CALGARY, AB - The Canadian Association of Petroleum Producers (CAPP) is forecasting a 22 per cent increase in natural gas and oil investment in 2022. Capital spending in the sector is expected to grow by $6.0 billion to reach $32.8 billion, compared to an estimated total investment of $26.9 billion in 2021. (All figures in Canadian dollars.) The expected growth in spending for 2022 would mark the second straight year of significant increases in investment as Canadian producers look to [Read more]
Enbridge announces executive leadership changes
CALGARY, AB - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced the following executive leadership changes. Bill Yardley, Executive Vice President and President, Gas Transmission and Midstream, has decided to retire on May 31, 2022. Al Monaco, President and CEO, said "Bill has led a top-notch gas transmission business, significantly expanded our franchises, and executed our LNG gas pipeline export strategy. Equally important, he's advanced our mission to bring [Read more]
$0.40 per share return of capital for Pan Orient Energy Corp.
CALGARY, AB - Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSXV: POE) is pleased to announce that it received shareholder approval today for its previously announced capital reorganization. Over 99% of the votes cast were in favor of the required special resolution. Shareholder approval allowed Pan Orient's directors to set the effective date for the reorganization and the record and payment dates for the resulting $0.40 per common share return of capital to shareholders. The [Read more]
Enerplus to report fourth quarter and full-year 2021 results & reserves February 24
CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) will be releasing operating and financial results for the fourth quarter and full-year 2021 after market close on Thursday, February 24, 2022. A results conference call will be hosted by Enerplus' President & CEO, Ian C. Dundas on February 25, 2022, at 9:00 AM MT (11:00 AM ET) to discuss these results. Details of the conference call are noted below. Fourth Quarter & Full-Year 2021 Results Live [Read more]
Tourmaline increases quarterly dividend by 11%, declares a $1.25/share special dividend and provides operational update
CALGARY, AB, Jan. 17, 2022 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce a quarterly dividend increase and special cash dividend and provide an operational update. QUARTERLY DIVIDEND INCREASE AND SPECIAL DIVIDEND Tourmaline is pleased to announce both a quarterly base dividend increase of 11% and the declaration of a special cash dividend of $1.25/share, given the continued strong financial performance and outlook for the Company. The [Read more]
Surge Energy Inc. announces 2022 capital and operating budget; corporate update on shareholder returns business model; operations update
CALGARY - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its 2022 budget guidance, as approved by the Company's Board of Directors, an update on Surge's anticipated reinstatement of Management's shareholder returns focused business model, and an operations update. Surge's focus in 2022 continues to be on disciplined capital allocation, with cash flow strategically allocated between capital projects, net debt1 repayment, and a fundamental goal of reinstating the [Read more]
PetroShale Inc. announces appointment of new management team, board appointment, oversubscribed $54.5 million equity financing, 2022 capital budget and production guidance and proposed name change to Lucero Energy Corp.
CALGARY, AB - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the appointment of a new management team (the "New Management Team") led by Brett Herman as President & Chief Executive Officer, Jason Skehar as Chief Operating Officer, Marvin Tang as Vice President, Finance & Chief Financial Officer, Sandy Brown as Vice President, Geosciences, Kristine Lavergne as Vice President, Engineering, and Shane Manchester as Vice President, [Read more]
Tamarack Valley Energy announces 2022 corporate budget, updated five-year plan and return of capital framework & declaration of inaugural dividend
CALGARY, AB -Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) announces that the Board of Directors (the "Board") has approved a 2022 capital budget, pro forma the acquisition of Crestwynd Exploration Ltd. (the "Acquisition"), of $250 to $270 million, designed to achieve significant free funds flow(1), and generate annual production of 45,000 to 46,000 boe/d(2), enabling return of capital optionality and maintaining a strong balance sheet. "We are excited to roll out a [Read more]
Gibson Energy announces the addition of Ms. Heidi Dutton to the company’s Board of Directors
CALGARY, AB - Gibson Energy Inc. announced today that Ms. Heidi Dutton joined the Company's Board of Directors effective today. "We are pleased to have Heidi join Gibson's Board of Directors," said James Estey, Chair of Gibson. "In order to ensure the comprehensive oversight of the Company's corporate strategy, the Board remains committed to having access to the right skillsets and a broad range of expertise and perspectives. Heidi has a strong innovative business development background. In [Read more]
TransAlta Renewables provides update on wind turbine failure
CALGARY, AB - TransAlta Renewables Inc. ("TransAlta Renewables" or the "Company") (TSX: RNW) announced today additional findings from the ongoing investigation pertaining to a tower collapse at the Kent Hills 2 wind site. Following extensive independent engineering assessments and root cause failure analysis, the Company has determined that all 50 turbine foundations at the Kent Hills 1 and 2 wind sites require a full foundation replacement. The root cause failure analysis indicates that [Read more]
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