BOE Report

Commission of the CER recommends approval for the NEBC Connector Project with 49 conditions

Conditions reflect careful consideration of cumulative effects in the project area and impacts on Indigenous and Treaty rights CALGARY, AB, Oct. 18, 2023 /CNW/ -Today, the Commission of the Canada Energy Regulator (CER) recommended approval of NorthRiver Midstream's NEBC Connector Project. The project involves constructing and operating two parallel, 215-kilometre (km) natural gas liquids pipelines from B.C. to Alberta. The Commission recognized the unique context of this project meant things [Read more]

Tuktu Resources Ltd. announces the execution of a definitive agreement to acquire low decline, 100% oil weighted production in Southern Alberta and related financing arrangements

CALGARY, AB, Oct. 18, 2023 /CNW/ - Tuktu Resources Ltd. ("Tuktu" or the "Company") (TSXV: TUK) is pleased to announce that on October 17, 2023 it entered into a purchase and sale agreement (the "PSA") with an arm's length company (the "Vendor") to purchase certain oil assets located in southern Alberta (the "Assets") from the Vendor (the "Acquisition"). In connection with the Acquisition, the Company entered into an engagement agreement with Research Capital Corporation, as the sole agent and [Read more]

MEG Energy announces the Passing of Board Chair Ian D. Bruce

CALGARY, AB, Oct. 17, 2023 /CNW/ - MEG Energy Corp. (TSX:MEG) ("MEG" or the "Corporation") sadly announces that Mr. Ian D. Bruce, Board Chair, passed away unexpectedly on Sunday, October 15, 2023. Mr. Bruce was elected to the MEG Board in 2019 and served as Board Chair since 2020. Mr. Derek Evans, Chief Executive Officer, commented, "It is with great sadness that we announce the passing of Mr. Bruce. Ian was passionate about our industry and brought a wealth of experience and wisdom to MEG. [Read more]

Perpetual Energy Inc. announces asset disposition and updated 2023 guidance

CALGARY, AB, Oct. 18, 2023 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce that it has entered into a Definitive Agreement (the "Agreement") with Canadian private operator Pointbreak Resources Inc. to sell certain assets at Mannville in Eastern Alberta for gross proceeds of $35.8 million in cash, prior to customary purchase price adjustments (the "Mannville Transaction"). The Mannville Transaction is expected to close on or about November 22, [Read more]

Tamarack Valley Energy announces declaration of monthly dividend

CALGARY, AB, Oct. 17, 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 November 15, 2023, to shareholders of record at the close of business on October 31, 2023. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax [Read more]

Source Rock Royalties increases monthly dividend by 9%

CALGARY, AB, Oct. 16, 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, which represents a 9% increase to its previous monthly dividend. The increased monthly dividend will be payable in cash on November 15, 2023 to shareholders of record on October 31, [Read more]

Tourmaline continues Deep Basin consolidation strategy with the acquisition of Bonavista Energy Corporation, increases base dividend and declares special dividend

CALGARY, AB, Oct. 16, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has entered into a definitive share purchase agreement with all of the shareholders of Bonavista Energy Corporation ("Bonavista") to acquire all of the shares of Bonavista for $1.45 billion, consisting of $725 million in Tourmaline common shares and $725 million of cash, less Bonavista's net debt(1)(2) at closing (the "Acquisition").  The Acquisition is expected to [Read more]

Surge Energy Inc. confirms November 2023 dividend

CALGARY, AB, Oct. 16, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 15, 2023, in respect of October 2023 production, for the shareholders of record on October 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]

Commission of the CER schedules hearing to examine the Trans Mountain Expansion Project tolls

Robust process to address cost increases and tolling impacts CALGARY, AB, Oct. 12, 2023 /CNW/ - The Commission of the Canada Energy Regulator (CER) is reviewing the interim tolling application from Trans Mountain. Interim tolling allows a company to charge shippers to use a pipeline until a final tolling decision is made. The Commission outlined a process to handle the interim tolling application to ensure fairness and efficiency. The first step is a preliminary decision, expected in the [Read more]

Gibson Energy confirms 2023 third quarter earnings release and provides conference call & webcast details

CALGARY, AB, Oct. 11, 2023 /CNW/ - Gibson Energy Inc. announced today that it expects to release its 2023 third quarter and operating results on Monday, October 30, 2023 after the close of North American markets. The 2023 third quarter management's discussion and analysis and unaudited consolidated financial statements will be available on the Company's website at www.gibsonenergy.com and on SEDAR at www.sedar.com. Earnings Conference Call & Webcast Details A conference call and webcast [Read more]