BOE Report

Line 5 shutdown would cause at least $20.8B in losses to Michigan, Ohio, Indiana and Pennsylvania, analysis finds

Consumer Energy Alliance Releases Report Highlighting Economic Impacts to Midwest and Great Lakes Consumers from Reckless Line 5 Closure LANSING, Mich. - An unnecessary and premature shutdown of the Line 5 pipeline risks at least 33,000 jobs and a minimum of $20.8 billion in economic losses to consumers in Michigan, Ohio, Indiana and Pennsylvania, an independent third-party analysis requested by Consumer Energy Alliance (CEA) finds. Weinstein, Clower and Associates used the IMPLAN economic [Read more]

Imperial reports voting results for election of directors

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced at its annual meeting of shareholders held on May 4, 2021, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 17, 2021 were elected as directors. A total of 674,344,229 shares (91.86 percent of outstanding common shares) were represented in person or by proxy. The percentage of shares represented at the meeting that were voted to elect the [Read more]

Imperial declares second quarter 2021 dividend

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 27 cents per share on the outstanding common shares of the company, payable on July 1, 2021, to shareholders of record at the close of business on June 3, 2021. This second quarter 2021 dividend compares with the first quarter 2021 dividend of 22 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the [Read more]

Imperial announces first quarter 2021 financial and operating results

CALGARY, Alberta - Imperial Oil Limited (TSX, NYSEAM: IMO): Net income of $392 million in the first quarter of 2021 Cash flows from operating activities of over $1 billion in the first quarter Improved financial performance across all business segments compared to the fourth quarter Highest first quarter Upstream production in 30 years, driven by record gross production at Kearl Imperial reinstates significant share purchase program with plans to purchase up to four percent of [Read more]

EverGen announces acquisition of B.C.’s original RNG facility

VANCOUVER, British Columbia -EverGen, Canada’s Renewable Natural Gas (RNG) Infrastructure Platform, announces its acquisition of Fraser Valley Biogas Ltd. (“Fraser Valley Biogas”) in Abbotsford, BC. Fraser Valley Biogas has been in operation since 2011 and is the original producing RNG project in Western Canada and first project to produce RNG into FortisBC’s network. The facility combines anaerobic digestion and biogas upgrading to produce RNG, primarily by converting agricultural waste from [Read more]

Civeo Announces First Quarter 2021 Earnings Conference Call

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its first quarter 2021 earnings conference call for Friday, April 30, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the quarter, which will be released before the market opens on Friday, April 30, 2021. By Phone: Dial 800-263-0877 inside the U.S. or 646-828-8143 internationally and ask for the [Read more]

Imperial to hold 2021 first quarter earnings call

CALGARY, Albert - (TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2021 First Quarter Earnings Call on Friday, April 30, following the company’s first quarter earnings release that morning. The event begins at 9 a.m. MST and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering [Read more]

Seven Generations Energy announces conditional redemption of all of its 6.750% senior notes due 2023, 6.875% senior notes due 2023 and 5.375% senior notes due 2025

CALGARY, Alberta - Seven Generations Energy Ltd. (TSX: VII) Seven Generations Energy Ltd. today announced that it has issued notices of conditional redemption (the “Conditional Redemption”) to holders for all of its outstanding 6.750% Senior Notes due 2023 (the “6.750% Notes”) at a redemption price of 100.000% plus accrued and unpaid interest, all of its outstanding 6.875% Senior Notes due 2023 (the “6.875% Notes”) at a redemption price of 101.719% plus accrued and unpaid interest and all of [Read more]

Seven Generations Energy releases fourth quarter 2020 results

CALGARY, Alberta - Seven Generations Energy Ltd. (TSX: VII) FOURTH QUARTER & FULL-YEAR 2020 HIGHLIGHTS Quarterly sales volumes averaged 190.1 Mboe/d (43% natural gas, 35% condensate, 22% other NGLs), delivering full-year volumes of 183.9 Mboe/d (43% natural gas, 35% condensate, 22% other NGLs) in-line with the company’s revised full-year 2020 budget. Fourth quarter funds flow of $275 million and capital investments of $126 million resulted in free cash flow of $149 million, [Read more]

ARC Resources and Seven Generations Energy announce strategic Montney combination

CALGARY, Alberta - (ARX - TSX, VII - TSX) ARC Resources Ltd. ("ARC") and Seven Generations Energy Ltd. ("Seven Generations") today announce a strategic combination of the two premier Montney producers. The combined company will continue to focus on significant free funds flow(1) generation through a responsible and disciplined approach to development while creating superior and enduring value for all shareholders. The combination is consistent with ARC’s and Seven Generations’ long-term [Read more]