CIBC

Northern Oil & Gas, Inc., headquartered in Minnetonka, Minnesota, is an independent energy company focused on crude oil and natural gas exploration, development, and production. It primarily operates in the Bakken and Three Forks formations within the Williston Basin of North Dakota and Montana, where it holds interests in over 6,000 gross producing wells as of December 31, 2019. The company's success is built on strategic long-term relationships with premier operators and landowners in these high-activity areas, aiming for maximum returns on drilling projects.

Keyera Corp. is a midstream energy company based in Alberta, primarily engaged in the oil and gas sector. It operates through two main business units: Gathering and Processing, and Liquids. The Gathering and Processing unit focuses on the collection and processing of raw natural gas, utilizing a network of over 4,000 kilometers of pipelines and numerous active gas plants to remove waste and separate valuable components. The Liquids unit encompasses two segments: NGL Infrastructure, which includes facilities for processing, fractionation, storage, and transportation of natural gas liquids, and Marketing, which involves the sale of products such as propane, butane, iso-octane, and crude oil. Keyera plays a crucial role in the midstream operations, facilitating the transition of energy products from upstream production to downstream markets.

AltaGas Ltd. is a diversified energy infrastructure company operating in North America, with a focus on natural gas and power. The company is structured into three primary segments: Utilities, Midstream, and Power. The Utilities segment manages regulated natural gas distribution utilities across several states, serving approximately 1.7 million customers, and also provides interstate transportation and storage services. The Midstream segment is involved in the gathering, processing, and marketing of natural gas and natural gas liquids, holding significant processing capacity and interests in regulated pipelines primarily in the northeastern United States. Finally, the Power segment generates and sells electricity and offers energy storage and retail power marketing services in regions like Alberta, California, and Colorado, with a total operational capacity of 710 megawatts. Founded in 1994 and headquartered in Calgary, Canada, AltaGas aims to capitalize on the dynamics of supply and demand in the energy sector, serving residential, commercial, and industrial customers in both Canada and the United States.

Canadian Utilities Inc. is a subsidiary of ATCO, headquartered in Calgary, Alberta. The company specializes in the transmission and distribution of electricity and natural gas, operating primarily within Canada. It has two main segments: Electricity, which focuses on the transmission and distribution of electrical power and related infrastructure development in northern and central east Alberta, the Yukon, and the Northwest Territories, and Pipelines & Liquids, which handles natural gas transmission and distribution in the Lloydminster area of Saskatchewan. With a workforce of approximately 3,500 employees and assets totaling around $16 billion, Canadian Utilities serves a diverse range of customers, including municipal, residential, business, and industrial sectors. The company is committed to providing reliable utility services while also exploring advancements in energy infrastructure and sustainable energy solutions.

Archaea Energy, LLC is a developer and producer of renewable natural gas (RNG) based in Belle Vernon, Pennsylvania. Founded in 2018, the company focuses on capturing waste emissions and transforming them into low-carbon fuel, providing a sustainable solution for high-carbon emission processes that are difficult to electrify. Archaea Energy operates an RNG platform that encompasses the development, construction, and maintenance of RNG facilities across the United States. Through its efforts, the company aims to contribute to decarbonization and the transition to cleaner energy sources.

AltaGas Ltd. is a diversified energy infrastructure company operating in North America, with a focus on natural gas and power. The company is structured into three primary segments: Utilities, Midstream, and Power. The Utilities segment manages regulated natural gas distribution utilities across several states, serving approximately 1.7 million customers, and also provides interstate transportation and storage services. The Midstream segment is involved in the gathering, processing, and marketing of natural gas and natural gas liquids, holding significant processing capacity and interests in regulated pipelines primarily in the northeastern United States. Finally, the Power segment generates and sells electricity and offers energy storage and retail power marketing services in regions like Alberta, California, and Colorado, with a total operational capacity of 710 megawatts. Founded in 1994 and headquartered in Calgary, Canada, AltaGas aims to capitalize on the dynamics of supply and demand in the energy sector, serving residential, commercial, and industrial customers in both Canada and the United States.

Tidewater Midstream and Infrastructure Ltd. is a Canadian company that operates as a diversified midstream and infrastructure provider primarily focused on natural gas, natural gas liquids (NGLs), and crude oil. Headquartered in Calgary, the company engages in gas gathering, processing, and transportation, along with the marketing and extraction of NGLs and crude oil. Tidewater's operations extend across key areas within the Western Canadian Sedimentary Basin, including the Montney and Edmonton regions, as well as Prince George, British Columbia. The company also sells refined petroleum products such as gasoline and low sulfur diesel, retails propane, and operates export terminals and storage facilities. Founded in 2015, Tidewater aims to enhance its service offerings through the acquisition and development of critical oil and gas infrastructure, thereby providing efficient midstream solutions and maximizing returns for shareholders.

InPlay Oil Corp. is an oil development and production company based in Calgary, Alberta, specializing in the acquisition, exploration, and development of petroleum and natural gas properties. The company primarily focuses on a concentrated light oil asset base in West Central Alberta, targeting the Cardium formation. InPlay Oil engages in the production and sale of crude oil, natural gas, and natural gas liquids, generating revenue through variable price contracts. With its extensive inventory of horizontal drilling locations, the company is well-positioned to manage commodity price fluctuations and optimize recovery from its in-place pools.

Tidewater Midstream and Infrastructure Ltd. is a Canadian company that operates as a diversified midstream and infrastructure provider primarily focused on natural gas, natural gas liquids (NGLs), and crude oil. Headquartered in Calgary, the company engages in gas gathering, processing, and transportation, along with the marketing and extraction of NGLs and crude oil. Tidewater's operations extend across key areas within the Western Canadian Sedimentary Basin, including the Montney and Edmonton regions, as well as Prince George, British Columbia. The company also sells refined petroleum products such as gasoline and low sulfur diesel, retails propane, and operates export terminals and storage facilities. Founded in 2015, Tidewater aims to enhance its service offerings through the acquisition and development of critical oil and gas infrastructure, thereby providing efficient midstream solutions and maximizing returns for shareholders.

Bellatrix Exploration Ltd is a Canada-based oil and gas company engaged in the exploration, acquisition, development, and production of oil and natural gas reserves, primarily in Alberta, British Columbia, and Saskatchewan. The company focuses on two key resource plays: the Cardium and the Notikewin/Falher intervals, both located in the Western Canada Sedimentary Basin. The Notikewin/Falher play is known for its abundant, liquids-rich natural gas, offering compelling economic advantages, while the Cardium play is recognized for its potential to significantly increase reserves and production, thereby providing long-term economic value. Through these strategic initiatives, Bellatrix aims to maximize its revenue from the sale of oil and natural gas.

Strategic Oil & Gas is an emerging junior oil and gas company focused on the exploration and development of petroleum and natural gas reserves, primarily in Western Canada and the Western United States. The company emphasizes upstream oil and gas exploitation, leveraging its technical expertise in geology, geophysics, engineering, and petrophysics to enhance its operations. Strategic Oil & Gas is dedicated to building a premier oil company by developing its concentrated land and reserve base, as well as integrating its wholly-owned sales infrastructure. In addition to its exploration activities, the company operates gas plants and oil batteries in the Marlowe area and is involved in the maintenance of associated road networks.

Seven Generations Energy Ltd. is an independent energy company based in Calgary, Canada, engaged in the exploration and development of oil and natural gas properties. Founded in 2001, the company focuses on non-conventional resource plays, particularly in Canada. It holds interests in the Kakwa River project, encompassing approximately 528,000 net acres in northwest Alberta. Utilizing advanced techniques such as long-reach and horizontal drilling, Seven Generations produces natural gas, condensate, and natural gas liquids. The company also owns several gathering lines and processing facilities, which support its operations. A skilled technical and business team drives the company's efforts to identify and optimize high-quality resource plays.