Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


TransGlobe Energy Corporation Announces Second Quarter 2020 Financial and Operating Results for the Three and Six Months Ended June 30, 2020

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AIM & TSX:  “TGL” & NASDAQ:  “TGA”

This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain.

CALGARY, Alberta, Aug. 11, 2020 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2020. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe’s Condensed Consolidated Interim Financial Statements together with the notes related … Continue Reading

Perpetual Energy Inc. Announces Extension of Credit Facility Redetermination

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CALGARY, AB, Aug. 10, 2020 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announced today the extension of the revolving credit period applicable to the Company’s existing $20 million credit facility to October 30, 2020. The credit facility continues to be available on a revolving basis until that date. The date for the redetermination of the borrowing limit has also been extended until October 30, 2020. The extension of the borrowing limit redetermination provides additional time to finalize negotiations with its lenders and for the Company to explore opportunities to enhance its liquidity. … Continue Reading

Essential Energy Services Announces Second Quarter Financial Results

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CALGARY, Alberta, Aug. 10, 2020 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces second quarter results.

SELECTED INFORMATION

  (in thousands of dollars except For the three months ended
June 30, For the six months ended
June 30, per share and percentages)   2020     2019     2020     2019                     Revenue $ 10,955   $ 27,086   $ 52,378   $ 74,532                     Gross margin   876     3,607     9,294     14,166   Gross margin %   8%     13%     18%     19%                     EBITDAS(1)   (492 )   1,408     5,392     8,952                     Net (loss) income before impairment loss(1)   (6,030 )   (1,357 )   (2,232 )   50   Per share – basic and diluted   (0.04 )   … Continue Reading

X-Terra Resources completes geochemical sampling program at the Grog target

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ROUYN-NORANDA, QC, Aug. 10, 2020 /CNW Telbec/ – X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) (“X-Terra“) is pleased to announce that it has completed a soil sampling program over the Grog target, on the Grog property located in Restigouche county, New Brunswick.

Following the interpretation of field data, including the first phase of drill testing (see X-Terra press release dated May 5, 2020), a detailed ground IP geophysics survey will be commencing this week with the goal of further validating targets for a drill program planned for later in 2020.

To date, the Grog area has only … Continue Reading

NXT Energy Solutions Announces Release Date for Its Second Quarter 2020 Results and Conference Call

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CALGARY, Alberta, Aug. 10, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) announces it will release its second quarter 2020 financial and operating results for the quarter ended June 30, 2020, on Thursday, August 13, 2020 after market close.  A conference call to discuss the second quarter 2020 results will be held on Wednesday, August 19, 2020 at 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time).

Details of the conference call are as follows:

Date: Wednesday August 19, 2020 Time: 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time) Participants call: 1-855-783-0506 Conference ID… Continue Reading

Painted Pony Enters into Agreement to be Acquired by Canadian Natural Resources Limited

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CALGARY, Alberta, Aug. 10, 2020 (GLOBE NEWSWIRE) — Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) announces that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with Canadian Natural Resources Limited (the “Purchaser”) (TSX, NYSE: CNQ) pursuant to which the Purchaser has agreed to acquire all of the issued and outstanding common shares of Painted Pony (“Painted Pony Shares”) for cash consideration of $0.69 per Painted Pony Share (the “Purchase Price”). The Purchase Price represents approximately a 30% premium over the twenty-day volume weighted average trading price of the Painted Pony Shares on the … Continue Reading

Ensign Energy Services Inc. Reports 2020 Second Quarter Results

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CALGARY, AB, Aug. 10, 2020 /CNW/ –

SECOND QUARTER HIGHLIGHTS

  • Revenue for the second quarter of 2020 was $194.8 million, a 48 percent decrease from the second quarter of 2019 revenue of $377.5 million.
  • Revenue by geographic area:
  • Canada – $17.0 million, nine percent of total;
  • United States – $128.6 million, 66 percent of total; and
  • International – $49.2 million, 25 percent of total.
  • Canadian drilling recorded 377 operating days in the second quarter of 2020, a 71 percent decrease from 1,317 operating days in the second quarter of 2019. Canadian well servicing recorded
    • … Continue Reading

    Canadian Natural Resources Limited Announces Acquisition of Painted Pony Energy Ltd.

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    CALGARY, Alberta, Aug. 10, 2020 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces it has entered into a definitive arrangement agreement with Painted Pony Energy Ltd. (“Painted Pony”) relating to the acquisition of all the issued and outstanding common shares of Painted Pony, for a cash consideration of $0.69 per share. The Company will also assume Painted Pony’s total debt of approximately $350 million. This transaction value represents approximately 1% of Canadian Natural’s enterprise value and does not materially impact the Company’s balance sheet strength or liquidity position. Painted Pony’s land and production are located … Continue Reading

    Journey Energy Inc. provides banking update

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    CALGARY, AB, Aug. 9, 2020 /CNW/ – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) announces an extension to the forbearance agreement with its banking syndicate. 

    Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance agreement until August 19, 2020.  Journey and its lending syndicate continue to discuss the best path forward to deal with the repayment of its bank borrowings. This extension of the forbearance period will allow Journey additional time to keep pursuing a solution.

    Journey Energy Inc.
    700, 517 – 10th Avenue SW… Continue Reading

    Calfrac Obtains Interim Order in Connection with Recapitalization Transaction And Announces Meetings

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    CALGARY, AB, Aug. 7, 2020 /CNW/ – Calfrac Well Services Ltd. (“Calfrac” or the “Company”) (TSX: CFW) announces that it has obtained an interim order in connection with the  Company’s previously announced recapitalization transaction (the “Recapitalization Transaction“) to be implemented pursuant to a plan of arrangement (the “Plan of Arrangement“) under the Canada Business Corporations Act (“CBCA“), as more particularly described in the Company’s July 14, 2020 press release (the “July 14 Press Release“) and the Company’s July 22, 2020 press release (the “July 22 Press Release“). Key terms of the Recapitalization Transaction, including the $60 million… Continue Reading

    TransAtlantic Petroleum Announces Entry into Agreement and Plan of Merger and Loan and Security Agreement

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    HAMILTON, Bermuda, Aug. 07, 2020 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced that the Company has entered into an Agreement and Plan of Merger and a Loan and Security Agreement.

    Agreement and Plan of Merger

    On August 7, 2020, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, TAT Holdco LLC, a Texas limited liability company (“Parent”) controlled by a group of holders (the “Preferred Shareholder Group”) representing 100% of the Company’s outstanding 12.0% Series A Convertible Redeemable Preferred Shares (the … Continue Reading

    X-Terra Resources Closing of a Strategic Private Placement

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    ROUYN-NORANDA, QC, Aug. 7, 2020 /CNW Telbec/ – X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce the closing of a strategic non-brokered private placement in which it issued 7,000,000 units at a price of $0.10 per unit, for gross proceeds to X-Terra of $700,000. Each of the 7,000,000 units comprises of one common share and one common share purchase warrant. Each warrant entitles its holder to acquire one additional common share of X-Terra at a price of $0.15 until August 7, 2022. X-Terra intends to use the proceeds from the private placement for exploration … Continue Reading