TOU
TSX · Natural gas, NGLs, Montney / Deep Basin · 14 desk pieces in archive
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The U.S. Energy Information Administration said working gas reached 3,567 Bcf for the week to October 9. The October 16 report showed a 67 Bcf build. Stocks are 45 Bcf above the five-year average and 143 Bcf below last year. That is Lower 48 storage, not Western Canada.
The U.S. Energy Information Administration said working gas was 3,500 Bcf as of Friday, October 2. The print landed Thursday at 10:30 a.m. Stocks sit 130 Bcf under last year and 68 Bcf over the five-year average. The next weekly report is October 15.
Tourmaline and Topaz said this morning the bought-deal secondary closed. Tourmaline sold 11.5 million Topaz shares, including the full 1.5 million greenshoe, at $28.75. Gross proceeds are about $330.6 million to Tourmaline. Topaz receives none of that cash.
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.
Tourmaline and Topaz said at 4:31 p.m. ET Tuesday that underwriters will buy 10 million Topaz shares from Tourmaline at $28.75. Gross proceeds are about $287.5 million to Tourmaline. Topaz receives none of that cash. Close is still on or about October 8.
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.
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 15 is the dividend record date for Keyera ($0.5625), Tourmaline (C$0.50), Vermilion ($0.135), and Ovintiv (US$0.30). Enbridge said yesterday Line 5 returned to service over the weekend. Keyera has not restated the $30 million Line 5 marketing estimate.
September 15 is the dividend record date for Keyera ($0.5625), Tourmaline (C$0.50), Vermilion ($0.135), and Ovintiv (US$0.30). Keyera's $30 million Line 5 marketing estimate is still open. Enbridge's last note, Saturday at 4:51 p.m. Central, did not confirm flow.
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.
Rubellite closed September 8 an East Edson sale for 2.083 million Topaz shares at a deemed $32.16 price. Tourmaline filed the same day it sold 3.6 million Topaz shares for Montney acquisitions, cutting its stake to 12.87 percent from 15.19 percent.
Tourmaline declared on September 1 a quarterly cash dividend of C$0.50 per share payable September 29 to shareholders of record September 15. The amount matches the base dividend flagged in the July 29 second-quarter release.
On September 1 Tourmaline declared a quarterly cash dividend of C$0.50 per share, payable September 29 to holders of record September 15. The amount matches the base dividend flagged in the July 29 second-quarter release.
TOU's July 29 release said a long-term AltaGas deal at REEF lifts premium LPG export exposure about 55 percent once Groundbirch-Monias is on. Realized gas in Q2 was C$3.12 per Mcf against AECO 5A at C$1.66. The NCIB renewed August 10.