BOE Report

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]

WPX Energy Declares Dividend on Preferred Stock

TULSA, Okla.--(BUSINESS WIRE)--WPX Energy’s (NYSE: WPX) board of directors has approved a quarterly dividend of $0.78125 per share to holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock. The dividend is payable as of July 31, 2018, to holders of record of the company’s preferred stock on July 13, 2018. About WPX Energy, Inc. WPX is an independent energy producer with core positions in the Permian [Read more]

Northern Oil and Gas, Inc. Announces Completion of Senior Notes Exchange Transaction

MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has completed its previously announced exchange transaction with certain holders of its 8% senior unsecured notes, including the requirement to raise an additional $140 million of new equity capital. HIGHLIGHTS OF THE TRANSACTION $497 million of existing senior unsecured notes has been exchanged for approximately (i) $344 [Read more]

WildHorse Resource Development Corporation Receives Notice of Partial Distribution of WRD Shares

HOUSTON--(BUSINESS WIRE)--WildHorse Resource Development Corporation (NYSE:WRD) received notice today that Natural Gas Partners, IX L.P. (“NGP IX”), which is one of three investment funds managed by NGP Energy Capital Management, LLC (“NGP”) that are the largest stockholders of WRD, has recently distributed approximately 12.0 million shares to its limited partners in NGP IX. Following the distribution, investment funds managed by NGP continue as [Read more]