Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Obsidian Energy Provides Compelling Reasons why Bonterra Shareholders Should Tender their Shares to the Offer

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  • Combination Creates a Stronger Company with a Far Superior Future
  • Markets are rewarding Consolidation with Share Price Appreciation

    • CALGARY, AB, Jan. 14, 2021 /CNW/ – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy” or the “Company“) today provided Bonterra Energy Corp. (“Bonterra“) shareholders with compelling reasons why combining Bonterra and Obsidian Energy is in their best interests through increased shareholder value.

    “Our in-depth financial and operational analysis clearly shows that the value as a combined entity results in far greater share price appreciation and upside than either company could achieve on a stand-alone basis under a variety of … Continue Reading

    Parkland Corporation Announces January 2021 Dividend

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    CALGARY, Alberta, Jan. 13, 2021 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”) (TSX:PKI) announces that a dividend of $0.1012 per share will be paid on February 15, 2021 to shareholders of record on January 22, 2021. The dividend will be an ‘eligible dividend’ for Canadian income tax purposes. The ex-dividend date is January 21, 2021.

    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 average of the daily volume weighted average trading prices during the … Continue Reading

    Pembina Pipeline Corporation Announces $600 Million Hybrid Note Offering

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    CALGARY, AB, Jan. 12, 2021 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) announced today that it has priced an offering of $600 million of 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 25, 2081 (the “Offering”).

    The Offering is expected to close on or about January 25, 2021, subject to customary closing conditions. Pembina expects to use the net proceeds of the Offering to redeem or repurchase its outstanding cumulative redeemable minimum rate reset Class A Preferred Shares, Series 11 (TSX: PPL.PR.K) and its cumulative redeemable minimum rate reset Class A … Continue Reading

    Keyera Announces January 2021 Dividend

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    CALGARY, AB, Jan. 12, 2021 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today a cash dividend for January 2021 of 16.00 cents per common share. The dividend will be payable on February 16, 2021, to shareholders of record on January 22, 2021. The ex-dividend date is January 21, 2021. 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 energy infrastructure business with extensive interconnected assets and … Continue Reading

    Shamaran Announces Issuance of Summons to Its Bondholders

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    VANCOUVER, BC, Jan. 12, 2021 /CNW/ – ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North Growth Market: SNM) is pleased to announce the issuance today of a Summons for Written Resolution from Nordic Trust AS as Bond Trustee to all Bondholders of the Company’s 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6) (the “Bonds”) setting out the details of the Proposal (set forth below) with a voting period ending on January 26, 2021. View PDF version.

    DISCUSSIONS WITH BONDHOLDERS

    The Company has been in discussions with the informal Ad Hoc Committee representing … Continue Reading

    Petrus Resources Announces First Quarter 2021 Capital Budget

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    CALGARY, Alberta, Jan. 12, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to provide its first quarter capital budget and outlook for 2021.

    Petrus’ Board of Directors has approved a first quarter 2021 capital budget of $9.0 million to drill three (2.1 net) Cardium wells in the Ferrier area. With the risk of volatility in the price of Canadian light oil and natural gas, the Company believes that it is prudent to maintain a disciplined capital budget that is flexible from an operational and financial perspective. Petrus will continue to monitor the Canadian … Continue Reading

    Michigan Governor’s Attempt to Revoke Line 5 Easement is Unlawful and Ignores Science and Evidence

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    Enbridge Rejects State’s Notice on Easement, Says State’s Action is Unlawful

    CALGARY, AB and LANSING, Mich., Jan. 12, 2021 /CNW/ – Today Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the company) responded to Michigan Governor Gretchen Whitmer’s attempt to terminate an easement that has been in place since 1953 and thereby close Enbridge’s Line 5 dual pipelines located in that easement. Line 5 enables the safe transport of fuel to heat homes and provides energy to Michigan, neighboring U.S. states and Canada’s two largest provinces.

    In a letter responding to the State’s November 13 notice, Vern Yu… Continue Reading

    Tamarack Valley Energy Announces 2021 Guidance and Corporate Update

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    TSX: TVE

    CALGARY, AB, Jan. 11, 2021 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) announces that the Board of Directors (the “Board“) has approved a 2021 capital budget of $105 to $110 million, designed to grow corporate oil production by approximately 30% on an exit-over-exit basis, generate significant free adjusted funds flow and maintain a strong balance sheet with a debt to trailing annual adjusted funds flow of less than 1.5 times. While 2020 was a challenging year on many fronts, Tamarack’s financial discipline and operational strength enabled the Company to capture additional … Continue Reading

    PrairieSky Royalty Announces Conference Call For 2020 Annual Results

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    CALGARY, Alberta, Jan. 11, 2021 (GLOBE NEWSWIRE) — PrairieSky will release its annual and Q4 2020 results on Monday, February 8, 2021 after markets close. The news release detailing PrairieSky’s Annual and Q4 2020 results will provide operating and financial information. Financial statements, management’s discussion and analysis and the annual information form will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR at www.sedar.com.

    A conference call to discuss the results will be held for the investment community on Tuesday, February 9, 2021 beginning at 6:30 am MT (8:30 am ET). To participate in the conference call, approximately … Continue Reading

    Polaris Infrastructure Extends Memorandum of Understanding for 10 MW Run-of-River Hydro Project in Panama

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    TORONTO, Jan. 11, 2021 /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, announced today that it has extended the period of exclusivity to June 30, 2021 for the Memorandum of Understanding (“MOU”) signed in 2020 to acquire the owner of a Panama-based 10 MW run-of-river hydro project called Chuspa (the “Project”) from Navitas Holdings, Inc. of Panama. 

    Due to restrictions arising from Covid-19 Polaris was unable to commence the construction of the Project in 2020.  … Continue Reading

    Pason to Release 2020 Fourth Quarter Results on February 24, 2021

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    CALGARY, AB, Jan. 11, 2021 /CNW/ – Pason Systems Inc. (TSX: PSI) intends to release its 2020 fourth quarter results after the markets close on Wednesday, February 24th, 2021.

    Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2020 fourth quarter results at 9:00 am (Calgary time) on Thursday, February 25th, 2021. The conference call dial-in number is 1-888-231-8191 or 1-647-427-7450. You can access the seven-day replay by dialing 1-855-859-2056 or 1-416-849-0833, using password 9829429.

    An archived audio webcast of the conference call will also be available … Continue Reading

    Inter Pipeline Announces January 2021 Cash Dividend

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    CALGARY, AB, Jan. 11, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today the declaration of a cash dividend of $0.04 per share for January 2021. This dividend will be paid on or about February 16, 2021 to shareholders of record on January 22, 2021. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

    Since inception, Inter Pipeline has distributed approximately $6.2 billion in cash payments to investors. Inter Pipeline’s objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline’s … Continue Reading