Calpers, the biggest public pension plan in the United States, is considering a vote against ExxonMobil chief executive Darren Woods’ re-election to the company's board in the face of shareholder discontent over a lawsuit it filed against two climate-focused investors, the Financial Times reported on Friday. Investors led by U.S. activist investment firm Arjuna Capital and shareholder activist group Follow This earlier this year asked Exxon and other oil majors to adopt tighter climate [Read more]
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Prospera provides status update
CALGARY, Alberta, May 09, 2024 (GLOBE NEWSWIRE) -- Prospera Energy Inc. ("Prospera" or the "Corporation") (TSX.V:PEI, OTC:GXRFF, FRA:OF6B, OF6B.SG, OF6B.BE) announces that further to its news release dated April 25, 2024, the Corporation's principal regulator, the Alberta Securities Commission (the "ASC") granted a management cease trade order (the "MCTO") on May 7, 2024, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). Pursuant to the MCTO, Samuel David, the Chief [Read more]
Panama Canal in talks with US LNG producers to increase transit
The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal's administrator Ricaurte Vasquez told Reuters in an interview. The canal is typically used by U.S. Gulf Coast exporters to send LNG cargoes to Asia via the Pacific Ocean, but from last year low water levels forced cuts to daily crossings, driving many producers to seek more costly or longer alternative [Read more]
Headwater Exploration Inc. announces results of annual shareholder meeting
CALGARY, AB, May 9, 2024 /CNW/ - Headwater Exploration Inc. ("Headwater") (TSX: HWX) is pleased to announce that the nominees listed in Headwater's management information circular dated March 25, 2024 were elected as directors of Headwater at its annual meeting of shareholders (the "Meeting") held today, May 9, 2024. In addition, all other matters considered at the Meeting were approved by Headwater's shareholders. On a vote by ballot, each of the following ten nominees proposed by management [Read more]
Heavy oil discount widens
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Thursday: • WCS for June delivery in Hardisty, Alberta, closed at $12.20 a barrel below WTI, according to brokerage CalRock, after closing at $11.70 a barrel below the benchmark on Wednesday. • Canadian heavy crude differentials remain relatively strong thanks to the 590,000 barrel per day (bpd) Trans Mountain pipeline expansion (TMX) starting commercial [Read more]
Baytex reports shareholder meeting results
Calgary, Alberta--(Newsfile Corp. - May 9, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) reports that all matters presented for approval at the annual meeting of shareholders held today were approved. A total of 316,924,889 common shares being 38.56% of Baytex's issued and outstanding shares were represented at the meeting. At the meeting, all of the nominees proposed as directors were duly elected. Results of the vote are set out below: Votes For Name of [Read more]
Journey Energy Inc. generates $18 million in adjusted funds flow, announces participation in a Duvernay joint venture, and continues construction of Gilby power facility in the first quarter of 2024
Calgary, Alberta--(Newsfile Corp. - May 9, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") announces its financial results for the first quarter of 2024. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2024 and 2023 are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca. Highlights for the first quarter and year to date are as follows: Generated sales volumes of [Read more]
Advantage announces renewal of normal course issuer bid and automatic share purchase plan
(TSX: AAV) CALGARY, AB, May 9, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") announced today that the Corporation is proceeding with, and the Toronto Stock Exchange (the "TSX") has approved, the Corporation renewing its normal course issuer bid (the "Bid"). Pursuant to the Bid, Advantage will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 13,835,841 common shares of the Corporation. The Bid will commence on May 14, 2024 and [Read more]
Kiwetinohk announces annual general and special meeting results
CALGARY, AB, May 9, 2024 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) held its Annual General and Special Meeting of Shareholders on May 9, 2024. The total number of common shares represented by shareholders at the meeting and by proxy was 34,350,927, representing 78.67% of the Company's outstanding common shares. At the meeting, shareholders considered the following resolutions: 1. Election of Directors: The nine director nominees were elected. The votes by ballot were received as [Read more]
Cardinal Energy Ltd. announces first quarter 2024 operating and financial results and 2024 budget update
Calgary, Alberta--(Newsfile Corp. - May 9, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the first quarter ended March 31, 2024. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE FIRST QUARTER OF 2024 Production for the first quarter of 2024 was consistent with the first quarter of 2023 and was higher than budget for the quarter. First quarter production further evidenced the strength of Cardinal's [Read more]
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