BOE Report

Tidewater Midstream and Infrastructure Ltd. announces the closing of its Pipestone and Dimsdale asset sale to AltaGas Ltd. and provides corporate update

(TSX: TWM) CALGARY, AB, Dec. 22, 2023 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce the closing of the previously announced sale of its Pipestone natural gas plant, Pipestone expansion project and Dimsdale natural gas storage facility to AltaGas Ltd. ("AltaGas") (collectively the "Transaction"). As consideration for the Transaction, Tidewater received cash proceeds of $325 million and approximately 12.47 million [Read more]

Journey Energy provides update on 2023 capital program; provides 2024 preliminary guidance including staggered payment of term debt

CALGARY, AB, Dec. 21, 2023 /CNW/ - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to provide an update on a highly successful 2023 capital program. The program results exceeded expectations and have resulted in Journey exceeding its last guidance. Journey is also pleased to provide preliminary guidance for 2024 with a focus on eliminating over 80% of remaining indebtedness, advancing its power business, and improving long term sustainability. 2023 [Read more]

Crescent Point completes strategic Alberta Montney consolidation and provides improved 2024 and five-year outlook

CALGARY, AB, Dec. 21, 2023 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has successfully completed its previously announced strategic acquisition of Hammerhead Energy Inc. ("Hammerhead"), an oil and liquids-rich Alberta Montney producer (the "Transaction"). The Company is also pleased to provide its formal 2024 guidance and five-year plan, which are significantly enhanced as a result of the Transaction. "Our [Read more]

Tenaz Energy Corp. announces 2024 budget and guidance

CALGARY, AB, December 21, 2023 /CNW/ - Tenaz Energy Corp. ("Tenaz", "Our", "We", or the "Company") (TSX: TNZ) is pleased to announce its 2024 budget and guidance. Our Board of Directors has approved a drilling and development capital ("D&D CAPEX") budget of $23 to $25 million for 2024. We also intend to invest $3 million in exploration and evaluation capital ("E&E CAPEX") to evaluate a potential CCS project in the Dutch North Sea. Production guidance for 2024 is 2,700 to 2,900 [Read more]

Hammerhead Energy Inc. announces shareholder and court approval for the plan of arrangement

CALGARY, AB, Dec. 20, 2023 /CNW/ - Hammerhead Energy Inc. ("Hammerhead" or the "Corporation") (TSX: HHRS) (NASDAQ: HHRS) is pleased to announce that today at its special meeting (the "Meeting") of the holders (the "Shareholders") of Class A common shares of Hammerhead (the "Common Shares"), the Shareholders passed a special resolution (the "Arrangement Resolution") approving a plan of arrangement under Section 193 of the Business Corporations Act (Alberta), pursuant to which Crescent Point [Read more]

Canada Energy Regulator issues reasons for decision for denying Trans Mountain’s pipe size variance application

CALGARY, AB, Dec. 20, 2023 /CNW/ - The Commission of the Canada Energy Regulator has determined that Trans Mountain did not adequately address concerns about pipeline integrity and related environmental protection impacts in its pipe size variance application. These concerns outweighed the benefits for earlier completion of the Trans Mountain Expansion Project (TMEP). The 2.3-kilometre section located beside the Fraser River, between Hope and the Burnaby Tank Terminal, was [Read more]

Canada Growth Fund announces strategic investment in Entropy Inc. and carbon credit offtake commitment

Currency: CAD unless otherwise stated CALGARY, AB, Dec. 20, 2023 /CNW/ - Today, Canada Growth Fund Inc. ("CGF") and Advantage Energy Ltd. (TSX: AAV) ("Advantage") announced that CGF has entered into a strategic investment agreement with Entropy Inc. ("Entropy" or the "Company"), a Calgary-based developer of technologically-advanced carbon capture and sequestration ("CCS") projects with the potential to significantly reduce emissions in Canada and worldwide. CGF has agreed to a $200 [Read more]

Kiwetinohk renews Normal Course Issuer Bid

CALGARY, AB, Dec. 19, 2023 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) ("Kiwetinohk" or the "Company") is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Company's notice to renew its normal course issuer bid (NCIB) for its common shares. The NCIB is anticipated to commence on December 22, 2023 and to expire December 21, 2024. Kiwetinohk may purchase up to 2,183,477 common shares under the NCIB, representing 5% of the 43,669,544 issued and outstanding [Read more]

Tamarack Valley Energy closes previously announced Clearwater Infrastructure Partnership transaction and announces declaration of monthly dividend

CALGARY, AB, Dec. 15, 2023 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that it has successfully closed the previously announced Clearwater Infrastructure Limited Partnership (the "CIP") transaction, as outlined in the Company's December 13, 2023 press release. The Board of Directors has also 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 [Read more]

Surge Energy Inc. confirms January 2024 dividend

CALGARY, AB, Dec. 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 15, 2024, in respect of December 2023 production, for the shareholders of record on December 31, 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]