BOE Report

Enerplus announces 2022 year end reserves results

CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today reported year-end 2022 reserves under U.S. Standards and Canadian NI 51-101 Standards. YEAR END 2022 RESERVES SUMMARY U.S. Standards - after deduction of royalties ("net"), constant prices, U.S. dollars: Net total proved reserves were 322.3 MMBOE, a decrease of 5% year-over-year, with the reduction driven by the sale of substantially all of the Company's Canadian assets in 2022. Excluding [Read more]

Enerplus announces quarterly cash dividend for March 2023

CALGARY, AB - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) today announced that a quarterly cash dividend in the amount of US$0.055 per share will be payable on March 15, 2023, to all shareholders of record at the close of business on March 6, 2023. The ex-dividend date for this payment is March 3, 2023. The US$0.055 per share dividend is equivalent to approximately CDN$0.074 per share if converted using the current US/Canadian dollar exchange rate of 1.35. The CDN dollar [Read more]

Highwood Asset Management Ltd. appoints Joel MacLeod as Executive Chairman

CALGARY, AB - Highwood Asset Management Ltd., ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce that Joel MacLeod has been named Executive Chairman by the Highwood Board of Directors.  Mr. MacLeod is the largest shareholder of Highwood, controlling approximately 67% of currently outstanding shares of the Company.  Mr. MacLeod's appointment is intended to support Highwood's growth strategy, focused on taking advantage of the distressed valuations of conventional energy assets [Read more]

Hammerhead Resources completes business combination with Decarbonization Plus Acquisition Corporation IV to form Hammerhead Energy

CALGARY, AB - Hammerhead Resources Inc. ("Hammerhead Resources"), a Canadian oil and gas producer, today announced the completion of its previously announced business combination with Decarbonization Plus Acquisition Corporation IV ("DCRD") (NASDAQ: DCRD). The combined company is named Hammerhead Energy Inc. ("Hammerhead"). Hammerhead expects to file a final non-offering prospectus with the Alberta Securities Commission on February 24, 2023 to become a reporting issuer under the Securities Act [Read more]

Journey Energy Inc. achieves record 2022 year-end reserve levels and increases year over year PDP value per share by 138%

CALGARY, AB - Journey Energy Inc. (TSX: JOY) ("Journey" or the "Company") is pleased to report its year-end 2022 oil and gas reserves evaluation. These results highlight another excellent year of value creation and prudent capital allocation.  2022 Reserve Report Highlights: Proved developed producing ("PDP") reserves increased 66% to 39.8 MMboe, with a corresponding increase of 169% in NPV@10% to $485 million from $180.1 million in 2021. The PDP reserve life index increased to 8.3 [Read more]

TransAlta reports fourth quarter and full year 2022 results and commits to net-zero by 2045

Fourth Quarter 2022 Financial Highlights Adjusted EBITDA(1),(2) of $541 million, an increase of 123% over the same period in 2021 Free Cash Flow ("FCF")(1) of $315 million, or $1.17 per share, an increase of 303% on a per-share basis from the same period in 2021 Earnings before income taxes of $7 million, an improvement of $39 million from the same period in 2021 Cash flow from operating activities of $351 million, an increase of 550% from the same period in 2021 Full Year [Read more]

TransAlta renewables reports fourth quarter and full year 2022 results

CALGARY, AB, Fourth Quarter 2022 Financial Highlights Adjusted EBITDA(1),(2) of $134 million Free cash flow ("FCF")(1),(3) of $94 million Cash available for distribution ("CAFD")(1) of $58 million or $0.22 per share Earnings before income taxes of $50 million Cash flow from operating activities of $89 million Full-Year 2022 Financial Highlights Adjusted EBITDA(1),(2) of $487 million, an increase of 5% from 2021 Free cash flow ("FCF")(1),(3) of $347 million [Read more]

Whitecap Resources Inc. announces record 2022 per share results and strong year end reserves growth

CALGARY, AB, Feb. 22, 2023 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the quarter and year ended December 31, 2022, and its 2022 year end reserves evaluation. Selected financial and operating information is outlined below and should be read with Whitecap's audited annual consolidated financial statements and related management's discussion and analysis for the three and twelve months ended [Read more]

Gibson Energy Announces 5% Dividend Increase and Declares Dividend

All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB, Feb. 21, 2023 /CNW/ - Gibson Energy Inc. announced today that its Board of Directors has approved a quarterly dividend of $0.39 per common share, an increase of $0.02 per common share, which will be payable on April 17, 2023, to shareholders of record at the close of business on March 31, 2023.  This dividend is designated as an eligible dividend for Canadian income tax purposes.  For non-resident shareholders, [Read more]

Tamarack Valley Energy announces declaration of monthly dividend

CALGARY, AB - 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 March 15, 2023, to shareholders of record at the close of business on February 28, 2023. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.   [Read more]