SECOND QUARTER 2021 HIGHLIGHTS ARC successfully closed the strategic Montney combination with Seven Generations Energy Ltd. (“Seven Generations”) on April 6, 2021 (the “Business Combination”), to become the largest pure-play Montney producer, and remains well on track to deliver annual synergies of $160 million for 2022. ARC’s board of directors (the “Board”) has approved a […]
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Capital allocation strategy Topaz’s hybrid royalty and infrastructure business provides transparent, embedded & self-funded growth and balanced commodity exposure. Through execution of the Company’s acquisition growth strategy, Topaz has doubled its second quarter total revenue and other income (1) from the prior year with a corresponding increase of over 2.0 times on both EBITDA (2) […]
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Successful completion of first half and an early start to the second half 2021 drilling program Continued debt paydown and higher funds flow from operations Calgary, Alberta – OBSIDIAN ENERGY LTD. ( TSX: OBE ) ( OTCQX: OBELF ) (“ Obsidian Energy “, the “ Company “, “ we “, “ us ” or “ […]
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Oil, steam and natural gas pipelines run through the forest at the Cenovus Foster Creek SAGD oilsands operations near Cold Lake, Alberta. CALGARY — Two of Canada’s largest oil producers are profitable again as the North American crude oil benchmark trades at its highest monthly price in seven years and major companies promise to spend […]
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View image in full screen A file photo of Cenovus CEO Alex Pourbaix. Cenovus Energy Inc. swung to a $224-million net profit in its latest quarter on a large recovery in sales due to improved market conditions since the onset of the COVID-19 pandemic and its takeover of rival Husky Energy Inc . The Calgary-based […]
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HOUSTON, July 29, 2021 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the second quarter of 2021. Second Quarter 2021 Financial Results Revenue for the second quarter of 2021 was $195.6 million compared to $220.3 million in the second quarter of 2020. Net income for the second quarter of 2021 was […]
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S&P Global inc (NYSE: SPGI) Q2 2021 Earnings Call Jul 29, 2021, 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning. Welcome to S&P Global’s Second Quarter 2021 Earnings Conference Call. [Operator Instructions] To access the webcast and slides, go to investor.spglobal.com. [Operator Instructions] I would now like […]
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Cenovus Energy Inc. safety hats sit on a table at the Christina Lake oil production facility in Alberta. Article content Global crude prices have averaged around US$69 in the quarter, furthering a recovery that began late in 2020. Prices were trading around US$75 on Thursday. Cenovus, one of Canada’s largest producers, said its total production […]
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Canadian oil sands producer Suncor Energy said on Thursday that work needed to stabilize a slope at its Fort Hills mine in northern Alberta will delay a ramp-up in production and add to cash operating costs. The company discovered in July that it will need to change the slope of the south face of the […]
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(Adds details, updates prices throughout) July 29 (Reuters) – Canada’s main stock index rose on Thursday, as miners tracked gold prices higher after the U.S. Federal Reserve doused prospects of an increase in lending rates. * Bullion prices rose more than 1% to a near two-week high after the U.S. central bank’s statement. * Fed […]
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