BRIEFLY

Stockwatch Daily - - ENERGY -

- Africa En­ergy Corp. had op­er­at­ing ex­penses of $1.14-mil­lion (U.S.) in the third quar­ter of 2018, com­pared with $1.13-mil­lion (U.S.) in the same pe­riod last year. It had net work­ing cap­i­tal of $38.13-mil­lion (U.S.) at Sept. 30, 2018. (AFE) $0.16

- ARC Re­sources Ltd. has set its 2019 cap­i­tal bud­get at $775-mil­lion. It is es­ti­mat­ing an­nual av­er­age pro­duc­tion of 135,000 to 142,000 boe per day in 2019. (ARX) $11.92

- ARC Re­sources Ltd. earned $45.1-mil­lion on funds from oper­a­tions on $204.4-mil­lion in the third quar­ter of 2018. The com­pany earned $48.5-mil­lion on funds from oper­a­tions $205.0-mil­lion in the third quar­ter of 2017. (ARX) $11.92

- Ce­quence En­ergy Ltd. earned $573,000 on rev­enue of $17.68-mil­lion in the third quar­ter of 2018. It lost $3.07-mil­lion on rev­enue of $15.08-mil­lion in the same pe­riod last year. (CQE) $0.70

- CES En­ergy So­lu­tions Corp. earned $5.85-mil­lion on rev­enue of $338.51-mil­lion in the third quar­ter of 2018. It earned $19.43-mil­lion on rev­enue of $260.88-mil­lion in the same pe­riod of 2017. (CEU) $3.41

- Chi­nook En­ergy Inc. lost $1.94-mil­lion on rev­enue of $7.77-mil­lion in the third quar­ter of 2018. It lost $3.92-mil­lion on rev­enue of $3.35-mil­lion in the same pe­riod last year. (CKE) $0.22

- Doxa En­ergy Ltd. will re­main halted, pend­ing re­ceipt and re­view of doc­u­men­ta­tion re­gard­ing its pro­posed re­verse takeover. (DXA) $0.02

- Ea­gle En­ergy Inc. lost $1.88-mil­lion on rev­enue of $9.01-mil­lion in the third quar­ter ended Sept. 30, 2018. This com­pares with a loss of $4.71-mil­lion on rev­enue of $12.45-mil­lion in the same quar­ter a year ear­lier. (EGL) $0.18

- En­bridge Inc. has com­pleted its ac­qui­si­tion of En­bridge In­come Fund Hold­ings Inc. En­bridge In­come will be­come a sub­sidiary of En­bridge. For each En­bridge In­come share, hold­ers can re­ceive 0.735 of an En­bridge share and a cash pay­ment of 45 cents. (ENB) $43.54, (ENF) $32.39

- En­bridge Inc. has com­pleted its ac­qui­si­tion of En­bridge In­come Fund Hold­ings Inc. En­bridge In­come will be­come a sub­sidiary of En­bridge. For each En­bridge In­come share, hold­ers can re­ceive 0.735 of an En­bridge share and a cash pay­ment of 45 cents. (ENB) $43.54, (ENF) $32.39

- En­er­flex Ltd. earned $37.7-mil­lion on rev­enue of $445.8-mil­lion in the third quar­ter ended Sept. 30, 2018. This com­pares with a profit of $25.2-mil­lion on rev­enue of $315-mil­lion in the same quar­ter a year ear­lier. (EFX) $16.70

- En­ter­prise Group Inc. lost $1.1-mil­lion on rev­enue of $4.84-mil­lion in the third quar­ter of 2018. It earned $328,933 on rev­enue of $5.7-mil­lion in the same pe­riod of 2017. (E) $0.39

- Fron­tera En­ergy Corp. earned $45.1-mil­lion (U.S.) on net sales of $300-mil­lion (U.S.) in third quar­ter 2018. This com­pares with a loss of $141.1-mil­lion (U.S.) on net sales of $267-mil­lion (U.S.) in third quar­ter 2017. (FEC) $16.52

- High Arc­tic En­ergy Ser­vices Inc. earned $7.5-mil­lion on rev­enue of $54.7-mil­lion in the third quar­ter ended Sept. 30, 2018. This com­pares with a profit of $2.8-mil­lion on rev­enue of $42.8-mil­lion in the same quar­ter a year ear­lier. (HWO) $3.52

- In­ter Pipe­line Ltd. earned $169-mil­lion on rev­enue of $685-mil­lion in the third quar­ter of 2018. The com­pany earned $142.5-mil­lion on rev­enue of $547.6-mil­lion in the third quar­ter of 2017. (IPL) $22.98

- Jade­stone En­ergy Inc. will re­lease its Q3 2018 fi­nan­cial re­sults on Wed­nes­day, Nov. 28, 2018. The com­pany will hold a con­fer­ence call to dis­cuss the re­sults on the same day at 9 a.m. ET. (JSE) $0.67

- Ob­sid­ian En­ergy Ltd. lost $31-mil­lion in the third quar­ter of 2018. This com­pares with a loss of $44-mil­lion in Q3 of 2017. (OBE) $0.94

- Paramount Re­sources Ltd. lost $23.4-mil­lion on sales of $248.5-mil­lion in the third quar­ter ended Sept. 30, 2018. This com­pares with a profit of $223.5-mil­lion on sales of $116.5-mil­lion in the same quar­ter a year ear­lier. (POU) $9.63

- Pen­growth En­ergy Corp. lost $1.6-mil­lion on oil and gas sales of $147.9-mil­lion in the third quar­ter of 2018. The com­pany lost $144.7-mil­lion on oil and gas sales of $125.1-mil­lion dur­ing the same pe­riod in 2017. (PGF) $0.93

- Per­pet­ual En­ergy Inc. lost $12.25-mil­lion on rev­enues of $20.5-mil­lion in the third quar­ter ended Sept. 30, 2018. The com­pany lost $8.08-mil­lion on rev­enues of $20.02-mil­lion in the same pe­riod last year. (PMT) $0.22

- Petroteq En­ergy Inc. has re­ceived TSX-V ap­proval for a $500,000 con­vert­ible deben­ture pri­vate place­ment. Two placees are sub­scrib­ing. (PQE) $0.96

- Pre­ci­sion Drilling Corp. and Trinidad Drilling Ltd. have filed a joint man­age­ment in­for­ma­tion cir­cu­lar. Se­cu­ri­ty­hold­ers will vote Dec. 11 on the ac­qui­si­tion of Trinidad by Pre­ci­sion. (PD) $3.54

- Pre­ci­sion Drilling Corp. has es­ti­mated 2019 ad­justed EBITDA of $625-mil­lion to $725-mil­lion, with the pro­posed ac­qui­si­tion of Trinidad Drilling Ltd. It has es­ti­mated 2019 cap­i­tal spend­ing of $275-mil­lion to $325-mil­lion. (PD) $3.54

- Ra­zor En­ergy Corp. lost $2.3-mil­lion on rev­enue of $31.77-mil­lion in the third quar­ter of 2018. It lost $2.51-mil­lion on rev­enue of $17.79-mil­lion in the same pe­riod of 2017. (RZE) $2.72

- Step En­ergy Ser­vices Ltd. earned $9.26-mil­lion on rev­enues of $240.54-mil­lion in the third quar­ter ended Sept. 30, 2018. The com­pany earned $28.57-mil­lion on rev­enues of $175.53-mil­lion in the same pe­riod a year ear­lier. (STEP) $3.91

- Strad En­ergy Ser­vices Ltd. lost $195,000 on rev­enue of $31.22-mil­lion in the third quar­ter of 2018. It lost $1.91-mil­lion on rev­enue of $33.92-mil­lion in the same pe­riod of 2017. (SDY) $1.55

- Sun­cor En­ergy Inc. is sup­port­ing Cal­gary’s bid to host the 2026 Win­ter Olympics and Par­a­lympics. (SU) $44.90

- To­tal En­ergy Ser­vices Inc. earned $8.65-mil­lion on rev­enue of $232.92-mil­lion in the third quar­ter of 2018. It earned $3.73-mil­lion on rev­enue of $185.15-mil­lion in the same pe­riod last year. (TOT) $9.68

- Tran­sGlobe En­ergy Corp. has set its 2019 cap­i­tal bud­get at $34.1-mil­lion (U.S.) be­fore cap­i­tal­ized G&A. This in­cludes $24.1-mil­lion (U.S.) for Egypt and $10-mil­lion (U.S.) for Canada. (TGL) $3.00

- Tran­sGlobe En­ergy Corp. lost $12.28-mil­lion (U.S.) on rev­enue of $42.63-mil­lion (U.S.) for the third quar­ter ended Sept. 30, 2018. The com­pany lost $6.85-mil­lion (U.S.) on rev­enue of $44.85-mil­lion (U.S.) for the third quar­ter ended Sept. 30, 2017. (TGL) $3.17

- Tri­can Well Ser­vice Ltd. lost $12.1-mil­lion on rev­enues of $253.7-mil­lion in the third quar­ter ended Sept. 30, 2018. The com­pany earned $46.9-mil­lion on rev­enues of $362.8-mil­lion in the same pe­riod last year. (TCW) $1.85

- Trinidad Drilling Ltd. has filed a joint man­age­ment in­for­ma­tion cir­cu­lar and proxy state­ment with Pre­ci­sion Drilling Corp. The com­pa­nies will hold spe­cial meet­ings on Dec. 11 for se­cu­ri­ty­hold­ers to vote on the ac­qui­si­tion of Trinidad by Pre­ci­sion. (TDG) $1.67

- Xe­bec Ad­sorp­tion Inc. earned $640,000 on rev­enue of $8.2-mil­lion in the third quar­ter of 2018. It earned $100,000 on rev­enue of $4.1-mil­lion in the same pe­riod last year. (XBC) $0.76

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