkuma” or the “Corporation“) (TSXV: IKM) has granted 6,159,500 stock options to directors, officers, employees and consultants of Ikkuma at an exercise price of $0.86.  The exercise price of the stock options is the same as the exercise price of the warrants issued by the Corporation in connection with its $45 million second lien senior secured loan facility, which was announced on May 25, 2017.

The stock options have been granted pursuant to Ikkuma’s 10% rolling stock option plan and will expire five years from the date of … Continue Reading

Tourmaline Oil Corp. Announces Election of Directors

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CALGARY, June 8, 2017 /CNW/ – Tourmaline Oil Corp. (TSX – TOU) (“Tourmaline“) is pleased to announce that the nominees listed in its information circular dated April 24, 2017 were elected as directors of Tourmaline at its annual and special meeting of shareholders on June 7, 2017 in Calgary, Alberta (the “Meeting“). All matters presented for approval at the Meeting, including the adoption of new by-laws containing advance notice provisions and the unallocated options under Tourmaline’s share option plan, were approved by Tourmaline’s shareholders. A full report of voting results is available on SEDAR at www.sedar.com

Election of Directors… Continue Reading

Pembina Pipeline Corporation Declares June 2017 Common Share Dividend

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CALGARY, June 8, 2017 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for June 2017 of $0.17 per share to be paid, subject to applicable law, on July 15, 2017 to shareholders of record on June 25, 2017. This dividend is designated an “eligible dividend” for Canadian income tax purposes. For non-resident shareholders, Pembina’s common share dividends should be considered “qualified dividends” and may be subject to Canadian withholding tax.

For shareholders receiving their common share dividends in U.S. funds, … Continue Reading

Superior Plus Announces June 2017 Cash Dividend

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TORONTO, ONTARIO–(Marketwired – June 8, 2017) –

June 2017 Cash Dividend – $0.06 per share

Superior Plus Corp. (“Superior”) (TSX:SPB) today announced its cash dividend for the month of June 2017 of $0.06 per share payable on July 14, 2017. The record date is June 30, 2017 and the ex-dividend date will be June 28, 2017. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.

About the Corporation

Superior consists of two primary operating businesses: Energy Distribution includes the distribution of propane and distillates, and supply portfolio management; … Continue Reading

DIVERGENT Energy Services Corp. Announces Private Placement

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CALGARY, ALBERTA–(Marketwired – June 8, 2017) –

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

DIVERGENT Energy Services Corp. (TSX VENTURE:DVG) (“Divergent” or the “Corporation“) is pleased to announce that it will be conducting a non-brokered private placement of up to 5,000,000 common shares of Divergent (the “Common Shares“) at a price of $0.15 per Common Shares for aggregate gross proceeds of $750,000 (the “Offering“).

In connection with the Offering, Divergent may pay a finder’s fee and finder’s warrants of up to 6% of the gross proceeds of the Offering to certain qualified, non-related parties who act as finders … Continue Reading

Eco (Atlantic) Oil & Gas Ltd.: 2,550 km2 3D Seismic Survey Offshore Guyana, Options and RSU grant

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TORONTO, ONTARIO–(Marketwired – June 8, 2017) – Eco (Atlantic) Oil & Gas Ltd. (“Eco Atlantic” or “Company”) (TSX VENTURE:EOG)(AIM:ECO) is pleased to announce that Eco Atlantic and its Operating Partner, Tullow Oil (“Tullow“), have approved a circa 2,550 km2 seismic survey on the Company’s Orinduik Block offshore the Co-operative Republic of Guyana (“Orinduik“). The survey is anticipated to commence in the next two weeks. The survey will be completed by Schlumberger Guyana Inc. (Western Geco).

Eco Atlantic (Guyana) Inc, a subsidiary of Eco Atlantic, holds a 40% Working Interest in Orinduik, and Tullow, the Operator, holds the remaining 60%. The … Continue Reading

Dundee Energy Limited Announces Resignation of Director

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TORONTO, ONTARIO–(Marketwired – June 7, 2017) – Dundee Energy Limited (TSX:DEN) (“Dundee Energy” or the “Company”) announced today that Harold (Sonny) Gordon has resigned as a director of the Company effective today. The board of directors of Dundee Energy would like to thank Mr. Gordon for his contributions to the Company. Garth A.C. MacRae will replace Mr. Gordon as Non-Executive Chairman of the Company.

ABOUT THE COMPANY

Dundee Energy Limited is a Canadian-based oil and natural gas company with a mandate to create long-term value for its shareholders through the exploration, development, production and marketing of oil and natural gas, … Continue Reading

Dundee Energy Limited Announces Voting Results for Election of Directors

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TORONTO, ONTARIO–(Marketwired – June 7, 2017) – In accordance with regulatory requirements, Dundee Energy Limited (TSX:DEN) (“Dundee Energy”) announces that at the annual meeting of shareholders (the “Meeting”) held today, all of the nominees for election as directors of Dundee Energy referred to in its management information circular for the Meeting were elected by way of show of hands. If a ballot vote had been taken, based solely on proxies received by Dundee Energy, the voting results for the election of directors would have been as follows:

Nominee Votes For % Votes Withheld % Harold P. Gordon 119,259,156 99.67% 400,162… Continue Reading

Oryx Petroleum Announces Update on Status of Equity Investment and Loan Restructuring, and Election of Directors

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CALGARY, June 7, 2017 /CNW/ – Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announces that disinterested shareholders have approved subscription agreements with the Corporation’s two major shareholders and an amendment to a related party loan agreement. All dollar amounts in this news release are in United States dollars.

Equity Investment

As previously announced, the Corporation entered into subscription agreements with each of the Corporation’s two largest shareholders, The Addax and Oryx Group (“AOG”) and Zeg Oil and Gas Ltd (“Zeg Oil and Gas”). The agreements provide for the issuance of an aggregate of 161,850,057 common shares … Continue Reading

Petroteq Energy Inc. Provides Development and Operational Update from Its Southwest Texas Property

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STUDIO CITY, CALIFORNIA–(Marketwired – June 7, 2017) – Petroteq Energy Inc. (the “Company“) (TSX VENTURE:PQE)(OTCQX:PQEFF), a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, is pleased to announce recent results on the mineral leases located in southwest Texas which are held by Accord GR Energy, Inc. (“Accord“), an oil and gas exploration and production company. The Company currently owns a 46% stake in Accord.

The Company is excited with Accord’s development initiatives which are progressing as planned. Thus far, Accord … Continue Reading