Technology News

Enterprise Group Subsidiary Awarded Project to Support Coastal Gas Link Construction

Enterprise Group Subsidiary Awarded Project to Support Coastal Gas Link Construction

Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), announces that its subsidiary, Artic Therm International Ltd., ("Artic Therm") was awarded a project to assist in the protective coating application process of a significant section of the Coastal Gas Link Pipeline connecting N.E. British Columbia to the LNG Canada facility in Kitimat, BC.

Artic Therm's self-contained, portable truck heating units are capable of producing up to 3.3 million BTU of flameless heat and up to 15,000 CFM of clean, breathable air flow. Multiple ATI 2500 units will be heating several hundred metre sections of pipeline at a time, to achieve specific pipe temperatures. This heating effort is to assist in the application of a specialized protective coating. Extreme winter conditions, snow, and ice, make this coating process difficult in the remote Canadian landscape. The project is expected to take place over the remainder of the extreme winter season.

Artic Therm's fleet and its seasoned crews have been heating, drying, and thermally expanding steel pipelines since 1999. To learn more about Artic Therm's specialized equipment and capabilities, please visit: www.artictherm.com.

About Enterprise Group, Inc.

Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com.

For questions or additional information, please contact:

Leonard Jaroszuk: President & CEO, or
Desmond O'Kell: Senior Vice-President
contact@enterprisegrp.ca
780-418-4400

Forward-Looking Information

This news release may contain certain forward-looking information, as defined under applicable Canadian securities legislation, that is not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. In particular, this news release includes forward-looking information relating to the Company's intention to purchase Shares pursuant to the normal course issuer bid, the number of Shares to be purchased, the timing of such purchases and the impact of such purchases on the value of the remaining Shares. Actual results, events or developments could be materially different from those expressed or implied by these forward-looking statements. There is no assurance that any of the events or expectations will occur or be realized. By their nature, forward-looking statements are subject to numerous assumptions and risk factors including those discussed in the Company's Annual Information Form and most recent MD&A which are incorporated herein by reference and are available through SEDAR at www.sedar.com. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152385

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Enterprise Group Shares Accepted for Listing on U.S. OTCQB Exchange

Enterprise Group Shares Accepted for Listing on U.S. OTCQB Exchange

Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) emissions for small local and Tier One global resource clients, announces that its shares have been accepted for listing on the U.S. OTCQB.

Enterprise is pleased to announce that the Company's common shares have begun trading on the OTCQB Venture Market ("OTCQB") effective today under the ticker symbol ETOLF. In addition to the listing, Enterprise shares are now eligible for electronic clearing and settlement with the Depository Trust Company ("DTC") for trading in the USA.

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Enterprise Group Announces Addition of New Client

Enterprise Group Announces Addition of New Client

Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) emissions for small local and Tier One global resource clients, announces a business relationship with a Canadian based oil and gas producer. This new business was secured by Enterprise's Evolution Power Projects (EPP) division.

With a market cap of nearly CDN$1 billion, the client is known to acquire assets with exploitation potential and, at the same time, implement a full-cycle exploration program. Enterprise will provide Natural Gas Power generation systems that will enhance the Company's operational activities that serve to comply with all environmental regulatory standards and requirements.

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Enterprise Group Announces Results for Third Quarter 2022

Enterprise Group Announces Results for Third Quarter 2022

Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"), a consolidator of services to the energy sector; focused primarily on specialized equipment rental; today released its Q3 2022 results.

 

Three months
Sept 30, 2022





Three months
Sept 30, 2021





Nine months
Sept 30, 2022





Nine months
Sept 30, 2021



 
Revenue$5,230,675

 
$3,916,528

 
$18,157,778

 
$13,001,357

  
Gross margin$1,590,082

30%
$1,196,418

31%
$6,722,053

37%
$4,466,484

34% 
Adjusted gross margin(1)(2)$1,590,082

30%
$835,794

21%
$6,722,053

37%
$2,845,982

22% 
Adjusted EBITDA(1)(2)$862,807

16%
$332,691

8%
$4,908,611

27%
$1,366,597

11% 
Net (loss) income and comprehensive (loss) income$(677,679)
 
$(969,492)
 
$487,067

 
$(2,502,402)
  
(Loss) income per share - Basic and diluted$(0.01)
 
$(0.02)
 
$0.01

 
$(0.05)
  

 
(1) Identified and defined under "Non-IFRS Measures".
(2) The Canadian Emergency Wage Subsidy and Rent Subsidy Programs ended in October 2021. To provide further comparability to pre-COVID operations, the Company has presented adjusted gross margin and adjusted EBITDA to reflect the results of operations without any subsidy programs.

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Enterprise Group Announces Renewal of Normal Course Issuer Bid

Enterprise Group Announces Renewal of Normal Course Issuer Bid

Enterprise Group, Inc. (TSX: E) ("Enterprise" or the "Company") announces that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to renew its normal course issuer bid to purchase outstanding common shares of the Company ("Shares") on the open market in accordance with the rules of the TSX.

The Company is authorized to purchase up to 2,401,064 Shares under the normal course issuer bid, representing 10% of its public float, as of August 22, 2022. As of that date, there were 47,540,874 Shares issued and outstanding. The average daily trading volume of the Shares for the six months ended July 31, 2021, calculated in accordance with the rules of the TSX, was 55,199 Shares. Enterprise is subject to a daily repurchase limit of 25% of such volume, being 13,799 Shares, except where such purchases are made in accordance with the block purchase exemption under TSX rules.

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Enterprise Group Announces Results for Second Quarter 2022

Enterprise Group Announces Results for Second Quarter 2022

Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), emphasizing technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for small to Tier One resource clients, is pleased to announce its Q2 2022 results.

Three months
June 30, 2022
Three months
June 30, 2021
Six months
June 30, 2022
Six months
June 30, 2021
Revenue$5,297,685 $3,225,543 $12,927,103 $9,084,830 
Gross margin$1,610,18830%$580,31218%$5,131,97340%$3,306,69936%
Adjusted gross margin(1)(2)$1,610,18830%$120,9504%$5,131,97340%$2,046,82123%
Adjusted EBITDA(1)(2)$1,015,97819%$(394,835)(12)%$4,045,80331%$1,070,54712%
Net (loss) income and comprehensive (loss) income$(513,268) $(1,626,547) $1,164,744 $(1,532,910) 
(Loss) income per share - Basic$(0.01) $(0.03) $0.02 $(0.03) 
(Loss) income per share - Diluted$(0.01) $(0.03) $0.02 $(0.03) 


(1) Identified and defined under "Non-IFRS Measures".

(2) The Canadian Emergency Wage Subsidy and Rent Subsidy Programs ended in October 2021. Starting in Q4 2021 to provide further comparability to pre-COVID operations, the Company has presented an Adjusted Gross Margin and Adjusted EBITDA to reflect the results of operations without any subsidy programs.

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Suncor Energy to Release Fourth Quarter 2022 Financial Results

Suncor (TSX: SU) (NYSE: SU) will release its fourth quarter financial results on February 14, 2023 before 8:00 p.m. MT (10:00 p.m. ET).

A webcast to review the fourth quarter will be held on February 15, 2023 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Kris Smith, Interim President and Chief Executive Officer and Alister Cowan, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. Troy Little, Vice President, Investor Relations will host the call.

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PrairieSky Announces Fourth Quarter and Record Year-End Results for 2022, Including Record Annual Oil Production Volumes, Revenues, Funds From Operations and Leasing Activity; Ongoing Recognition as a Global Sustainability Leader

PrairieSky Royalty Ltd. (" PrairieSky " or the " Company ") (TSX: PSK) is pleased to announce its fourth quarter (" Q4 2022 ") and year-end operating and financial results for the period ended December 31, 2022.

Fourth Quarter Highlights:

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Parex Resources Announces 12 Consecutive Years of Reserves Per Share Growth, a 50% Increase to the Regular Dividend and Provides 2023 Guidance Update

Parex Resources Inc. ("Parex" or the "Company") (TSX: PXT) is pleased to announce the results of its annual independent reserves assessment as at December 31, 2022, as well as a corporate update. The financial and operational information contained below is based on the Company's unaudited estimated results for year-end December 31, 2022. All currency amounts are in United States dollars unless otherwise stated. The following reserves categories are discussed in this news release: proved developed producing ("PDP"); proved ("1P"); proved plus probable ("2P"); and proved plus probable plus possible ("3P").

Key Highlights

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Suncor Energy Closes Purchase of Additional Interest in Fort Hills Project

All financial figures are in Canadian dollars

Suncor Energy (TSX: SU) (NYSE: SU) today announced that it has closed the transaction to purchase an additional 14.65% working interest in the Fort Hills Project from Teck Resources Limited ("Teck"). As announced by TotalEnergies on January 27, 2023, TotalEnergies EP Canada Ltd. has provided notice of the exercise of its contractual right of first refusal to acquire the remaining 6.65% of Teck's interest.

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Blue Star Helium

Voyager Development Well Permitting Update

Blue Star Helium Limited (ASX:BNL, OTCQB:BSNLF) (Blue Star or the Company) provides an update on helium development well permitting at its Voyager helium project in Las Animas County, Colorado.

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Imperial declares first quarter 2023 dividend

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 44 cents per share on the outstanding common shares of the company, payable on April 1, 2023, to shareholders of record at the close of business on March 3, 2023.

This first quarter 2023 dividend compares with the fourth quarter 2022 dividend of 44 cents per share.

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