BOE Report

Logan Energy Corp. announces third quarter 2023 results, operations update and 2024 guidance

CALGARY, AB, Nov. 22, 2023 /CNW/ - Logan Energy Corp. ("Logan" or the "Company") is pleased to report its unaudited financial and operating results for the third quarter of 2023, and to provide an operations update, increased guidance for the second half of 2023 and preliminary guidance for 2024. Selected financial and operational information is set out below and should be read in conjunction with the Company's unaudited interim financial statements and related management's [Read more]

Perpetual Energy Inc. closes announced asset disposition

CALGARY, AB, Nov. 22, 2023 /CNW/ - Perpetual Energy Inc. ("Perpetual", or the "Company") (TSX: PMT) is pleased to announce that it has closed its previously announced asset disposition of certain assets at Mannville in Eastern Alberta to Canadian private operator Pointbreak Resources for gross proceeds of $35.8 million in cash, prior to customary purchase price adjustments (the "Mannville Transaction") with a September 1, 2023 effective date. The properties included in the Mannville Transaction [Read more]

Highwood Asset Management Ltd. provides operational update, including its inaugural MLOH well result, and reiterates guidance for 2024 highlighted by 25% organic growth and material debt reduction

CALGARY, AB, Nov. 22, 2023 /CNW/ - Highwood Asset Management Ltd., ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce an operational update, including its inaugural multi-lateral open hole ("MLOH") well result, and to reiterate its 2024 guidance. Highwood anticipates allocating its organic free cash flow after sustaining capital on a 50:50 basis to support organic production growth of approximately 25% while also expecting to reduce Net Debt by approximately 25%, achieving Net Debt [Read more]

AltaGas announces intention to redeem all outstanding Series E Preferred Shares

CALGARY, AB, Nov. 21, 2023 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA.PR.E) announces its intention to redeem – in accordance with the terms of the Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series E (the "Series E Shares") as set out in the Company's articles – all of its 8,000,000 issued and outstanding Series E Shares on December 31, 2023 (the "Redemption Date") for a redemption price equal to $25.00 per Series E Share, together with all accrued and unpaid [Read more]

Tourmaline announces closing of Bonavista acquisition

CALGARY, AB, Nov. 17, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce the completion of its previously announced acquisition of Bonavista Energy Corporation for $1.45 billion, consisting of $725 million in Tourmaline common shares and $725 million of cash, less Bonavista's net debt(1). The Company expects exit 2023 production of over 600,000 boepd, including the acquired Bonavista volumes.   [Read more]

Enbridge announces conversion results for Series N Preferred Shares

CALGARY, AB, Nov. 16, 2023 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series N (Series N Shares) will be converted into Cumulative Redeemable Preference Shares, Series O (Series O Shares) on December 1, 2023. After taking into account all conversion notices received from holders of its outstanding Series N Shares by the November 16, 2023 deadline for the conversion of the Series N Shares into [Read more]

CanAsia Energy Corp. – 2023 third quarter financial & operating results

CALGARY, AB, Nov. 16, 2023 /CNW/ - CanAsia Energy Corp. ("CanAsia" or the "Company") (TSXV: CEC) reports 2023 third quarter consolidated financial and operating results. The Company is today filing its unaudited consolidated financial statements as at and for the nine months ended September 30, 2023 and related management's discussion and analysis with Canadian securities regulatory authorities. Copies of these documents may be obtained online at www.sedar.com or the Company's website, [Read more]

Tamarack Valley Energy announces declaration of monthly dividend

CALGARY, AB, Nov. 15, 2023 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that the Board of Directors has declared a monthly cash dividend on its common shares of C$0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on December 15, 2023, to shareholders of record at the close of business on November 30, 2023. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax [Read more]

Source Rock Royalties declares monthly dividend

/Not for distribution to U.S. news wire services or dissemination in the U.S./ CALGARY, AB, Nov. 15, 2023 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties, announces that its board of directors has declared a monthly dividend of $0.006 per common share, payable in cash on December 15, 2023 to shareholders of record on November 30, 2023. This dividend is [Read more]

Surge Energy Inc. confirms December 2023 dividend

CALGARY, AB, Nov. 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on December 15, 2023, in respect of November 2023 production, for the shareholders of record on November 30, 2023, 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]