Mergers and Acquisitions:

• Enterprise Group (TSX:E) has signed a deal to acquire FlexEnergy Canada for $20MM, positioning itself as the exclusive Canadian supplier of FlexEnergy turbines. The move strengthens Enterprise’s low-emission energy solutions and expands its reach in natural gas-to-electric power systems. The acquisition will be funded through cash reserves and a new credit facility.

• Sunoco LP (NYSE:SUN) is acquiring Parkland Corporation (TSX:PKI) in a cash and equity deal valued at approximately US$9.1B. As part of the transaction, Sunoco will create a new publicly traded entity, SUNCorp, LLC, which will issue units equivalent to Sunoco's common units and provide equal dividend payments for two years post-closing.

Financing:

• CES Energy Solutions (TSX:CEU) has entered into an amended and restated credit agreement, increasing its credit facility to approximately $550MM. Led by Scotiabank and a syndicate of major lenders, the facility matures on November 24, 2028, and is secured against nearly all of CES’s assets.

Other:

• The Government of Saskatchewan is extending the Oil Infrastructure Investment Program (OIIP) to March 31, 2029, supporting oil market access and CO₂ pipeline development. The program offers a 20 per cent royalty tax credit, up to $40MM, for eligible oil or CO₂ pipeline projects.

• Alberta’s government is challenging the constitutionality of Ottawa’s clean electricity regulations, arguing they overstep federal authority and threaten the province’s natural gas–powered grid. Premier Danielle Smith says the 2050 decarbonization target is unrealistic and harms affordability and reliability.

• OPEC+ has agreed to boost oil production by 411,000 barrels per day in June, marking a second straight monthly increase, citing healthy market fundamentals and low inventories despite falling prices and weaker demand expectations.