Weekly Energy Wrap — Week ending February 13, 2026

Top 3 Energy Gainers

TSXV:POE — Pan Orient Energy Corp.
- Shares increased after the company reported higher production volumes from its Southeast Asian assets.
- Filings noted improved well uptime and updated field‑level operating metrics.
TSXV:CEI — Coelacanth Energy Inc.
- Stock advanced following drilling‑program updates confirming additional completions in its Montney development area.
- The issuer reported incremental production tied to newly tied‑in wells.
CSE:HENC — Hemisphere Energy Corp.
- Shares rose after the company disclosed updated monthly production data and facility‑optimization results.
- The issuer reported stable field operations and expanded waterflood performance metrics.

Crude benchmarks: WTI and Western Canadian Select (WCS) traded within recent ranges; refinery demand and pipeline flows remained steady.
Natural gas: North American gas pricing tracked winter‑weather patterns and storage‑withdrawal data.
Electricity markets: Power‑price movements reflected seasonal load and generation‑mix changes across provincial grids.
Equities: Energy‑linked issuers on TSX and TSXV traded in line with broader commodity sentiment; large‑cap benchmarks such as Suncor Energy Inc. (TSX:SU) and Canadian Natural Resources Ltd. (TSX:CNQ) remained sector reference points.
Small‑cap cohort: Sub‑$250M issuers on TSXV and CSE saw activity concentrated in junior oil and gas, geothermal, carbon‑capture and clean‑tech categories.
Supply chain: Service companies monitored costs for steel, drilling consumables and transport.

Federal energy policy: No new federal regulatory changes affecting upstream, midstream or power‑sector operations were published during the week.
Carbon pricing: Existing federal and provincial carbon‑pricing frameworks remained in effect; compliance‑credit markets continued regular trading.
Permitting: Provincial regulators maintained current timelines for well licensing, reclamation approvals and power‑project applications.
Cross‑border rules: U.S.–Canada energy‑trade regulations remained unchanged; crude and refined‑product flows continued under existing export‑permit structures.
Environmental compliance: Agencies continued enforcement of methane‑reduction, emissions‑reporting and water‑use requirements.

Earnings: Producers and midstream operators reported quarterly results showing changes in production volumes, realized pricing and operating costs.
Capital raises: Sub‑$250M issuers continued to use private placements and debt facilities to fund drilling, infrastructure upgrades and clean‑tech pilots.
M&A: Activity focused on asset‑level transactions, including non‑core property sales, royalty acquisitions and infrastructure divestitures.
Project updates: Companies disclosed drilling‑program results, facility‑turnaround schedules and pipeline‑maintenance timelines.
Clean‑tech partnerships: Issuers reported collaborations in carbon capture, hydrogen production and renewable‑power integration.

Carbon capture: Companies advanced pilot projects involving solvent‑based capture, modular capture units and emissions‑monitoring systems.
Hydrogen: Issuers reported progress on electrolyzer deployments, blending trials and feasibility studies for blue and green hydrogen.
AI and automation: Operators referenced AI‑supported production optimization, predictive maintenance and pipeline‑integrity monitoring.
Renewables: Updates included battery‑storage pilots, grid‑integration studies and small‑scale solar and wind deployments.
Patents: Filings covered emissions‑reduction technologies, process‑control systems and energy‑storage components.

Crude flows: Canadian crude exports to the United States continued under existing pipeline and rail‑capacity constraints.
LNG: Global LNG pricing and shipping‑rate movements remained relevant for Canadian developers planning export terminals.
Freight: Marine‑transport costs and vessel‑availability trends influenced equipment imports and project‑construction timelines.
Geopolitical risk: International supply‑chain and security developments continued to shape global oil and gas trade patterns.
Currency: Canadian‑dollar movements against the U.S. dollar affected revenue for exporters and cost structures for equipment importers.