Mergers and Acquisitions:

• Computer Modelling Group Ltd. (TSX:CMG) announced the US$6.6MM acquisition of SeisWare International Inc., a Calgary based software developer of geoscience interpretation and field development supporting subsurface exploration and development projects. SeisWare reported US$3.4MM in revenue for the 12 months ending March 31, 2025.

• Baker Hughes (NASDAQ:BKR) announced the US$13.6B all-cash acquisition of Chart Industries (NYSE:GTLS), a manufacturer of industrial equipment including valves and measurement technology for gas and liquid molecule handling. The acquisition aligns with Baker Hughes’ strategy to expand in the LNG, data centres and decarbonization segments. Baker Hughes’ offer triumphed over rival Flowserve’s takeover offer.

Financing:

• The B.C. government announced a $200MM contribution agreement with the Haisla Nation to support electrical infrastructure building for the Cedar LNG project. The funding will support the efforts to build a 287-kilovolt transmission line, a new substation, new distribution lines, and nearshore electrification to ensure a clean energy source for the project. Cedar LNG is expected to begin operations in 2028.

Other:

• In the first half of 2025, Cenovus Energy Inc. (TSX:CVE) was the top operator based on wells rig released with 364 wells drilled, followed by Canadian Natural Resources Ltd. (TSX:CNQ) with 247, and Tourmaline Oil Corp. (TSX:TOU) with 149.

• The Bank of Canada held its key interest rate at 2.75 per cent on July 30, the third consecutive rate hold and unchanged since March 2025.

• The U.S. increased tariffs on Canadian exports from 25 per cent to 35 per cent effective August 1. However, the new tariffs will not apply to goods compliant with USMCA. ~90 per cent of Canadian exports to the U.S. in May 2025 were exempted from tariffs under USMCA.