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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Natural Gas latest

Updated October 26, 2026

Gas plant process towers and stacks
Natural Gas

EIA Put 53 Billion Cubic Feet Into Storage. That Is Not an AECO Print

The U.S. Energy Information Administration said working gas was 3,351 Bcf as of Friday, September 18. The print landed Thursday at 10:30 a.m. Stocks sit 146 Bcf under last year and 95 Bcf over the five-year average. The next weekly report is October 1.

September 25, 2026 3 min read
Oil storage tanks beside a harbour
Natural Gas

EIA Put 44 Billion Cubic Feet Into Storage. That Is Not an AECO Print

The U.S. Energy Information Administration said working gas was 3,298 Bcf as of Friday, September 11. The print landed Thursday at 10:30 a.m. Stocks sit 122 Bcf under last year and 118 Bcf over the five-year average. The next weekly report is September 24.

September 18, 2026 3 min read
Natural Gas

Birchcliff Records a Three-Cent Dividend Today. Malin Still Starts in 2027

Birchcliff's board declared a $0.03 quarterly dividend payable September 29 to holders of record September 15. The August 12 quarter added 35,000 MMBtu a day of Malin service from 2027 through 2030. That is an Oregon index, not a 2026 AECO volume add.

September 15, 2026 3 min read
Natural Gas

TC Energy Says It Will Keep Spending on NGTL. Alberta's Leak Said the System Is Tight

On September 14 TC Energy said natural gas demand is growing faster than infrastructure can be built and that it has put more than $15 billion into Alberta expansions over the last decade, with more than $1 billion of sanctioned projects still adding capacity. The note follows a leaked Alberta cabinet report that called NGTL plans misaligned with provincial demand.

September 14, 2026 3 min read
Natural Gas

Canadian Utilities Has AUC Approval to Build Yellowhead. The Pipe Is $2.9 Billion and Fully Contracted

On July 20 Canadian Utilities said the Alberta Utilities Commission approved construction of the Yellowhead Pipeline, a $2.9 billion, 235-kilometre, 36-inch gas line from Peers to Fort Saskatchewan. Construction was set to begin immediately. The line is fully contracted.

September 13, 2026 3 min read
Natural Gas

Pembina Sanctioned Heartland Extraction for $570 Million. Dow's Ethane Starts in 2029

Pembina is proceeding with the Heartland Extraction Plant, a roughly $570 million project with a late-2029 in-service target. A long-term agreement supplies Dow with ethane from the plant beginning in late 2029, scaling to 22,500 barrels per day by the end of 2030.

September 12, 2026 3 min read
Natural Gas

Peyto's September Letter Marked Three Years After Repsol. Deep Basin Volumes More Than Doubled

Peyto's September 3 shareholder letter said production on the former Repsol Deep Basin lands rose from about 23,000 to 53,000 boe per day. The company has repaid $347 million of debt since the $636 million deal and still aims to exit 2026 above 150,000 boe per day.

September 11, 2026 3 min read
Natural Gas

Advantage Closed the Wembley Sale for $316 Million. Buybacks Are Back On

On September 11 Advantage completed the sale of its Wembley area assets for $316 million in gross cash proceeds, ahead of the August 26 timeline. Proceeds went to reduce bank debt. The company said it has resumed significant share repurchases.

September 11, 2026 3 min read
Natural Gas

Enbridge's September 10 Line 5 Update: Restart Target Is Tomorrow. DNR Permitting Continues

In a September 10 update Enbridge said parallel work continues on site remediation and the temporary bypass near Saxon, Wisconsin. Water and air monitoring show no impacts. Line 5 remains shut with a September 12 return-to-service goal.

September 11, 2026 3 min read
Natural Gas

Keyera's Line 5 Exposure Counts Down to Tomorrow. The $30 Million Marketing Hit Hinges on Restart

Keyera revised September 3 its 2026 Marketing margin guidance to $320 million to $350 million, citing Line 5 and AEF. Enbridge's September 10 update kept a September 12 restart target. Keyera's dividend record date is Monday September 15.

September 11, 2026 3 min read
Natural Gas

Enbridge Says Line 5 Bypass Work Is on Schedule. Restart Target Is Still Friday

In a September 9 update Enbridge said crews made good progress at the Wisconsin NGL release site and remain on track to restore Line 5 service by September 12. Surface water and a nearby residential well showed no impacts. Line 5 has been shut since August 25.

September 10, 2026 3 min read
Natural Gas

Tourmaline Trimmed Its Topaz Stake to 12.9 Percent. The Shares Paid for Two Montney Deals

On September 8 Tourmaline filed an early warning report disclosing it disposed of 3.6 million Topaz shares as consideration for two minor BC Montney and Deep Basin acquisitions. Tourmaline now holds 19.9 million Topaz shares, or about 12.87 percent of the outstanding float.

September 10, 2026 3 min read
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