BOE Report

Simpson Oil Responds to CEO “Departure” Amid Staggering Losses and Growing Evidence of Board Failure at Parkland

Calls Out Another Alarming Example of the Breakdown in Oversight, Transparency, and Risk Management Under the Incumbent Board Urges Shareholders to Recognize This Latest Development as Another Last-Ditch Attempt to Preserve the Status Quo Notes That Parkland’s Largest Shareholder Has Still Received No Outreach from the Board Despite Company’s Claim of Being Collaborative Reminds Shareholders to Visit www.RefuelParkland.com to View the Full Presentation and for Details on How to Vote for [Read more]

Simpson Oil Releases Presentation Addressing Years of Value Destruction Under Parkland’s CEO and Board

Highlights Plan to Restore Accountability and Deliver Results to Reverse the Current Board’s Failures Presents Shareholders With a Clear Choice: A New Team With a Focus on Execution—or More of the Same Urges Shareholders to visit www.RefuelParkland.com to View the Full Presentation and for Details on How to Vote for All Nine of Simpson Oil’s Director Candidates on the GOLD Proxy Card Ahead of May 6 AGM GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Simpson Oil Limited (“Simpson Oil”, [Read more]

NextDecade Announces 1.5 MTPA LNG Sale and Purchase Agreement with TotalEnergies from Rio Grande LNG Train 4

Sufficient commercial agreements in place to support a positive Final Investment Decision on Train 4 HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that TotalEnergies (Total) (NYSE: TTE) has exercised its LNG purchase option with respect to Train 4 at the Rio Grande LNG Facility, and subsidiaries of both companies have executed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for offtake from Train [Read more]

Simpson Oil Files Proxy Circular, Urges Shareholders to Vote the GOLD Proxy for Wholesale Change at Parkland

Calls Out the Board’s Latest Act of Entrenchment and Gamesmanship: Bloating the Board Size to 13 Urges Shareholders to Vote the GOLD Proxy FOR ALL NINE of Simpson Oil’s Highly Qualified Director Candidates Ahead of the May 6 Annual General Meeting Reminds Shareholders to Visit www.RefuelParkland.com to Learn More About Simpson Oil’s Nominees and Their Detailed Plan to Deliver Accountability and Long-Term Value for the Benefit of All Shareholders GRAND CAYMAN, Cayman Islands--(BUSINESS [Read more]

Simpson Oil Sends Letter to Parkland Shareholders and Nominates Nine Highly Experienced Directors to Refuel Parkland and Restore Value

Outlines the Current Board’s Track Record of Entrenchment, Chronic Financial Underperformance, and Sustained Destruction of Shareholder Value Believes the Time Has Come to Hold the Board Accountable for Failing Shareholders With Its Lack of Management Oversight, Succession Planning, and Misguided Decision Making Launches www.RefuelParkland.com Detailing the Case for Change and Introducing the Director Nominees and the Plan to Build Shareholder Value at Parkland GRAND CAYMAN, Cayman [Read more]

Imperial to hold 2025 Investor Day on April 17

CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman and chief executive officer; John Whelan, president; and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host the company’s 2025 Investor Day on Thursday, April 17, 2025. The presentation begins at 9 a.m. EST and will be accessible by webcast. At Investor Day, Imperial’s management team will provide an update on the company’s operations and business strategy, followed by a [Read more]

ExxonMobil Announces Leadership Changes

Karen McKee to Retire After 34 years of Service Matt Crocker Appointed President, ExxonMobil Product Solutions Company and Vice President, Exxon Mobil Corporation SPRING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE: XOM) today announced Karen T. McKee, president of ExxonMobil Product Solutions Company and vice president Exxon Mobil Corporation, will retire effective May 1, 2025. The Board of Directors has appointed Matt Crocker president, ExxonMobil Product Solutions Company and vice [Read more]

Superior Plus Hosts Investor Day, Raises Superior Delivers Target to $70M+, and Unveils 2027 Financial Targets

Key Highlights New Target for Propane Transformation: Increasing Superior Delivers target from $50M+ to $70M+ of incremental Adjusted EBITDA by 2027. New Consolidated Financial Targets: Introducing three-year financial targets, including approximate compound annual growth rates (CAGRs) of: 8% for Adjusted EBITDA(1), 17% for Adjusted EBTDA(1) per share and 40% for Free Cash Flow(1) as well as significant improvements on return on invested capital (ROIC)(1) from 2024 to 2027. Strengthen [Read more]

Chevron Announces Sale of Majority Interest in its East Texas Gas Assets

HOUSTON--(BUSINESS WIRE)--Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (“Chevron”) (NYSE: CVX), announced that it has closed on a transaction to sell a 70% interest in its East Texas gas assets to an affiliate of TG Natural Resources LLC (“TGNR”), a company indirectly owned by Tokyo Gas Co., Ltd. (“Tokyo Gas”) and Castleton Commodities International LLC (“CCI”), for $525 million, with $75 million paid in cash and $450 million as a capital carry to fund Haynesville development. [Read more]

 Waterous Energy Fund Closes Third Private Equity Fund at C$1.4 Billion

CALGARY, Alberta--(BUSINESS WIRE)--Waterous Energy Fund (“WEF”) today announced the final closing of its third private equity fund, Waterous Energy Fund III (“Fund III” or “the Fund”) at the stated target of C$1.4 billion (~US$1 billion). For Fund III, WEF will continue to pursue its value-based investment strategy in the Canadian oil and gas sector. WEF believes that a concentrated portfolio of scaled businesses with established, high-quality, and geographically adjacent assets is the most [Read more]