BOE Report

Surge Energy Inc. confirms February 2024 dividend

CALGARY, AB, Jan. 15, 2024 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on February 15, 2024, in respect of January 2024 production, for the shareholders of record on January 31, 2024, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The [Read more]

Ovintiv names Sippy Chhina to Board of Directors

DENVER, Jan. 11, 2024 /CNW/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Sippy Chhina has been named as an independent member of its board of directors, effective January 15, 2024. Chhina, 57, recently retired as a Partner at Deloitte Canada LLP, a leading multinational professional services network, where she held various roles since 2006. In addition to her client responsibilities, she also served as a member on the Board of Deloitte Canada and was a Vice Chair of [Read more]

SECURE announces automatic share purchase plan

CALGARY, AB, Jan. 11, 2024 /CNW/ - SECURE Energy Services Inc. ("SECURE", the "Corporation") (TSX: SES) announced today that, in connection with its previously announced normal course issuer bid ("NCIB") to purchase for cancellation up to 23,196,967 common shares of the Corporation ("common shares"), the Corporation has entered into an automatic share purchase plan ("ASPP") with a designated broker. The ASPP has been pre-cleared by the Toronto Stock Exchange (the "TSX") and is expected to be [Read more]

Trigon Pacific Terminals initiates regulatory review for planned Canadian LPG export project

PRINCE RUPERT, BC, Jan. 10, 2024 /CNW/ - As a critical step in securing the necessary project approvals, Trigon Pacific Terminals Ltd. (Trigon) has completed the Project Description for its proposed Trigon Pacific LPG Project and submitted it to the Prince Rupert Port Authority. Trigon Pacific Terminals completes Project Description for proposed LPG project, initiating regulatory review process. The Project Description outlines key project attributes, including the compelling advantages of [Read more]

Enbridge Inc. to host webcast to discuss 2023 fourth quarter results on February 9

CALGARY, AB, Jan. 9, 2024 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will host a conference call and webcast to provide a business update and review 2023 fourth quarter and full year results on February 9, 2024, at 7:00 a.m. MT (9:00 a.m. ET). The conference call format will include prepared remarks from the executive team, followed by a question-and-answer session for the analyst and investor community only. Enbridge's media and investor relations teams will be [Read more]

Sleeping Giant Capital Corp. announces qualifying transaction

CALGARY, AB, Jan. 9, 2024 /CNW/ - Sleeping Giant Capital Corp. (TSXV: SSX.P) ("Sleeping Giant"), a Capital Pool Company as defined under TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 — Capital Pool Companies, is pleased to announce that it has entered into a Purchase and Sale Agreement (as defined below) to acquire non-operated working interests in certain oil and gas assets (the "Transaction"), as further described below (the "Assets"). Sleeping Giant intends that the Transaction [Read more]

Deloitte Canada predicts weak oil and gas market in 2024, but opportunities will persist

Mild winter and high storage levels should also keep natural gas prices steady CALGARY, AB, Jan. 9, 2024 /CNW/ - Continuing cuts in crude oil supply by OPEC+ countries coupled with record-high production in the United States and expectations of softening demand growth have combined to push global oil prices to their lowest levels in more than two years, according to the latest forecast from Deloitte Canada's Resource Evaluation and Advisory (REA) group. Global natural gas prices also remain [Read more]

Tidewater Midstream and Infrastructure Ltd. monetizes its AltaGas Ltd. common shareholdings

CALGARY, AB, Jan. 9, 2024 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) has sold approximately 12.47 million common shares (the "AltaGas Shares") of AltaGas Ltd. ("AltaGas") for proceeds of approximately $340 million. The AltaGas Shares were acquired as consideration for the previously announced sale of the Corporation's Pipestone natural gas plant, Pipestone expansion project and Dimsdale natural gas storage facility to AltaGas. ABOUT [Read more]

Paramount Resources Ltd. provides Duvernay development and fourth quarter updates

CALGARY, AB, Jan. 9, 2024 /CNW/ - Paramount Resources Ltd. (ʺParamountʺ or the ʺCompanyʺ) (TSX: POU) is pleased to provide an update on its recent Duvernay development activities and preliminary estimates of its fourth quarter sales volumes and 2023 annual capital expenditures. DUVERNAY DEVELOPMENT UPDATE Willesden Green Duvernay The Company successfully commissioned the liquids handling expansion of its Leafland natural gas processing plant at Willesden Green in December.  The [Read more]

AltaGas closes $400 million medium term note offering

CALGARY, AB, Jan. 8, 2024 /CNW/ - AltaGas Ltd. ("AltaGas") (TSX: ALA) today announced that it has closed its previously announced issuance of $400 million of senior unsecured medium term notes (the "Offering") with a coupon rate of 4.672 percent, maturing on January 8, 2029. The net proceeds resulting from the Offering will be used to pay down existing indebtedness under AltaGas' credit facilities, to fund working capital, and for general corporate purposes. A portion of the current [Read more]