Mergers and Acquisitions:

• T.D. Williamson  acquired Petro-Line, an Edmonton based general pipeline contractor specializing in pipeline integrity, maintenance and construction, as well was the owner of its patented PETROSLEEVE® technology. PETROSLEEVE® enables quick, permanent pipeline repairs without service interruptions, enhancing efficiency and safety.

• E&P: Vermilion Energy Inc. (TSX:VET) announced it will acquire Westbrick Energy Ltd., a Calgary based private oil and gas company in the Deep Basin, for $1.075B through a plan of arrangement under Alberta’s Business Corporations Act. The acquisition is expected to close in Q1 2025.

• E&P: Pembina Pipeline Corporation (TSX:PPL) announced that Pembina Gas Infrastructure Inc. (PGI) has acquired a 50 per cent stake in Whitecap Resources' (TSX:WCP) Kaybob Complex, effective December 31, 2024. Whitecap committed to a long-term take-or-pay agreement and area dedication.

Financing:

• Ensign Energy Services Inc. (TSX:ESI) announced the closing of a $25MM non-brokered private placement of 7.50 per cent unsecured, subordinated convertible debentures. The debentures mature on January 31, 2029, with semi-annual interest payments starting April 1, 2025.

Other:

• Prime Minister Justin Trudeau announced plans to step down after the Liberal Party selects a successor, marking the end of his leadership since becoming party leader in 2013 and prime minister in 2015.