Energy

AltaGas Ltd. ("AltaGas") (TSX: ALA) wishes to correct an error in its press release entitled " AltaGas Ltd. Announces Results of Series A and Series B Preferred Share Conversions" issued on September 30, 2020 . As a result of the conversions AltaGas has 6,746,679 Series A Preferred Shares and 1,253,321 Series B Preferred Shares issued and outstanding rather than the 5,511,220 Series A Preferred Shares and 2,488,780 Series B Preferred Shares referred to in AltaGas' previous press release. This correction does not change any other amounts or information reported in the prior press release.

AltaGas is a leading North American energy infrastructure company that connects NGLs and natural gas to domestic and global markets. AltaGas creates value by growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit: www.altagas.ca

This news release contains forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to AltaGas or an affiliate of AltaGas, are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect AltaGas' current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market competition, governmental or regulatory developments, general economic conditions and other factors set out in AltaGas' public disclosure documents. Many factors could cause AltaGas' actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release as intended, planned, anticipated, believed, sought, proposed, estimated or expected, and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. AltaGas does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

SOURCE AltaGas Ltd.

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Suncor Energy Announces Expiration and Upsizing of Tender Offers for Ten Series of Notes

Suncor Energy Inc. (TSX: SU) (NYSE: SU) ("Suncor") today announced the expiration of the offers to purchase for cash any and all of the ten series of outstanding notes described below ("Notes"), and that it has amended the Offer to Purchase (as defined below) by increasing the Maximum Purchase Consideration from C$1.75 billion to C$3.6 billion. The Offers described herein were made on the terms and conditions set forth in the Offer to Purchase, dated September 26, 2022 (the "Offer to Purchase") and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

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Suncor Energy Announces Pricing of Tender Offers for Ten Series of Notes

Suncor Energy Inc. (TSX: SU) (NYSE: SU) ("Suncor") today announced the pricing of the offers to purchase for cash any and all of the ten series of outstanding notes described below ("Notes"), up to a maximum C$1,750,000,000 aggregate amount of Total Consideration (as defined below), on the terms and conditions set forth in the Offer to Purchase, dated September 26, 2022 (the "Offer to Purchase"). The Offer to Purchase and the related Notice of Guaranteed Delivery can be accessed at the following website: https:www.gbsc-usa.comsuncor. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

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VVC's Helium Projects and Proton Green, Continue to Fuel Company's Growth

VVC's Helium Projects and Proton Green, Continue to Fuel Company's Growth

Following a successful Annual Shareholders Meeting, VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company"), (TSX-V:VVC and OTCQB:VVCVF) announces the expansion of its helium and natural gas assets. Additionally, the Company's mining division continues to grow with the addition of new copper and silica projects.

Bolstered by Proton Green's aggressive growth, VVC has the opportunity to leverage its shares in the company to further fund its own strategic initiatives, including continued development of the helium and natural gas business as well as plans to increase production at the Gloria Copper Project. This growth continues to create significant potential value for VVC and its investors.

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Cenovus to help advance sustainable energy opportunities for First Nations

The First Nations Major Projects Coalition (FNMPC) is pleased to announce Cenovus Energy Inc. (Cenovus) as a new member of its Sustaining Partners Program. The program furthers FNMPC's ability to advance relationships between its members and the private sector on issues of mutual interest. Cenovus, along with existing program members CIBC, Colliers Project Leaders, COWI, Gowling WLG, IBI Group and New Gold Inc., will benefit from an exclusive relationship with FNMPC that will be focused on advancing progressive Indigenous business initiatives between the partners and FNMPC members. In working with these companies, FNMPC will further advance strategies that promote meaningful Indigenous inclusion in major developments and articulate Indigenous perspectives concerning environmental, social and governance (ESG) investment standards and sustainable business practices generally.

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Chris Wood: Hard Path Ahead for US Economy, Energy Sector is Defensive

Last week’s interest rate hike marked the US Federal Reserve's fifth increase since January. Now sitting at the 3 to 3.25 percent level, the federal funds rate is likely to rise further before the year is over.

Walking the fine line between fighting inflation and stimulating the economy in a post-pandemic environment has been a challenge for the Fed. And according to Chris Wood of Jefferies Hong Kong, it's going to get much more difficult in the months ahead.

“(To meet its inflation target), the Fed will soon have to face a real choice of how much it is willing to crush growth and incur the related collateral damage in an economy which has become ever more financialized after more than two decades of excessively easy monetary policy,” said Wood during his keynote address at the Gold Forum Americas.

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Ovintiv Renews Annual Share Buy-Back Program

Company Receives TSX Approval for Renewal of Normal Course Issuer Bid

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with the Company's capital allocation framework, which supports the goal of unlocking shareholder value by delivering on Ovintiv's strategic priorities of financial strength, increasing cash returns to shareholders, generating superior returns on capital investment, and driving ESG progress.

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