Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Bonterra Energy Corp. Announces Fully-Funded 2020 Budget, 2019 Reserves Information and 2019 Operational Highlights

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CALGARY, Feb. 12, 2020 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today announces that the Company’s Board of Directors has approved an initial 2020 capital budget set at approximately $70 million, while also sharing key operational highlights from 2019, and providing the summary results of its independent reserve report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2019.

Fully-Funded 2020 Budget and Guidance

Bonterra’s 2020 capital budget incorporates a measured approach to address the continued volatility in crude oil prices. The crude … Continue Reading

Keyera Announces February 2020 Dividend

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CALGARY, Feb. 12, 2020 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced today a cash dividend for February 2020 of 16.00 cents per common share. The dividend will be payable on March 16, 2020, to shareholders of record on February 25, 2020. The ex-dividend date is February 24, 2020. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera’s dividends are subject to Canadian withholding tax.

About Keyera Corp.

Keyera Corp. (TSX: KEY) operates an integrated Canadian-based midstream business with extensive interconnected assets and depth of … Continue Reading

Parkland Fuel Corporation Announces February 2020 Dividend

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CALGARY, Alberta, Feb. 12, 2020 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI) announces that a dividend of $0.0995 per share will be paid on March 16, 2020 to shareholders of record on February 21, 2020. The dividend will be an ‘eligible dividend’ for Canadian income tax purposes. The ex-dividend date is February 20, 2020.

Enhanced Dividend Reinvestment Plan
Parkland’s enhanced Dividend Reinvestment Plan (“Enhanced DRIP”) allows shareholders to reinvest their cash dividends to purchase additional Parkland shares from treasury at a 5% per share discount to the daily volume weighted average trading price on the applicable dividend … Continue Reading

Birchcliff Energy Ltd. Announces Unaudited 2019 Year-End and Fourth Quarter Results and 2019 Reserves Highlights

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CALGARY, Alberta, Feb. 12, 2020 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2019 year-end and fourth quarter financial and operational results and highlights from its independent reserves evaluations effective December 31, 2019.

Jeff Tonken, President and Chief Executive Officer of Birchcliff commented: “2019 was an excellent year for Birchcliff. We executed on our capital plan, achieving record annual average production of 77,977 boe/d and record low annual operating costs of $3.09 per/boe, both of which were in-line with or better than our 2019 guidance. Our annual average production in … Continue Reading

Cenovus delivers strong 2019 financial and operating performance

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CALGARY, Alberta, Feb. 12, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to gain momentum in 2019, generating free funds flow of $361 million in the fourth quarter and approximately $2.5 billion for the year, reducing net debt by 22% year-over-year and completing construction on its Christina Lake phase G oil sands expansion in March. In the fourth quarter of 2019, Cenovus increased its dividend by 25% and reached full ramp-up of its crude-by-rail shipping capacity.

“We continued to deliver on our commitments to shareholders last year,” said Alex Pourbaix, Cenovus President & Chief Executive Officer. … Continue Reading

Cardinal Energy Ltd. Announces Monthly Dividend for February

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CALGARY, Alberta, Feb. 11, 2020 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) confirms that our dividend of $0.015 per common share will be paid on March 16, 2020 to shareholders of record on February 28, 2020. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes.

About Cardinal Energy Ltd.

One of Cardinal’s goals is to continually improve our Environmental, Safety and Governance (“ESG”) mandate and operate our assets in a responsible and environmentally sensitive manner.  As part … Continue Reading

Polaris Infrastructure Declares Quarterly Dividend

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TORONTO, Feb. 11, 2020 /CNW/ – Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, is pleased to announce that its board of directors has declared a quarterly dividend of US$0.15 per common share outstanding.  

This dividend will be paid on February 28, 2020 to shareholders of record at the close of business on February 20, 2020. The dividend is an “eligible dividend” as designated for Canadian federal, provincial and territorial income tax purposes.

The board of directors … Continue Reading

Corridor Resources Inc. Announces Closing of Subscription Receipt Private Placement

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NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

CALGARY, Alberta, Feb. 11, 2020 (GLOBE NEWSWIRE) — Corridor Resources Inc. (“Corridor“) (CDH: TSX) is pleased to announce the closing of its previously announced brokered private placement offering (“Subscription Receipt Private Placement“) of subscription receipts of Corridor (“Subscription Receipts“) pursuant to which Corridor issued 32,608,696 Subscription Receipts at an issue price of $0.92 per Subscription Receipt for aggregate proceeds of $30 million.  Stifel FirstEnergy and National Bank Financial Inc. (the “Co-Lead Agents“) co-led the Subscription Receipt Private Placement … Continue Reading

Beach’s Half Year Report Highlights 100% Successful Appraisal and Development Drilling in Four Oil Fields in ex PEL 91, Bauer-39 Production, Several New Well Locations Identified, Two Successful Gas Wells, Infrastructure Upgrades

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Trading Symbol: NWX (TSX-V)

VANCOUVER, Feb. 11, 2020 /CNW/ – Newport Exploration Ltd (“Newport” or “the Company”) is pleased to report on highlights of Beach Energy Ltd.’s (“Beach”) Report for the Half Year ended 31st December, 2019, as reported in a news release by Beach on 11th February, 2020.  The highlights reported in this news release relate to production and drilling activities on licenses in the Cooper Basin, Australia over which the Company has a 2.5% Gross Overriding Royalty (“GOR”).

Beach Report – Highlights

Beach drilled 20 oil development wells on ex PEL 91, with a 100% success rate.… Continue Reading

TerraVest Industries Inc. Announces Results of 2020 Annual Meeting of Shareholders

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TORONTO, Feb. 11, 2020 /CNW/ – TerraVest Industries Inc. (TSX: TVK) held its annual meeting of shareholders on February 10, 2020 (the “Meeting“). A total of 12,051,959 common shares (representing 65.15% of the 18,497,997 outstanding voting shares) were represented in person or by proxy at the Meeting.

The complete voting results from the Meeting are as follows:

1.      Election of Directors

Each of the nominees proposed in the Corporation’s Management Information Circular dated as of January 7, 2020 was elected.

Name of Nominee

Vote For

%

Withhold Vote

%

Charles Pellerin

11,726,575

98.37%

194,894

1.63%

Blair Cook

11,919,429

99.98%… Continue Reading

Terravest Announces First Quarter Results for Fiscal 2020

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TORONTO, Feb. 11, 2020 /CNW/ – TerraVest Industries Inc., (TSX: TVK) (“TerraVest” or the “Company”) announces its results for the first quarter ended December 31, 2019 and the declaration of its quarterly dividend.

FIRST QUARTER REVIEW AND OUTLOOK

Business Performance

Management believes that there are certain non‐IFRS 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 first quarter ended December 31, 2019 and the comparative period in fiscal 2019.… Continue Reading

International Petroleum Corporation 2019 Year-End Financial Results and 2020 Budget, Production and Resource Guidance

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TORONTO, Feb. 11, 2020 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the year ended December 31, 2019.(1) IPC is also pleased to announce its 2020 capital expenditure budget of USD 149 million and its 2020 production guidance of between 46,000 and 50,000 barrels of oil equivalent (boe) per day (boepd).(2) 2019 year-end proved plus probable (2P) reserves and best estimate contingent resources (unrisked) are respectively 300 million boe (MMboe) and 1,089 MMboe.(2)(3)

Business Development Highlights

  • In January 2020,
    • … Continue Reading