BOE Report

Deloitte Canada forecasts lower natural gas prices to continue this year

CALGARY, AB - North American natural gas prices, which dropped significantly during the first quarter of this year, are expected to remain lower through most of 2023, according to the latest forecast from Deloitte Canada's Resource Evaluation and Advisory (REA) group, "Energy M&A spotlight: Buy with strategy, sell with purpose." High storage levels and increased production in both Canada and the United States have created an imbalance between supply and demand that is putting downward [Read more]

Canada Energy Partners announces private placement of convertible debentures

VANCOUVER, BC, April 4, 2023 /CNW/ - Canada Energy Partners Inc. (NEX: CE.H) (the "Corporation"). The Corporation announces a private placement of convertible debentures to secure up to $150,000. The convertible debentures will be non-interest bearing, will have a maturity date of 12 months and the principal amount may at the option of a holder be converted into units consisting of a common share at an issuance price of $0.05 and a share purchase warrant entitling the holder thereof to acquire [Read more]

Canadian Association of Petroleum Producers opens the market

TORONTO - Lisa Baiton, President and Chief Executive Officer, Canadian Association of Petroleum Producers (CAPP), Craig Bryksa, Chair, CAPP, Jeff Tonken, Vice Chair, CAPP, and other CAPP Members along with Brad Wells, Head of Energy, BMO Capital Markets and his team joined David Chelich, Sector Head, Business Development, Toronto Stock Exchange (TSX), to open the market and celebrate the inaugural BMO Capital Markets CAPP Energy Symposium.   The annual conference provides a key forum [Read more]

InPlay Oil Corp. confirms monthly dividend for April 2023

CALGARY, AB - 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 April 28, 2023, to shareholders of record at the close of business on April 17, 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 Corp. InPlay is a junior oil and gas [Read more]

Vermilion Energy Inc. confirms first quarter 2023 release date and filing of the management information circular in connection with the annual general meeting of shareholders

CALGARY, AB, April 3, 2023 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) will release its 2023 first quarter operating and condensed financial results on Wednesday, May 3, 2023 after the close of North American markets. 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 [Read more]

Ovintiv to acquire core Midland Basin assets in over $4 billion deal

Highlights: Acquiring approximately 65,000 net acres of largely undeveloped resource in Martin and Andrews Counties, highly complementary with Ovintiv's existing Permian Basin position Valued at approximately 2.8 times next twelve months ("NTM") Adjusted EBITDA with a 19% NTM Non-GAAP Free Cash Flow Yield at current commodity strip pricing Adds approximately 1,050 net well locations, including approximately 800 premium(1) return well locations and approximately 250 high potential [Read more]

Journey Energy Inc. provides 2023 guidance; extends AIMco term debt payment from October 2023 to April 2024

CALGARY, AB, April 3, 2023 /CNW/ - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is providing preliminary guidance for 2023, following the closing of its flow through share issuance on March 23, 2023. This update is accompanied by an updated Corporate Presentation posted on the Company's website at www.journeyenergy.ca. On July 28, 2022 Journey announced its intention to enter into a significant transformative acquisition (the "Acquisition"). This acquisition [Read more]

Paramount Resources Ltd. announces April dividend

CALGARY, AB, April 3, 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 April 28, 2023 to shareholders of record on April 14, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. About Paramount Paramount is an independent, publicly traded, liquids-focused Canadian energy company that [Read more]

Canada Energy Partners confirms no pending news filing of interim financial statements

VANCOUVER, BC - Canada Energy Partners Inc. (NEX: CE.H) (the "Corporation") confirms that it has no pending news to announce. The Corporation also announces that it has filed its financial statements for the 9 month interim financial period ended January 31, 2023, associated MD&A and officer's certificates on SEDAR. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the [Read more]

Vermilion Energy Inc. confirms closing of Southeast Saskatchewan asset sale

CALGARY, AB, March 29, 2023 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to confirm the closing of the previously announced sale of non-core assets in southeast Saskatchewan for gross proceeds of $225 million, prior to closing adjustments. The assets are comprised of approximately 5,500 boe/d of non-core light oil production spread across the greater Arcola and Queensdale areas of southeast Saskatchewan. The divestment was part of our strategy to re-position [Read more]