BOE Report

Ensign Energy Services Inc. reports 2023 results

CALGARY, AB, March 1, 2024 /CNW/ - 2023 HIGHLIGHTS Ensign's fourth quarter and year-end 2023 results reflect the Company's commitment to revenue rate discipline, focus on cash flow generation, and continued debt reduction. Revenue for 2023 was $1,791.8 million, a 14 percent increase from 2022 revenue of $1,577.3 million. Revenue amounts and percentage of total by geographic area: Canada - $446.4 million, 25 percent; United States - $1,040.8 million, 58 percent; and [Read more]

Government of Canada announces $50 million for Ontario’s expansion of clean, reliable and affordable nuclear energy

OTTAWA, ON, Feb. 29, 2024 /CNW/ - For decades, Canada and Ontario's nuclear technology has been world-leading, providing safe, reliable, and affordable non-emitting energy, as well as good jobs for workers, with over 75,000 hard-working Canadians employed across the nuclear supply chain. Today, the governments of Canada and Ontario are working together to advance new nuclear power generation in Ontario to cement our globally recognized competitive advantage, meet growing demand for clean energy [Read more]

MEG Energy announces President & Chief Executive Officer succession

Darlene Gates to become President & CEO with departure of Derek Evans CALGARY, AB, Feb. 29, 2024 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") today announced that Derek Evans will be stepping down from his role as President and Chief Executive Officer and from its Board of Directors effective May 1, 2024. Concurrent with this announcement, the Board of Directors is pleased to announce the appointment of Darlene Gates, the Corporation's current Chief Operating Officer, to [Read more]

MEG Energy announces 2023 financial and operating results

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation's Non-GAAP and Other Financial Measures are detailed in the Advisory section of this news release. They include: cash operating netback, bitumen realization net of transportation and storage expense, operating expenses net of power revenue, energy operating costs net of power revenue, non-energy operating costs, energy operating costs, adjusted [Read more]

CES Energy Solutions Corp. announces strong fourth quarter and full year 2023 results with record revenue and adjusted EBITDAC and a 20% increase to its quarterly dividend

CALGARY, AB, Feb. 29, 2024 /CNW/ - CES Energy Solutions Corp. ("CES" or the "Company") (TSX: CEU) (OTC: CESDF) is pleased to announce strong financial results for the three and twelve months ended December 31, 2023, along with a 20% increase to its quarterly dividend from $0.025 per share to $0.030 per share, which will be paid on the Company's next scheduled dividend payment of April 15, 2024 to the shareholders of record at the close of business on March 29, 2024. Fourth [Read more]

Pason reports fourth quarter 2023 results and declares increased quarterly dividend

CALGARY, AB, Feb. 28, 2024 /CNW/ - Pason Systems Inc. ("Pason" or the "Company") (TSX: PSI) announced today its 2023 fourth quarter and annual results and the declaration of an increased quarterly dividend. The following news release should be read in conjunction with the Company's Management Discussion and Analysis ("MD&A"), the Consolidated Financial Statements and related notes for the three and twelve months ended December 31, 2023, as well as the Annual Information Form for the year [Read more]

Western Energy Services Corp. releases fourth quarter and year end 2023 financial and operating results, reducing debt by $17 million in 2023

CALGARY, AB, Feb. 28, 2024 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) announces the release of its fourth quarter and year end 2023 financial and operating results, reducing debt by $17 million in 2023.  Additional information relating to the Company, including the Company's financial statements and management's discussion and analysis as at and for the year ended December 31, 2023 and 2022 will be available on SEDAR+ at www.sedarplus.ca.  Non-International [Read more]

Vermilion Energy Inc. acquires common shares of Coelacanth Energy Inc.

CALGARY, AB, Feb. 28, 2024 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) announces that it has filed an early warning report (the "Early Warning Report") in respect of its holdings in Coelacanth Energy Inc. ("Coelacanth"). On February 27, 2024, Vermilion acquired ownership of, or control and direction over, 12,497,000 common shares ("Common Shares") of Coelacanth through a privately negotiated transaction with a single counterparty at a price of $0.75 per Common Share for [Read more]

Tamarack Valley Energy announces year-end 2023 financial & reserve results, Clearwater resource evaluation and provides operational and guidance update including executive appointment

CALGARY, AB, Feb. 28, 2024 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce its audited financial and operating results for the three months and year ended December 31, 2023 and the results of Tamarack's year-end independent oil and gas reserves evaluations as of December 31, 2023 (the "Reserve Reports"), prepared by Tamarack's independent qualified reserves evaluators, McDaniel & Associates Consultants Ltd. ("McDaniel) and GLJ Ltd. ("GLJ"). [Read more]

Spartan Delta Corp. announces 2023 year-end results, reserves and updated guidance for 2024

CALGARY, AB, Feb. 26, 2024 /CNW/ - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to report its financial and operating results for the fourth quarter and year ended December 31, 2023, highlights of the Company's year-end reserves evaluation, as well as updated guidance for 2024. Selected financial and operational information is set out below and should be read in conjunction with Spartan's audited consolidated annual financial statements and related management's [Read more]