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Peters & Co. Limited - an independent, fully integrated investment firm which has specialized for over 52 years in investments in the Canadian oil and natural gas and oilfield services industries.


Peters & Co. Limited Disclaimer and Terms of Use

NOTICE - Your access to the Peters & Co. Limited website, including all pages, sub-pages, URL's and sub-URL's (collectively, the "Website") is conditional on your accepting and agreeing to the following terms of use, disclaimers and limitations of liability (collectively "Terms of Use"). Other areas of this Website also contain specific disclaimers or limitations which, where the context requires, are also incorporated into these Terms of Use. If you do not accept these Terms of Use, you must not access this Website.

Changes to the Terms of Use
Peters & Co. Limited ("we", "us", "our", etc.) may change these Terms of Use from time to time and at any time without notice to you. You agree that you will check for such changes every time you visit this Website and that, if you do not accept such changes, you will cease accessing this Website.

Disclaimer of Warranties
Unless otherwise expressly stated, the following shall apply to all use of this Website and any of its contents or materials:
  • Content, information and materials (the "Content") contained in or available on this Website is for general information purposes only;
  • This Website and access to it is provided strictly on an "as is, where is" and as available" basis;
  • The Website and the Content may be changed, updated, modified, amended or deleted from time to time, at any time and without notice;
  • The Content does not constitute an offer to sell or a solicitation to buy or otherwise deal in the securities of any company or other legal entity unless expressly stated otherwise;
  • Some areas of this Website and access to certain Content may require a subscription and/or a password and user name and may be subject to additional or substitute terms and conditions. If you subscribe to, or otherwise obtain a password and/or user name, with respect to such Content, you will be bound by such additional or substitute terms and conditions, provided that, unless these Terms of Use are expressly varied by such additional terms and conditions, you will continue to be bound by these Terms of Use to the extent that these Terms of Use are not in conflict with such additional terms and conditions;
  • We will not be liable or responsible for any damages you may suffer if you transmit confidential or sensitive information to us or if we communicate such information to you at your request, express or implied, over the Internet; and
  • We disclaim, and you receive, no promises, representations, warranties, conditions or guarantees, express or implied, with respect to the Website and/or the Content, its availability, or your access to it. Specifically, and without limitation, while we have taken reasonable steps to ensure the accuracy of the Content:
    • we do not warrant, guarantee or make any representations or claims as to the validity, correctness, currency, timeliness, completeness, or otherwise of the Content provided;
    • we do not warrant, represent or guarantee that the Website will operate error free or be available without interruption, or that it will be free of viruses or other harmful devices;
    • we accept no responsibility to update the Website or the Content; and
    • the Content cannot be relied on as specific investment, legal, accounting, financial or tax advice and we accept no liability or responsibility with respect to any of the foregoing.

Limitation of Liability and Damages
In no event will Peters & Co. Limited, or our affiliates, subsidiaries, directors, officers, employees or agents be liable or responsible for any loss, claim, cost or damages (collectively, "Damages") whatsoever, including, without limitation, for any loss of profits, business or economic loss, business interruption, interruption of activities, failure to realize expected revenue or profits, or loss of or alteration to data, and whether such Damages are direct, indirect, incidental, consequential, special, exemplary, aggravated, punitive or otherwise, and whether such Damages arise out of any use or misuse of the Website, or any lack of availability or distortion of data available from or through the Website, or any interpretation, reliance upon or other use, authorized or unauthorized, of any Content or other information available directly or indirectly via the Website. Under no circumstances whatsoever will Peters & Co. Limited, or our affiliates, subsidiaries, directors, officers, employees or agents be liable for any such Damages in excess of One Thousand ($1,000.00) Dollars. The foregoing provisions shall apply regardless of the cause of action, whether arising in tort (including but not limited to negligence), contract or any other legal theory.

Advisor - Client Relationships
Unless we expressly agree otherwise, no advisor-client, advisory, agency, fiduciary or other relationship is created by accessing or otherwise using the Website or by communicating with us by way of email or through this Website.

Communications Not Confidential
You agree that, unless we expressly agree otherwise, and subject to our Privacy Policy, no communication with us is guaranteed to be confidential. We do not guarantee that email will be secure and you agree to communicate via email or other electronic means at your own risk. Communication by email or other electronic means by you will constitute consent to our communicating by using the same or a similar means with you.

Third Party Links
Certain links on this Website lead to websites maintained by independent third parties over which or whom we have no control. Such links have been provided solely as a convenience for users of this website and do not constitute an endorsement or approval by us of the content of such third party sites. Your use of such links is solely at your own risk. Links to this Website may also be provided from other sites either known or unknown to us and access to any other website linked to or from this Website is at your own risk. We make no promises, guarantees, warranties, conditions or representations and we disclaim all responsibility for the privacy practices, content or accuracy of content on any such third party website. The Internet is not a secure medium and is subject to possible interception, loss, corruption, or alteration of communication for which we assume no liability.

Forward Looking Statements
This Website may contain Content which include or constitute forward-looking statements related to the operations of certain third party companies or entities, and which are based on our estimates, forecasts and projections. Such statements are not guarantees of future performance, and involve risks and uncertainties which are difficult to predict, and which are beyond our control. Such statements relate to the date on which they are made. Content in this Website using worlds such as "outlook", "anticipate", "expect", "estimate", "forecast" and similar expressions will constitute such forward-looking statements. We expressly disclaim any obligation to update, amend or revise such statements, whether as a result of new information, ongoing developments, or events occurring following the date of such statements or otherwise.

Alberta Law applies to these Terms of Use
The laws of the province of Alberta, and the laws of Canada applicable in Alberta, will govern use of this Website and the interpretation, validity and effect of these Terms of Use, notwithstanding any conflict of laws rules or similar provisions or your physical location, residence or domicile. You hereby consent, submit and attorn to the jurisdiction of the courts of the province of Alberta, without regard to their conflicts of laws provisions, in any action or proceeding related to this Website, its contents or your use thereof. You agree to not commence any such action or proceeding except in Calgary, Alberta, Canada, and you agree that you will not commence or join any proceedings by way of class action or similar process, in Alberta or otherwise, provided that nothing in the foregoing will restrict us from seeking an injunction or other equitable relief in any court of competent jurisdiction if required to restrain breach or threatened breach of these Terms of Use by you.

All Rights Reserved
The material and information accessed via this Website are available only under the conditions set out herein. Unless otherwise stated, all the contents of this Website and any information thereon are copyright © Peters & Co. Limited, or its licensors, all rights reserved. Petersco, Peters & Co., Peters & Co. Limited, and all associated designs and logos are trade-marks and the exclusive property of Peters & Co. Limited, all rights reserved. The trade-marks of any third parties appear with any required licenses. You are granted a limited, revocable, conditional and non-exclusive license to display and print the contents of the Website, and the Content, for personal, non-commercial use only, provided you do not alter the contents thereof. Any other use is strictly prohibited without our express written consent.

General Terms
These Terms of Use will enure to the benefit of Peters & Co. Limited and its heirs, successor and assigns. In the event that any portion of these Terms of Use is found to be invalid by a court of competent jurisdiction, such provision shall be severed from these Terms of Use, and the balance of these Terms of Use shall remain in full force and effect. These Terms of Use may be terminated by us at any time without notice, remedy or claim for Damages by you.

In the event of a discrepancy between the Content provided on this Website and that recorded on the books and records of Peters & Co. Limited, the books and records of Peters & Co. Limited will govern.

All monetary amounts stated in this Website are in Canadian dollars unless otherwise stated.

United Kingdom - Disclaimer

Peters & Co. Limited (Peters & Co.) is not authorised in the United Kingdom. Therefore, securities that may be offered or discussed on this Website, which includes our research publications, are intended only for, and directed only at, certain persons in the United Kingdom who are both:

(a) "qualified investors" as defined in Article 2(e) of the retained EU law version of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the "UK Prospectus Regulation"); and
(b) Any of the following:
(i) "investment professionals" within the definition in Article 19(5) of the FSMA (Financial Promotion) Order 2005 (FPO);
(ii) the categories of persons referred to in Article 49(2) (a) to (d) of the FPO namely, high net worth companies, unincorporated associations, partnerships or trustees of high value trusts; and
(iii) any other persons to whom this material may lawfully be communicated,
the above persons together being referred to as "relevant persons."

The securities that may be offered and represented on this Website are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such rights in securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this Website or any of its contents. This Website contains no offer of transferable securities to the public in the United Kingdom within the meaning of sections 85(1) and 102B of FSMA and contains no offer of securities to the public in the United Kingdom within the meaning of Article 3(1) of the UK Prospectus Regulation. This Website is not an “approved prospectus” for the purposes of Section 85(7) of FSMA. Accordingly, this Website has not been examined or approved as a prospectus by the Financial Conduct Authority (FCA) under Section 87A FSMA or by the London Stock Exchange and has not been filed with the FCA pursuant to the UK Prospectus regulation and the rules published by the FCA in the FCA Handbook PRR Prospectus Regulation Rules sourcebook nor has it been approved by an “authorized person” for the purposes of Section 21 of FSMA.

This is investment research. The information, data, analyses and opinions, “information”, contained on this Website: (1) include the proprietary information of Peters & Co.; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute advice and should not be relied upon as such; (4) are provided solely for informational purposes; (5) are provided to our clients generally, and are not designed for any one client specifically; (6) are not warranted or represented to be complete, accurate or current; and (7) may be drawn from data published on various dates. The information does not take into account the investment objectives, financial circumstances or investment needs of any particular investor. The investments featured on this Website may not be suitable for every investor. Nothing on this Website shall, or is intended to, constitute financial, legal, accounting or tax advice. The information should not be relied upon as the basis of an investment decision. Peters & Co. disclaims all liability to you for any trading decisions, damages or other losses related to the information or its use. If you choose to use this information, you do so at your own risk. You should verify all the information before using it and seek the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

This information is CONFIDENTIAL and should not be passed on by a relevant person to anyone, other than to relevant persons, and only as specifically authorised by Peters & Co.

A substantially similar UK Disclaimer to that directly above has been included on all company research publications from September 8, 2014 forward. You acknowledge and agree that the above UK Disclaimer applies to all company research publications available for viewing on our Website published prior to September 8, 2014, even though it is not printed directly thereon.

This document was last updated on July 7, 2021.

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