BOE Report

Kiwetinohk announces normal course issuer bid and automatic share purchase plan

CALGARY, AB - Kiwetinohk Energy Corp. (TSX: KEC) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Company's application for an automatic share purchase plan (ASPP) and normal course issuer bid (NCIB). The ASPP is intended to allow for the purchase of Kiwetinohk's common shares under the NCIB at times when Kiwetinohk would ordinarily not be permitted to purchase common shares due to regulatory restrictions and customary self-imposed blackout periods. The NCIB is [Read more]

Surge Energy Inc. Announces Closing Of The Previously Announced Strategic Core Area Acquisition; Reiterates Anticipated 14% Increase To Dividend; Confirms 2023 Capital And Operating Budget Guidance And Provides Update On Return Of Capital Framework

CALGARY, AB, Dec. 19, 2022 /CNW/ - Surge Energy Inc. ("Surge", or the "Company") (TSX: SGY) is pleased to announce today that it has closed the previously announced acquisition (the "Acquisition") of long life, low decline, crude oil assets in Surge's Sparky and SE Saskatchewan core areas (the "Assets"), for a net purchase price of $202 million ("the Purchase Price"). The Assets are currently producing more than 3,850 boepd (99 percent liquids) of predominantly light and medium gravity [Read more]

Advantage announces preliminary results of substantial issuer bid

CALGARY, AB - Advantage Energy Ltd. ("Advantage" or the "Corporation") announces the preliminary results of its substantial issuer bid (the "Offer"), pursuant to which the Corporation offered to purchase for cancellation up to $100,000,000 of its common shares (the "Shares") and which expired at 5:00 p.m. (Eastern Standard Time) on December 16, 2022 (the "Expiration Date").  The Offer proceeded by way of a modified Dutch auction whereby holders of Shares ("Shareholders") could choose to either [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 January 16, 2022, to shareholders of record at the close of business on December 30, 2022. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. About [Read more]

Whitecap Resources Inc. confirms monthly divided for December $0.0367 per share

CALGARY, AB - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0367 per common share in respect of December operations will be paid on January 16, 2023 to shareholders of record on December 31, 2022.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. Our business is focused on profitable [Read more]

Bonterra Energy Corp. Announces Fully-Funded 2023 Annual Capital Program

CALGARY, AB, Dec. 15, 2022 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") announced today that the Company's Board of Directors has approved a fully-funded 2023 capital expenditures budget ranging between $120 to $125 million, which is expected to grow production volumes through the year to exit 2023 between 14,100 and 14,400 BOE per day3 with annual average production between 13,500 and 13,700 BOE per day1. This budget incorporates measured [Read more]

Arc Resources Ltd. confirms quarterly quarterly dividend of $0.15 per share for January 16, 2023

CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly eligible dividend amount of $0.15 per share for January 16, 2023 to shareholders of record on December 30, 2022. At December 15, 2022, the trailing 12-month payments to shareholders total $0.44 per share. About ARC ARC Resources Ltd. is the largest pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations and leading ESG performance. ARC's investment-grade [Read more]

TransAlta announces outlook for 2023 and update on corporate strategy

CALGARY, AB - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today its financial outlook for 2023. Highlights Adjusted EBITDA(1) range of $1.20 billion to $1.32 billion Free Cash Flow(1)(2) range of $560 million to $660 million or FCF per share range of $2.07 to $2.44 Sustaining capital(3) range of $140 million to $170 million Continued delivery of TransAlta's Clean Electricity Growth Plan by reaching final investment decision on 500 MW of [Read more]

Greenfire Resources Inc. and M3-Brigade Acquisition III Corp. announce US$950 million business combination

CALGARY, AB, and NEW YORK - Greenfire Resources Inc. ("Greenfire"), a Calgary-based energy company focused on the sustainable production and development of thermal energy resources from the Athabasca region of Alberta, Canada, and M3-Brigade Acquisition III Corp. (NYSE: MBSC), a New York Stock Exchange listed special purpose acquisition company ("MBSC"), announced today that they have entered into a definitive agreement for a business combination (the "Business Combination") that values [Read more]

TransAlta Renewables announces outlook for 2023

CALGARY, AB - Highlights Adjusted EBITDA(1) range of $495 million to $535 million Free Cash Flow(1) range of $340 million to $380 million CAFD(1) range of $230 million to $270 million TransAlta Renewables Inc. ("TransAlta Renewables" or the "Company") (TSX: RNW) announced today its 2023 financial outlook and an update on its long-term growth objectives. "Our 2023 outlook highlights resilient cash flow expectations with a payout ratio of approximately 100 per cent. We are [Read more]