BOE Report

Enbridge announces CDN$4.0 billion bought-deal offering of common shares

CALGARY, AB, Sept. 5, 2023 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") today announced that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Morgan Stanley, and including BMO Capital Markets, CIBC Capital Markets, National Bank Financial Markets, Scotiabank, and TD Securities (the "Underwriters") under which the Underwriters have agreed to purchase, on a bought deal basis, 89,490,000 common shares of the Company [Read more]

Enbridge announces strategic acquisition of three U.S. based utilities to create largest natural gas utility franchise in North America

HIGHLIGHTS: Enbridge has entered into definitive agreements with Dominion Energy, Inc. to acquire The East Ohio Gas Company ("EOG"), Questar Gas Company ("Questar Gas"), and its related Wexpro companies ("Wexpro" and collectively with Questar Gas, "Questar"), and Public Service Company of North Carolina, Incorporated ("PSNC") (collectively the "Gas utilities") for an aggregate purchase price of US$14.0 billion (CDN$19 billion1), comprised of US$9.4 billion of cash consideration and US$4.6 [Read more]

InPlay Oil Corp. confirms monthly dividend for September 2023

CALGARY, AB, Aug. 25, 2023 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.015 per common share payable on September 29, 2023, to shareholders of record at the close of business on September 15, 2023.  The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil [Read more]

Tourmaline declares quarterly dividend

CALGARY, AB, Aug. 31, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.26 per common share. The dividend will be payable on September 29, 2023 to shareholders of record at the close of business on September 15, 2023. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader [Read more]

Lycos Energy Inc. announces closing of previously announced Wyatt Resources Ltd. acquisition

CALGARY, AB, Sep. 1, 2023 /CNW/ - Lycos Energy Inc. ("Lycos" or the "Company") (TSXV: LCX) is pleased to announce that it has successfully closed the previously announced acquisition (the "Acquisition") of Wyatt Resources Ltd. ("Wyatt"), a privately held, heavy oil producer. Lycos acquired all of the issued and outstanding common shares of Wyatt for total consideration of $8.8 million, consisting of $6.5 million in cash and $2.3 million of equity. The Acquisition includes current production of [Read more]

Paramount Resources Ltd. announces September dividend

CALGARY, AB, Sept. 1, 2023 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on September 29, 2023 to shareholders of record on September 15, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. About Paramount Paramount is an independent, publicly traded, liquids-rich natural gas focused [Read more]

Whitecap Resources increases dividend by 26% and signs CO2 contract extension

CALGARY, AB, Aug. 31, 2023 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce a 26% increase to our monthly dividend as we expect to reach our $1.3 billion net debt1 milestone on or before September 30, 2023. We are also pleased to advise that we have signed a CO2 supply contract extension for volumes delivered to the Weyburn Unit CO2 enhanced oil recovery project ("Weyburn Project") and have released our 2023 Environmental, Social and Governance [Read more]

CAPP Analysis: Emissions from conventional oil and natural gas sector fell 24 percent in the last decade

CALGARY, AB, Aug. 31, 2023 /CNW/ - From 2012 to 2021, conventional natural gas and oil producers lowered their absolute scope 1 carbon dioxide equivalent (CO2e) emissions by 24 percent while growing total production by 21 percent. Analysis completed by the Canadian Association of Petroleum Producers of the most recently available Government of Canada production and emissions data shows Canada has the ability to grow its production and role as a secure provider of responsibly produced energy [Read more]

AltaGas enters agreement to acquire Pipestone natural gas processing plants and natural gas storage facility

Transaction Strengthens AltaGas' Midstream Value Chain in the Alberta Montney; De-risks Midstream Commercial Profile; Financially and Leverage Accretive CALGARY, AB, Aug. 31, 2023 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) has entered into a definitive agreement with Tidewater Midstream and Infrastructure Ltd. ("Tidewater") to acquire: 1) the Pipestone Natural Gas Processing Plant Phase I and Phase II expansion project (individually, "Pipestone Phase I" and "Pipestone [Read more]

Source Rock Royalties announces record quarterly & monthly royalty production

CALGARY, AB, Aug. 30, 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 results for the three and six months ended June 30, 2023. Second Quarter Highlights: Record quarterly royalty production of 2061 boe/d (92% oil and NGLs), an increase of 23% compared to Q2 2022 and 14% higher than Q1 2023. Record monthly royalty production of [Read more]