Mergers and Acquisitions:

• Tidewater Midstream (TSX:TWM) has closed the $24MM sale of its Brazeau River Complex roadway network to Canadian Resource Roadways LP. Of the total proceeds, $22.5MM was received at closing, with the remainder due by December 31, 2025. The funds will be used to repay debt and the sale is expected to have minimal impact on Tidewater’s 2025 results.

Other:

• Pieridae Energy (TSX:PEA) plans to rebrand as Cavvy Energy Ltd., pending shareholder approval at its annual general meeting on May 8, 2025.

• Clearview Resources has established a special committee of independent directors to explore strategic alternatives that maximize shareholder value and enhance liquidity.

• LNG Canada will receive its cooldown LNG cargo on April 1 as part of final testing before its $18B Kitimat plant goes fully online. The cooldown period will last 3-4 weeks, with LNG exports expected to begin by mid-year at a peak capacity of 14 mtpa.