Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


COMET LITHIUM SUBMITS PERMIT TO DRILL AT LIBERTY

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ROUYN-NORANDA, QC, Sept. 20, 2023 /CNW/ – Comet Lithium Corporation (TSXV: CLIC) (“Comet Lithium” or the “Company”), is pleased to announce that it has initiated the planning and permitting process of its first drill program on its 100%-owned Liberty property located in James Bay, Québec, adjacent to Winsome Resources’ Adina project. 

On August 28, 2023, the Company announced the identification of numerous pegmatite outcrops and glacial boulders on the Liberty property. Following phase one of the ground exploration program, the extension of the Adina trend was also covered with a soil survey (C-horizon). A total of 272 … Continue Reading

Tamarack Valley Energy Announces Declaration of Monthly Dividend

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TSX: TVE

CALGARY, AB, Sept. 20, 2023 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce that the Board of Directors has declared a monthly cash dividend on its common shares of C$0.0125 per share in accordance with the Company’s dividend policy. The dividend will be payable on October 13, 2023, to shareholders of record at the close of business on September 29, 2023. This monthly cash dividend is designated as an “eligible dividend” for Canadian income tax purposes.

About Tamarack Valley Energy Ltd.

Tamarack is an oil and gas … Continue Reading

NG ENERGY TESTS 25 MMSCFD IN THE RECENTLY IDENTIFIED H4 ZONE RESULTING IN A TOTAL DST TEST OF UP TO 65.2 MMSCFD ACROSS 3 ZONES

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  • Zones H1 + H2 + H4 combined test up to 65.2 MMscf/d
  • Completion of Aruchara-3 and redefining the scope and potential of Maria Conchita underway
  • Between SN-9 and Maria Conchita, a total of over 130MMscf/d now tested

    • TORONTO, Sept. 20, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) is pleased to announce the completion of the third Drill Stem Test (DST-3) at the Aruchara-3 well in the recently identified H4 Zone of the Jimol Medium Formation. DST-3 was conducted over a 42-hour period including 28-hour after flowing period, testing up to 25 … Continue Reading

    Pipestone Announces That ISS Reaffirms Recommendation That Shareholders Vote “FOR” Proposed Combination With Strathcona to Create a Leading Canadian Energy Producer; ISS Says Dissident’s Arguments “Do Not Appear Well Supported”

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  • Pipestone encourages all shareholders to vote FOR the Arrangement today to ensure their votes are counted; the proxy voting deadline is 10:00 a.m. (Calgary time) on Monday, September 25, 2023
  • Have questions or need help voting? Call Kingsdale Advisors on 1-888-659-1824 (toll free in North America), email contactus@kingsdaleadvisors.com, or visit www.pipestonestrathcona.com

    • CALGARY, Alberta, Sept. 20, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) today announced that leading proxy advisory firm Institutional Shareholder Services (“ISS”) has reviewed the arguments of GMT Capital Corp. (“GMT”) in its dissident proxy circular dated September 15, 2023 and … Continue Reading

    Cenovus Energy announces pricing of tender offers for certain outstanding series of notes

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    CALGARY, Alberta, Sept. 19, 2023 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the total consideration payable in connection with its previously announced tender offers to purchase for cash: (i) up to $500,000,000 aggregate purchase price, excluding accrued and unpaid interest (the “Pool 1 Maximum Amount”), of its 5.250% Notes due 2037, 4.450% Notes due 2042, 5.200% Notes due 2043, 4.400% Notes due 2029, 5.400% Notes due 2047 and 4.250% Notes due 2027 (collectively, the “Pool 1 Notes”) and (ii) up to $500,000,000 aggregate purchase price, excluding accrued and unpaid interest (the “Pool 2 Maximum Amount” … Continue Reading

    Gran Tierra Energy Inc. Announces Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

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    CALGARY, Alberta, Sept. 19, 2023 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the commencement of offers to Eligible Holders (as defined herein) to exchange (such offers, the “Exchange Offers”) (i) any and all of the outstanding 6.250% Senior Notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. (“GTEIH”) on February 15, 2018 (CUSIP: 38502HAA3 / G4066TAA0; ISIN: US38502HAA32 / USG4066TAA00) (the “2025 Notes”), and (ii) any and all of the outstanding 7.750% Senior Notes due 2027 issued by the Company on May 23, 2019 (CUSIP: 38502JAA9 / U37016AA7; ISIN: … Continue Reading

    COMET LITHIUM APPOINTS PAUL BLATTER TO THE BOARD OF DIRECTORS

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    ROUYN-NORANDA, QC, Sept. 19, 2023 /CNW/ – Comet Lithium Corporation (TSXV: CLIC) (“Comet Lithium” or the “Company”) today announced the appointment of Mr. Paul Blatter to the Board of Directors of the Company. 

    Mr. Blatter currently holds the position of Senior Advisor – Strategic Development at Agnico-Eagle, where he is assisting in evaluating projects and supply chains across multiple commodities. Mr. Blatter started his career in 1999 at Agnico-Eagle, in their gold and base metals operations. He was a part of the extensive process development and led the start-up of the Lapa process plant. Mr. Blatter has been involved … Continue Reading

    Cenovus Energy announces early tender results and increase of tender offers for certain outstanding series of notes

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    CALGARY, Alberta, Sept. 19, 2023 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the early tender results for its tender offers to purchase for cash certain of its outstanding series of Notes.

    Cenovus also announced it has increased the previously announced Pool 2 Maximum Amount (as defined below) from $250,000,000 to $500,000,000. The Pool 1 Maximum Amount (as defined below) and the Series Tender Cap (as defined below) remain unchanged at $500,000,000 and $250,000,000, respectively.

    References to “$” in this news release are to United States dollars, unless otherwise indicated.

    Details of tender offers
    Cenovus initially … Continue Reading

    COMET LITHIUM APPOINTS MANSOOR JAN NIAZI AS INTERIM CEO AND PRESIDENT

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    ROUYN-NORANDA, QC, Sept. 18, 2023 /CNW/ – Comet Lithium Corporation (TSXV: CLIC) (“Comet Lithium” or the “Company”) today announces that the Board of Directors has appointed Mr. Mansoor Jan Niazi as interim Chief Executive Officer and President of Comet Lithium, effective immediately.

    Mr. Jan is an Australian resident with an extensive background in the mining sector and in capital markets. Throughout his career, Mr. Jan has held key roles in various organizations, including BHP and Rio Tinto in Australia. In particular, at BHP, he managed business planning activities, capital prioritisation, mine operation, technology delivery, business development and spearheaded … Continue Reading

    NG ENERGY TESTS 23.5 MMSCFD IN THE H2 ZONE AT MARIA CONCHITA

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  • Zones H1 + H2 combined test up to 40.2 MMscf/d
  • Between SN-9 and Maria Conchita, over 105mmscf/d now tested

    • TORONTO, Sept. 18, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) is pleased to announce the completion of the second Drill Stem Test (DST-2) at the Aruchara-3 well in the H2 Zone of the Jimol Inferior Formation. DST-2 was conducted over a 46-hour period including a 17.5-hour flowing period, testing up to 23.5 MMscf/d at a 1.5” choke with 5.3 barrels of 43.5 API condensate recovered during the test.

    The complete results for … Continue Reading

    Pipestone Announces That ISS and Glass Lewis Recommend Shareholders Vote “for” Proposed Combination With Strathcona to Create a Leading Canadian Energy Producer, and Sets Record Straight on Flawed and Misleading Arguments by GMT

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  • Combining with Strathcona is superior to the status quo as it will give Pipestone shareholders the ability to participate in the upside of a much larger, more diversified producer that will benefit from scale, longer-life and better-positioned reserves, improved access to capital and a potential positive re-rating by markets
  • Pipestone’s extensive strategic review process considered all alternatives available to Pipestone, including the arguments and alternatives put forward by GMT, and determined that the combination with Strathcona Resources is in the best interests of Pipestone and the Pipestone shareholders
  • GMT’s efforts to derail a value-unlocking transaction are based on flawed assumptions
    • … Continue Reading

    LNG ENERGY GROUP ANNOUNCES ENGAGEMENT OF HYBRID FINANCIAL AND GENERATION

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    TORONTO, Sept. 15, 2023 /CNW/ – LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: 6MH) (the “Company” or “LNG Energy Group“) is pleased to announce that it has retained Hybrid Financial Ltd. (“Hybrid Financial“) to provide marketing services to the Company. Hybrid Financial has been engaged to heighten market and brand awareness for LNG Energy Group and to broaden the Company’s reach within the investment community.

    Under the terms of the agreement between Hybrid Financial and the Company (the “Hybrid Financial Agreement“), Hybrid Financial has been engaged by the Company for an initial term of six … Continue Reading