Tuesday, October 27, 2026
HH: $3.03 +0.3%

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From the desk

What moved on Canadian listed names

A few notes each day on what actually happened: a deal close, a dividend date, a guidance tweak. Written here, not copied off a wire. 240 pieces if you need to catch up.

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Oil

Ovintiv Agrees to Buy Logan Energy for $1.40 Cash. Logan Oil Spin Is Not Closing Day

Logan Energy said October 26 it signed an arrangement agreement for Ovintiv Canada to acquire all Logan shares for $1.40 cash each, valuing Logan at about $1.26 billion including net debt, alongside a spin-out of Logan Oil Corp. to shareholders. Total headline consideration is about $1.48 per share when the spin and warrants are included. This is a signed plan of arrangement. It is not shareholder approval and not an effective close.

Markets

Canadian Natural Targets November 5 for Q3. Horizon Turnaround Is Not Today's Filing

Canadian Natural Resources lists November 5, 2026 for third-quarter results on its investor events page, with a conference call at 9:00 a.m. Calgary time. The November date is the company calendar. It is not filed Q3 cash flow and not a Horizon maintenance completion certificate.

Oil

Imperial Sets October 30 Q3 Call at 9:00 a.m. MT. Kearl Volumes Are Not in This Note

Imperial Oil said October 20 it will host a third-quarter 2026 earnings call on Friday, October 30, after that morning's results release. Chairman and CEO John Whelan and investor relations will take analyst questions on a webcast starting at 9:00 a.m. Mountain. This is the call invitation. It is not Q3 net income.

Oil

Suncor Sells East Coast Stakes to Ithaca for C$1.2 Billion. Buyback Pace Rises

Suncor Energy said October 4 it agreed to sell its interests in Terra Nova, White Rose, and West White Rose to Ithaca Energy for C$1.2 billion upfront plus up to C$350 million in contingent payments, while lifting its share repurchase target to C$750 million per month from C$500 million. The deal is a portfolio carve-out. It is not a Fort Hills operating update.

Markets

Ensign Books November 6 for Q3 2026. The Release Is Not Rig Count Yet

Ensign Energy Services said October 26 it will report third-quarter 2026 results on Thursday, November 6, with a conference call the same morning at 10:00 a.m. Mountain. The Calgary services name is calendar-only today. It is not quarterly financials and not a fleet utilization update.

LNG

Woodfibre Deetken Study Cites $13.6 Billion Output. First LNG Is Still 2027

Woodfibre LNG said October 22 a Deetken Insight report puts nearly $13.6 billion in Canadian economic output from construction so far and $11.6 billion in projected government revenue over 40 years. Enbridge Inc. owns 30 percent. The project is about 75 percent complete. That is an impact study, not first cargo.

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Trends

Macro read-through from the archive

When the book moves, we rebuild the sector view — gas, oil, pipes, power — from everything we have filed. Members get the full dashboard, the notebook, and a promoted company.

WTI is $100.85/bbl, -0.9% on the session. Brent is $109.78/bbl. Henry Hub is $3.03/MMBtu, +0.3%. Dutch TTF is €96.08/MWh, about $31.47/MMBtu (-0.6%). The seaborne bid is still far above the North American prompt. Latest: Ovintiv Agrees to Buy Logan Energy for $1.40 Cash. Log...

Last analysis: Oct 27, 2026 2:07 AM UTC · October 2026

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Analysis from Oct 27, 2026 2:07 AM UTC
HH $3.03/MMBtu this session (+0.3%). TTF ~$31.47/MMBtu.
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International latest

Updated October 22, 2026

Pipeline construction through open ground
International

TC Energy Agreed to Sell the Guadalajara-Manzanillo Line. Close Is Still 2027

TC Energy said Monday it will sell Energia Occidente de Mexico, owner of the 313-kilometre Guadalajara-Manzanillo gas line, to ESENTIA for $560 million (US$400 million). The pipe moves up to 500 MMcf a day. Close is the first half of 2027, subject to approvals.

September 22, 2026 3 min read
Oil tanker in a harbour
International

WTI Dropped Through $100. Saudi Has Not Confirmed Yanbu Damage

Reuters had the October WTI contract at $97.61 a barrel at 8:54 a.m. ET Monday, down $2.69 or 2.7 percent. November Brent was $101.18, down $2.69 or 2.6 percent. Houthis said they hit Yanbu on Saturday. Saudi Arabia has not confirmed damage there.

September 21, 2026 3 min read
Tanker and industrial plant at a waterfront
International

WTI Is $102.15 This Morning. Yanbu Still Is Not Loading

Reuters had Brent down 88 cents, or 0.84 percent, to $103.94 at 1225 GMT Friday. WTI was little changed at $102.15. Brent is on track for its first weekly loss in three. Reports say Saudi Arabia wants about half of East-West capacity back within days. Yanbu loadings have not been declared back.

September 18, 2026 3 min read
Industrial plant and tanker at a waterfront
International

WTI Is $100.47 This Morning. Yanbu Still Is Not Loading

Reuters had Brent down $3.11 to $102.72 and WTI down $1.96 to $100.47 at 1324 GMT Thursday, a one-week low. Saudi extra cargoes off Oman took heat out of the tape. The East-West line and Yanbu loadings have not been declared back.

September 17, 2026 3 min read
International

WTI Settled $102.43 After Saudi Offered More Crude via Oman. Brent Closed $105.83

Reuters said Wednesday WTI fell $3.40 to $102.43 and Brent fell $2.92 to $105.83 after Saudi Arabia offered extra Asian cargoes through ship-to-ship transfers off Oman. Yanbu loadings stay suspended. EIA showed a 640,000-barrel U.S. crude draw.

September 16, 2026 3 min read
International

WTI Settled $105.83 After Yanbu Loadings Stopped. Brent Closed $108.75

Reuters said Tuesday that crude loadings at Saudi Arabia's Red Sea port of Yanbu were suspended and that some late-September cargoes to Europe were cancelled. WTI rose $4.44 to $105.83. Brent rose $3.07 to $108.75. Both prints are the highest since May 19.

September 15, 2026 3 min read
International

Westinghouse Filed a Confidential S-1. Cameco and Brookfield Renewable Still Own the Plant Maker

On July 31 Cameco said Westinghouse Electric Company, jointly owned with Brookfield Renewable Partners, confidentially submitted a draft Form S-1 for a proposed IPO of common stock. Share count and price range have not been set. The offering is subject to market conditions.

September 13, 2026 3 min read
International

Saudi Arabia Shut the East-West Pipe After Drone Hits. The Seaborne Tape Is Still Over $100

Reuters reported September 11 that Saudi Arabia temporarily shut the East-West oil pipeline after attacks in the Riyadh and Medina regions. The line can move about 7 million barrels a day to the Red Sea, bypassing Hormuz. Brent was still above $100 into Friday's close.

September 12, 2026 3 min read
International

China Is Still the Last Stamp on Anglo Teck. September Opened Without a Close

Reuters reported September 9 that Chinese antitrust clearance remains the last major outstanding approval for the Anglo American and Teck merger. Teck's September 1 note still pointed to completion eleven trading days after remaining conditions clear, inside a September 2026 to March 2027 window.

September 12, 2026 3 min read
International

Hodgson and Shmyhal Signed in Calgary. Cameco's Ukraine Book Runs Through 2035

On September 10 Energy Minister Tim Hodgson and Ukraine's Denys Shmyhal signed a joint energy statement in Calgary. Canada added $10 million to the Energy Support Fund, up to $757 million of EBRD gas-purchase guarantees, and restated the Energoatom-Cameco uranium deal through 2035.

September 11, 2026 3 min read
International

North American Construction Raised the Year on Australia. Canada Oil Sands Revenue Fell

On August 12 North American Construction said combined second-quarter revenue was a record $456.1 million. Adjusted EBITDA was $93.5 million. Combined 2026 revenue guidance moved to $1.6 billion to $1.8 billion. EBITDA guidance did not. Canada heavy-equipment revenue fell 17 percent to $121.8 million. Australia rose 65 percent after the April 7 IMC buy.

August 28, 2026 3 min read
International

Northland Put First Baltic Power Electrons on Poland's Grid. COD Is Still Second Half

On August 12 Northland said Baltic Power, 1.1 gigawatts in Poland, delivered first offshore-wind power to the national grid. 61 of 76 turbines were installed and 15 were generating. Commercial operations are still aimed at the second half of 2026. Second-quarter adjusted EBITDA was $259 million. The quarter printed a $54 million net loss.

August 27, 2026 3 min read
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