Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Parkland Fuel Corporation Announces June 2019 Dividend

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CALGARY, Alberta, June 12, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI) announces that a dividend of $0.0995 per share will be paid on July 15, 2019 to shareholders of record on June 21, 2019. The dividend will be an ‘eligible dividend’ for Canadian income tax purposes. The ex-dividend date is June 20, 2019.

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

Alvopetro Announces Operational Update

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CALGARY, June 12, 2019 /CNW/ – Alvopetro Energy Ltd. (TSX-V: ALV; OTCQX: ALVOF) announces a permitting and operational update for the construction of our strategic midstream infrastructure (100% Alvopetro) underpinning the commercialization of our Caburé natural gas field (49.1% Alvopetro).  This midstream infrastructure includes an 11-kilometre transfer pipeline (the “Transfer Pipeline”) and the construction of a gas treatment facility (the “Facility”).

Permitting/Permissions

  • On May 10, 2019, INEMA, the Bahia State environmental regulator, issued the environmental installation permits required to commence construction,
  • On May 22, 2019, the ANP issued their authorizations to commence physical construction of the Facility,
    • … Continue Reading

    Keyera Announces June 2019 Dividend

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    CALGARY, June 12, 2019 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced today a cash dividend for June 2019 of 15.00 cents per common share. The dividend will be payable on July 15, 2019, to shareholders of record on June 24, 2019. The ex-dividend date is June 21, 2019. 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 expertise … Continue Reading

    Perpetual Energy Inc. Applies for Judicial Review to Challenge Municipal Property Tax Assessment Guidelines

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    CALGARY, June 11, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company“) has filed an application with the Court of Queen’s Bench of Alberta seeking a judicial review of the previous NDP government’s Minister of Municipal Affairs’ Guidelines published December 13, 2018 (the “Minister’s Guidelines“) as they relate to how assessed values of linear property, machinery and equipment are calculated for the purpose of municipal property tax. The Company believes the current assessment process is inequitable, unreasonable, and creates results not reflective of actual value, especially for mature assets.

    A recent Supreme Court of Canada decision … Continue Reading

    Perpetual Energy Inc. Successfully Completes Senior Note Refinancing

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    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICE/

    CALGARY, June 11, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company“) is pleased to announce that it has successfully completed the previously announced early redemption of all of the $14.6 million aggregate principal amount of 8.75% senior notes maturing July 23, 2019 (the “2019 Senior Notes“) effective June 11, 2019 (the “Senior Note Refinancing“).

    Pursuant to the Senior Note Refinancing, Perpetual issued $15.7 million of 8.75% senior notes due January 23, 2022 (the “2022 Senior Notes“) to fully redeem the 2019 Senior … Continue Reading

    Hyduke Energy Services Inc. Announces B.W. Rig Bankruptcy

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    LEDUC, AB, June 11, 2019 /CNW/ – Hyduke Energy Services Inc. (“Hyduke” or the “Company“) (HYD – TSX) wishes to report on the following matters:

    B.W. Rig Supply Inc. Bankruptcy Proceedings

    B.W. Rig Supply Inc. (“B.W. Rig“), a wholly-owned subsidiary of Hyduke, has decided not to proceed with filing a restructuring proposal in regards to the Notice of Intention to Make a Proposal pursuant to the provisions of Part III of the Bankruptcy and Insolvency Act (Canada) and as at the … Continue Reading

    Keyera Corp. Announces $600 Million Hybrid Note Offering

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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 LAWS./

    CALGARY, June 11, 2019 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced today that it has priced a Canadian offering of $600 million of 6.875% fixed-to-floating rate subordinated notes due June 13, 2079.

    The offering is expected to close on June 13, 2019 and the net proceeds will be used to fund Keyera’s ongoing capital program, repay indebtedness under Keyera’s revolving credit facility, and for general corporate purposes.

    The notes are being offered through an underwriting … Continue Reading

    Corrected Press Release: Shawcor Announces International Offshore Pipe Coating Contracts

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    TORONTO, June 11, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) earlier today announced that its pipe coating division has entered into contracts with an international EPC contractor to provide coating services for offshore pipeline projects. The earlier release incorrectly identified certain projects. The corrected list of projects is as follows:

  • Petrobras’ Mero in Brazil
  • ConocoPhillips’ Tor 2 in Norway
  • BP’s Atlantis in the Gulf of Mexico
  • Shell’s Powernap in the Gulf of Mexico
  • Neptune Energy’s Gjøa P1 and Duva in Norway

    • These projects will be executed within Shawcor’s network of coating facilities, including Serra in Brazil, Orkanger in Norway … Continue Reading

    Pulse Oil Corp. Announces Exciting Conclusions in the Nisku D & E Enhanced Oil Recovery Petrotechnical Modelling Study

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    CALGARY, June 11, 2019 /CNW/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) is pleased to announce the key findings of Pulse’s enhanced oil recovery (“EOR”) study.

    Schlumberger Canada Ltd, one of the world’s leading providers of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, was awarded the contracts to complete all three phases of the Company’s petrotechnical modelling of the Bigoray Nisku D and E Pools, prior to physical implementation of the EOR schemes.

    The three phases of Pulse’s EOR study were defined as:

    Geological Study

    Geological and … Continue Reading

    Shawcor Announces International Offshore Pipe Coating Contracts

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    TORONTO, June 11, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) today announced that its pipe coating division has entered into contracts with an international EPC contractor to provide coating services for the following offshore pipeline projects:

  • Petrobras’ Mero in Brazil
  • ConocoPhillips’ Tor 2 in Norway
  • BP’s Atlantis in the Gulf of Mexico
  • Energean’s Karish in the Mediterranean Sea
  • Shell’s Powernap in the Gulf of Mexico
  • Equinor’s P1 and Duva in Norway

    • These projects will be executed within Shawcor’s network of coating facilities, including Serra in Brazil, Orkanger in Norway and Channelview in the United States during 2019-2020. Coating work … Continue Reading

    Renaissance Announces Strategic Investment by Pierre Lassonde

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    VANCOUVER, June 11, 2019 /CNW/ – Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V: ROE) (OTCQB: RNSFF) is pleased to announce that it has issued to a company wholly-owned by Pierre Lassonde 10 million common shares of the Company (the “Shares”) at a price of C$0.20 per Share for proceeds to the Company of C$2 million (the “Investment”).

    The proceeds from the Investment will be used to acquire additional oil and gas rights in Mexico, fund capital expenditures and for general corporate purposes.

    The Investment is subject to final acceptance by the TSX Venture Exchange. The Shares are … Continue Reading

    Southern Energy Corp. Announces Completion of Rights Offering

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    /NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./

    CALGARY, June 10, 2019 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (SOU: TSXV) is pleased to announce the completion of its previously announced Rights Offering to holders (“Shareholders“) of common shares of the Company (“Common Shares“). Under the Rights Offering, Shareholders subscribed for and purchased an aggregate of 19,413,306 Common Shares at a price of $0.10 per Common Share, resulting in proceeds to the Company of approximately $1.94 million.  Of such Common Shares, … Continue Reading