BOE Report

Energy Transfer Partners, L.P. Announces Pricing of $3.0 Billion of Senior Notes

DALLAS--(BUSINESS WIRE)--Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing of its $500 million aggregate principal amount of 4.20% senior notes due 2023, $1.0 billion aggregate principal amount of 4.95% senior notes due 2028, $500 million aggregate principal amount of 5.80% senior notes due 2038 and $1.0 billion aggregate principal amount of 6.00% senior notes due 2048 at a price to the public of 99.926%, 99.819%, 99.647% and [Read more]

Hess Announces Regular Quarterly Dividend On Common Stock

NEW YORK--(BUSINESS WIRE)--#dividend--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 29, 2018 to holders of record at the close of business on June 18, 2018. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess [Read more]

NGL Energy Partners LP Announces Fourth Quarter and Fiscal 2018 Financial Results and Initiates Fiscal 2019 Guidance

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported net income for the quarter ended March 31, 2018 of $110.9 million, including an $89.3 million gain on the sale of a portion of our Retail Propane segment, compared to net income for the quarter ended March 31, 2017 of $26.5 million. The Partnership reported a net loss for Fiscal 2018 of $69.6 million. NGL also announced earlier today [Read more]

Cation Capital Comments on Crescent Point Energy’s New Transformation Plan

Notes that Crescent Point Has Adopted Key Elements of Cation’s Call for Change, Less than a Month After Vigorously Opposing It Credits Positive Developments at Crescent Point to Shareholders who Voted for Change CALGARY, Alberta--(BUSINESS WIRE)--#CPG--Cation Capital Inc. (“Cation Capital” or “Cation”), a private investment firm and shareholder of Crescent Point Energy Corp. (TSX/NYSE: CPG) (“Crescent Point” or the “Company”), today issued the following statement, following today’s [Read more]

Iron Bridge Board of Directors to Review Unsolicited Tender Offer from Velvet Energy

Shareholders Advised to Take No Action Pending Review of Offer CALGARY, Alberta--(BUSINESS WIRE)--$IBR #IronBridge--Iron Bridge Resources Inc. (“Iron Bridge”, “IBR” or the “Company”) (TSX: IBR) today confirmed that Velvet Energy Ltd. (“Velvet Energy”) has commenced an unsolicited tender offer to acquire all the issued and outstanding common shares of IBR at a price of $0.75 per share in cash (the “Velvet Offer”). The Iron Bridge Board of Directors, in consultation with independent financial [Read more]

Trans Mountain Pipeline System and Expansion Project to Be Sold for C$4.5 Billion

KMI 2018 DCF Guidance Affirmed; Balance Sheet Strengthened HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that the Kinder Morgan Canada Limited (TSX: KML) board of directors has agreed to the purchase of the Trans Mountain Pipeline system and the expansion project (TMEP) by the Government of Canada for C$4.5 billion, and has agreed to work with the Government of Canada to seek a third party buyer for the Trans Mountain Pipeline system and TMEP through July 22, [Read more]

Pioneer Natural Resources Announces Second Quarter 2018 Earnings News Release Date and Conference Call

DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its second quarter 2018 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Tuesday, August 7, 2018. A conference call is scheduled for Wednesday, August 8, 2018, at 9:00 a.m. Central Time to discuss the second quarter results. Instructions on how to listen to the call and view the [Read more]

ConocoPhillips Announces Cash Tender Offer for up to $1.75 Billion of Debt Securities

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) announced today that ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo”) have commenced a cash tender offer (the “Tender Offer”) to purchase up to $1.75 billion in aggregate principal amount (the “Maximum Tender Offer Amount”) of outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes), in the order of priority shown in the table [Read more]

WPX Energy Announces Early Results and Early Settlement of Cash Tender Offers

TULSA, Okla.--(BUSINESS WIRE)--WPX Energy (NYSE: WPX) announced today the early results and early settlement of its previously announced cash tender offers (the “Tender Offers”) to purchase up to $400.0 million aggregate principal amount (the “Aggregate Maximum Tender Amount”) of its outstanding 6.000% Senior Notes due 2022 (the “2022 Notes”) and 8.250% Senior Notes due 2023 (the “2023 Notes” and together with the 2022 Notes, the “Notes”). The [Read more]

Iron Bridge Highlights Flawed and Undervalued Nature of Velvet Energy Proposal

Urges Shareholders to Take No Action CALGARY, Alberta--(BUSINESS WIRE)--Iron Bridge Resources Inc. (“Iron Bridge”, “IBR” or the “Company”) (TSX:IBR) responded today to the announcement by Velvet Energy Ltd. (“Velvet Energy”) that it intends to make an unsolicited offer to acquire all of the issued and outstanding common shares of Iron Bridge. Iron Bridge believes that Velvet Energy’s proposal is flawed, significantly undervalues the Company and is an attempt to deny Iron Bridge shareholders [Read more]