BOE Report

Surge Energy Inc. confirms January 2023 dividend

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 16, 2023, in respect of December 2022 production, for the shareholders of record on December 31, 2022 will be $0.035 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined [Read more]

Keyera Increases Interest in Core Fort Saskatchewan Facilities, Announces Concurrent $200 Million Bought Deal Equity Offering

CALGARY, AB, Dec. 14, 2022 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera" or the "Corporation") today announced it has entered into a definitive agreement to acquire an additional 21% working interest in the Keyera Fort Saskatchewan ("KFS") complex from Plains Midstream Canada, bringing its total ownership in KFS to 98% (the "Acquisition"). Total cash consideration is $365 million. The Acquisition is expected to close in the first quarter of 2023, subject to customary closing conditions, including [Read more]

Kiwetinohk announces 2023 budget, provides three-year outlook, and plans normal course issuer bid

CALGARY, AB - Kiwetinohk Energy Corp. (TSX: KEC) today announced its 2023 budget and three-year outlook. The Company began preparing to launch a normal course issuer bid. Kiwetinohk's 2023 budget is focused on delivering multiple strategic initiatives: High rate of return oil and gas production with strong production per share growth. Increasing owned gas plant processing capacity to support higher production by the second half of 2023. Filling majority of 120 MMcf/d [Read more]

Chronos Resources Ltd. and Samoth Oilfield Inc. announce closing of transformative business combination to form Lycos Energy Inc.

CALGARY, AB - Lycos Energy Inc. ("Lycos") is pleased to announce the completion of the previously announced business combination (the "Business Combination") among Samoth Oilfield Inc. (predecessor to Lycos) ("Samoth") (TSXV: SCD), Chronos Resources Ltd. ("Chronos") and 2470638 Alberta Ltd. pursuant to the policies of the TSX Venture Exchange (the "TSXV") to form Lycos, an oil-focused, exploration, development and production company. The common shares of Lycos are expected to trade on the TSXV [Read more]

Keyera announces December 2022 dividend

CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") announced today a cash dividend for December 2022 of 16.00 cents per common share. The dividend will be payable on January 16, 2023, to shareholders of record on December 22, 2022. The ex-dividend date is December 21, 2022. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera's dividends are subject to Canadian withholding tax. About Keyera Corp. Keyera Corp. (TSX: KEY) [Read more]

Canada Energy Partners Inc. announces $23.5M private placement of units for acquisition in Texas

TORONTO - Canada Energy Partners Inc. (NEX: CE.H) (the "Corporation") today announced a private placement to secure up to $23.5M from the issuance of units. Each unit will consist of a common share at an issuance price of $0.10/share. In the event that the Corporation secures debt financing under customary commercial terms, the amount of the offering will be reduced. The Corporation also announces that it has been granted conditional approval by the TSX Venture Exchange ("Exchage") to [Read more]

Paramount Resources Ltd. announces $375 million asset sale, planned special dividend and production update

CALGARY, AB - Paramount Resources Ltd. (ʺParamountʺ or the ʺCompanyʺ) (TSX: POU) is pleased to announce that it has entered into an agreement with an affiliate of Crescent Point Energy Corp. for the sale of its Kaybob Smoky and Kaybob South Duvernay properties and certain other minor interests in the Kaybob Region (the ʺAssetsʺ) for cash consideration of $375 million prior to adjustments (the ʺDispositionʺ). Disposition The Assets include approximately 114 gross (101 net) sections of land, [Read more]

Canada Energy Regulator issues financial penalties to Trans Mountain for 2020 workplace fatality

CALGARY, AB - Today the Canada Energy Regulator (CER) released the full details of two separate Administrative Monetary Penalties (AMPs) issued to Trans Mountain Pipeline ULC (Trans Mountain) related to a 2020 worker fatality on the Trans Mountain Expansion Project (TMEP). The AMPs relate to Spread 1 of the TMEP.  On the day of the fatality, Trans Mountain failed to: take all reasonable care to ensure the safety and security of workers; and, implement a management system and related [Read more]

Tamarack Valley Energy announces 2023 corporate budget

CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) announces its 2023 capital and operating budget. The approved budget prioritizes the delivery of strong and sustainable free funds flow(1), while pursuing a culture focused on safety and operational excellence. "Our strategy of building a resilient asset portfolio coupled with a disciplined approach to profitable investment is delivering consistent year on year sustainable free funds flow(1) growth. In 2023, [Read more]

Pembina Pipeline Corporation declares December 2022 common share dividend

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors has declared a common share cash dividend for December 2022 of $0.2175 per share to be paid, subject to applicable law, on December 30, 2022, to shareholders of record on December 15, 2022. The common share dividends are designated "eligible dividends" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be [Read more]