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

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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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LNG latest

Updated October 22, 2026

LNG storage tanks and process plant on an industrial island
LNG

Ottawa and B.C. Cleared Tilbury Phase 2. FortisBC Has Not Called an FID

B.C. issued an environmental assessment certificate Monday afternoon. Ottawa's decision statement followed at 5:54 p.m. ET. The expansion adds a storage tank and equipment for up to 7,700 tonnes of LNG a day at the existing Delta site. FortisBC still has a final investment decision ahead.

September 22, 2026 3 min read
Transmission lines at sunset
LNG

Woodfibre Kept the Brackendale Line. The 500 kV Option Is Off

On September 15 BC Hydro and Woodfibre LNG told Brackendale owners the 2015 500 kV step-down option will not proceed. A second 138 kV line will stay in the existing right of way. Enbridge still holds 30 percent of the Squamish plant.

September 17, 2026 3 min read
LNG

Ksi Lisims Signed a 1-Million-Tonne HOA With Santos. That Is Not an FID

Western LNG said September 14 Santos agreed key terms for 1 million tonnes a year of Ksi Lisims LNG for up to 20 years, FOB. Ottawa posted it September 15 as a third international offtake this year. Santos called the HOA non-binding. Supply is aimed around 2031.

September 16, 2026 3 min read
LNG

LNG Canada Phase 2 Still Has No FID. Kitimat's Second Wave Is Engineering

Partners issued a limited notice to proceed on June 1 so the Fluor-JGC joint venture can do early planning and long-lead work. Phase 2 would double Kitimat from 14 million tonnes a year to about 28. Mid-September has brought no final investment decision.

September 14, 2026 3 min read
LNG

Woodfibre Was 65 Percent Built in June. Enbridge Still Holds 30 Percent of a 2027 Startup

Woodfibre LNG CEO Luke Schauerte said June 12 the Squamish plant was 65 percent complete after the powerhouse module arrived, with startup targeted for 2027. Enbridge holds 30 percent. Pacific Energy holds 70 percent. Nameplate is about 2.1 million tonnes a year.

September 13, 2026 3 min read
LNG

Cedar's Certificate Now Allows 3.75 Million Tonnes. Kitimat's Second Plant Is Still a 2028 Story

On July 10 the B.C. Environmental Assessment Office amended Cedar LNG's certificate to 500 MMcf per day of liquefaction, about 3.75 million tonnes a year, up from 3.0. Pembina and the Haisla Nation still target in-service in late 2028.

September 11, 2026 3 min read
LNG

AltaGas Raised the Year on LPG Cargoes. REEF Slipped to Early 2027 and Cost More

On July 30 AltaGas lifted 2026 normalized EBITDA to $2.0 billion to $2.1 billion after a record 144,420 barrels a day of LPG exports. REEF is about 85 percent complete. The partnership raised the project to about $1.5 billion and pushed commercial operations into the first quarter of 2027.

August 25, 2026 3 min read
LNG

B.C. Cleared FortisBC's $2 Billion Tilbury Add-On. Construction Is Still a 2027 Question

Fortis Inc. said July 31 that the province let FortisBC advance Tilbury Phase 1B, about $2 billion of regulated kit for marine LNG in the Port of Vancouver. An order in council on July 24 skipped the usual BCUC certificate. Steel is aimed at 2027. Service is aimed at 2031.

August 23, 2026 3 min read
LNG

A Year In, LNG Canada Is Finally Running Like the Plant People Promised

First cargo left Kitimat at the end of June 2025. Train 2 started in November. By spring the facility was near 87 percent utilization. Energy Intelligence says it is now approaching full use as Asia bids for cargoes the Middle East cannot send.

August 21, 2026 3 min read
LNG

LNG Canada Phase 2 Has a Limited Notice to Proceed. The Real Decision Is Still Ahead

Partners authorized early work in June and Ottawa tagged the expansion a national-interest project. Phase 2 would double Kitimat to 28 million tonnes a year at a cost around C$33 billion. FID is still a late-2026 call.

August 21, 2026 3 min read
LNG

Freeport Is Still Offline and Train 3 Just Tripped. Golden Pass Is Crawling Up

Freeport maintenance has kept about 2 Bcf per day off the water since July 10. Train 3 tripped on August 19 after a power-feed interruption. Golden Pass loaded its seventh cargo this week as feedgas hit a six-week high. The U.S. export recovery is not here yet.

August 21, 2026 3 min read
LNG

Cedar Just Got Room to Grow and Woodfibre Is Past Halfway. Canada's Second Wave Is Steel, Not Slides

B.C. approved Cedar LNG at 3.75 million tonnes a year, up 25 percent. The Haisla-majority plant targets late 2028. Woodfibre near Squamish is about 60 percent built for 2027. Together with Kitimat they would give Canada three Pacific export docks.

August 21, 2026 3 min read
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