BOE Report

Perpetual Energy Inc. reports first quarter 2023 financial and operating results and confirms 2023 guidance

CALGARY, AB – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to report its first quarter 2023 financial and operating results and confirm 2023 guidance. Select financial and operational information is outlined below, and should be read in conjunction with Perpetual's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2023, which are available through the Company's [Read more]

Surge Energy Inc. announces record production levels in Q1/23; financial & operating results for Q1/23; and an operations update on drilling results in Sparky and SE Saskatchewan core areas

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the Company's financial and operating results for the quarter ended March 31, 2023, and an update on Surge's latest drilling results. Q1 2023 FINANCIAL & OPERATING HIGHLIGHTS Q1/23 is the Company's first quarter that includes the full impact of the strategic acquisition of high quality, core area assets from Enerplus (the "Acquisition"), which closed in late Q4/22. In Q1/23 Surge delivered an [Read more]

Kiwetinohk announces annual general meeting results

CALGARY, AB - Kiwetinohk Energy Corp. (TSX: KEC) held its Annual Meeting of Shareholders on May 3, 2023. The total number of common shares represented by shareholders at the meeting and by proxy was 37,431,279, representing 84.58% of the Company's outstanding common shares. Nancy Lever retired from the board of directors of Kiwetinohk and so did not stand for re-election. Management and the board thanks Nancy for all of her hard work, contributions and guidance as a director of [Read more]

Tourmaline delivers record production, announces an increase to quarterly base dividend and declares a special dividend

CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the first quarter of 2023, announce an increase to its quarterly base dividend and declare a special dividend. HIGHLIGHTS First quarter cash flow(1)(2) of $1.13 billion ($3.28 per diluted share(3)). Generated quarterly free cash flow(4) ("FCF") of $525.4 million ($1.53 per diluted share) enabling the Company to declare a special dividend of $1.50 [Read more]

Vermilion Energy Inc. announces results for the three months ended March 31, 2023

CALGARY, AB - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2023. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2023 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on [Read more]

Paramount Resources Ltd. announces first quarter 2023 results

CALGARY, AB, May 3, 2023 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce first quarter 2023 financial and operating results highlighted by record production in the Grande Prairie Region, an active capital program that will drive second half 2023 production growth and continued strong free cash flow generation. HIGHLIGHTS First quarter sales volumes averaged 97,269 Boe/d (45% liquids), similar to the fourth quarter of 2022 even with the [Read more]

Enbridge declares quarterly dividends

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced that its Board of Directors has declared a quarterly dividend of $0.8875 per common share, payable on June 1, 2023 to shareholders of record on May 15, 2023.  The amount of the dividend is consistent with the March 1, 2023 dividend. The Board also declared the following quarterly dividends for Enbridge Inc. Preferred Shares. All dividends are payable on June 1, 2023 to shareholders of record on May 15, [Read more]

Kiwetinohk provides first quarter 2023 financial and operational results

Production averaged 23,996 boe/d, in line with guidance Adjusted funds flow from operations of $76.0 million Strong operating netback of $36.40/boe Reduced capital budget and lower forecasted production growth given weaker commodity price outlook Revised guidance reflects updated budget and outlook CALGARY, AB, May 2, 2023 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) today reported its 2023 first quarter financial and operational results. As companion documents to this news release, [Read more]

Enbridge provides notice of Series F preferred shares conversion right and announces reset dividend rates

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series F (Series F Shares) (TSX: ENB.PR.F) on June 1, 2023. As a result, subject to certain conditions, the holders of the Series F Shares have the right to convert all or part of their Series F Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series G of [Read more]