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On September 9 Fortis priced US$500 million of 6.625 percent and US$500 million of 6.875 percent fixed-to-fixed rate junior subordinated notes due March 30, 2057. Settlement is September 21. Proceeds are slated to repay indebtedness and for general corporate purposes.
Enbridge's September 12 restart target is the next print that matters. Keyera has $30 million of 2026 Marketing margin riding on it. WTI is still in the mid-$80s and AECO is still cheap while Kitimat runs.
Pembina's July 2 heads of agreement contemplates definitive agreements targeted for September 2026 on the proposed West Coast crude pipeline. Pembina would hold 10 percent at construction with up to another 10 percent at commercial operation. Chief legal officer Sarah Schwann cited an October 1 Building Canada Act designation milestone.
On July 31 Cameco reported Q2 2026 net earnings of $25 million. Production was hit by northern Saskatchewan road conditions but the annual outlook is unchanged. Management cited a robust long-term contracting market with escalated floor prices in the high $70s per pound.
On August 7 Emera reported Q2 2026 adjusted EPS of $0.69 and said it completed the New Mexico Gas sale after regulatory approval July 30. The company invested more than $1.7 billion in the first half while targeting a $4 billion 2026 capital plan.
On July 30 Gibson reported Q2 2026 results highlighted by record infrastructure adjusted EBITDA. On July 27 it declared a $0.45 quarterly dividend payable October 16 to shareholders of record September 29.
Fortis declared on July 29 a quarterly common share dividend payable September 1 to shareholders of record August 19. Fortis cited $12 billion of 2025 revenue and $77 billion of assets at March 31, 2026.
On September 4 Canadian Utilities said the Alberta Court of Appeal dismissed its appeal of Alberta Utilities Commission decisions on the Performance-Based Regulation 2 Reopener. CU is reviewing the ruling and considering next steps.
NexGen hosted its 2026 Investor Day on September 1 with a pre-recorded construction plan for Rook I. Management targeted first ore in the third quarter of 2030, freeze plants in Q1 2027, and main shaft sinking in 2028. The project received final federal approval in March.
Pembina's July 2 heads of agreement contemplates definitive agreements targeted for September 2026 on the proposed West Coast crude pipeline. Pembina would hold 10 percent at construction with up to another 10 percent at commercial operation. Sarah Schwann cited an October 1 Building Canada Act designation milestone.
On September 3 Keyera lowered 2026 Marketing segment realized margin guidance to $320 million to $350 million from $360 million to $390 million. Line 5 has been down since August 25 and AEF is running above 70 percent of capacity through April 2027.
S&P Dow Jones said September 1 SECURE will be removed from the S&P/TSX Composite before the open September 4. GFL closed the acquisition September 1. Each SES share maps to $4.95 cash and 0.3356 of a GFL subordinate voting share under the election framework.
On September 1 Teck said completion of the Anglo American merger will be eleven trading days after remaining conditions are met, effective about 10 p.m. Vancouver time that day. Anglo's about US$4.5 billion special dividend will now pay within 45 days of the effective date, not 30.
On July 28 Precision reported Q2 2026 revenue of $453 million, up 11 percent, and adjusted EBITDA of $97 million, down 10 percent. The company cut debt by $50 million and bought back $12 million of stock. It disclosed a Canada Revenue Agency reassessment on 2018 intercompany dividends.
On July 28 Trican reported Q2 2026 revenue of $214.6 million, roughly flat year over year, and adjusted EBITDA of $22.6 million versus $44.9 million in Q2 2025. A wetter break-up and pricing pressure hurt margins. The board declared a $0.055 dividend payable September 30 to record holders September 15.
S&P Dow Jones said September 1 SECURE will be removed from the S&P/TSX Composite before the open September 4. Each SES share maps to $4.95 cash and 0.3356 of a GFL subordinate voting share. GFL closed the acquisition September 1.
On July 29 Freehold reported Q2 2026 production of 15,622 boe per day at 66 percent liquids. Royalty revenue was $100.3 million. Funds from operations were $78 million at a 57 percent payout ratio. Net debt fell to $251 million.
On July 13 PrairieSky reported Q2 2026 royalty production of 27,479 boe per day, up 4 percent year over year. Revenue was $178 million. Funds from operations were $133.1 million. Net debt was $186.6 million after a $71.1 million quarterly reduction.
On August 4 PHX Energy reported Q2 2026 consolidated revenue of $178.9 million, up 7 percent year over year. Canadian revenue rose 29 percent to $51.1 million on 2,920 operating days. RSS work was 15 percent of Canadian days. NCIB renewal was approved August 13.
On September 1 GFL said it closed the SECURE arrangement. Financing was revolver capacity, 75.1 million GFL shares, and a new US$1 billion term loan at about 5 percent. Over 2,000 SECURE staff join GFL. SES is expected to delist September 2.
On August 31 Ranger said it agreed to buy STEP's U.S. coiled tubing assets for about $27.5 million, $22.5 million cash and $5 million of Ranger stock. The deal covers 13 spreads and about 220 people. Close is expected about September 11. STEP keeps Canadian fracturing and coiled tubing.
On August 13 Ensign said it completed the Citadel Drilling acquisition for US$65 million, subject to adjustments, funded with cash and credit facilities. All closing conditions were satisfied. Ensign cited a larger high-spec fleet in the U.S. Permian.
On August 12 Total Energy reported Q2 2026 revenue of $329 million, up 31 percent year over year, and net income of $26.8 million. Compression and process services backlog hit a record $554.5 million. The board raised the 2026 capex budget to $120.1 million.
On August 6 Calfrac reported Q2 2026 revenue of $426.7 million and net income of $31.8 million, up 108 percent year over year. Net debt fell to $125.8 million. The board later approved about $22.6 million of extra 2026 capex for Argentina coiled tubing and Vaca Muerta cementing.
On August 27 SECURE said registered holders have until 5:00 p.m. Calgary time on August 31 to pick cash, GFL stock, or the mix. The April 13 deal is $24.75 a share, about $6.4 billion of enterprise value, 80 percent GFL stock and 20 percent cash after proration. Close is still second half 2026. Competition Act approval is still out.
On August 11 Pason said second-quarter revenue was $100.8 million and revenue per industry day hit a record $1,078. Adjusted EBITDA was $35.7 million. Net income attributable to Pason was $14.1 million, or $0.18 a share. Completions gross profit was $0.01 million. The dividend is still $0.13, payable September 29. There is no interest-bearing debt.
On August 6 CES said second-quarter revenue hit a record $714.1 million and adjusted EBITDAC hit $119.2 million, a 16.7 percent margin. Free cash flow was $25.0 million. Net income was $38.5 million, down 26 percent, after the June redemption of the 6.875 percent notes. The dividend is $0.055, payable October 15.
On July 27 Topaz said it closed a June 30 tuck-in across 0.3 million gross acres in the NEBC Montney and Deep Basin for $38.7 million. Second-quarter royalty volumes were 24,233 boe/d. Annual guidance moved to 23,900 to 24,300 boe/d. Exit net debt is now $435 million to $440 million.
The Climate Prediction Center says there is a greater than 90 percent chance of a very strong El Niño this fall and winter, and a 69 percent chance it beats every event in the record back to 1950. Alberta is looking at a winter about 2C milder. Heating demand is the bid that was supposed to save AECO.
North America is long gas. The seaborne market is not. EIA has Henry Hub under $3 into November. TTF and JKM sit near $21. Alberta is cheaper than Houston. Here is why all of that can be true at once.
The August STEO cut Q3 Henry Hub to $2.87 and the year to $3.44. Working gas is headed for 3,985 Bcf by the end of October, the biggest pre-winter pile since 2016. The surplus survived the heat.
A southern heat dome pushed Texas and Southeast power-sector gas demand up 5.4 percent week over week. National power burn still fell. September gas spent most of August under $3. Record production is still running the tape.
As of August 20 the calendar is turning. Cooling demand fades. Production is still near record. LNG feedgas is still missing Freeport. The winter curve has a premium. The prompt does not. That gap is the trade.
Discussing the trend of central banks buying gold, this piece explains how geopolitical concerns and economic instability are driving this diversification. It explores the broader implications for the US dollar and global economic stability.
This article explores the significant increase in global energy investment, highlighting how this surge will impact the development of renewable energy sources and the continued investment in fossil fuels amidst economic uncertainty and energy security concerns.
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