BOE Report

Enbridge appoints Pamela L. Carter as Chair of the Board, effective January 1, 2023

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced Pamela L. Carter as Chair of the Board effective January 1, 2023, coincident with the appointment of current Board Chair, Greg Ebel, as President & CEO on the same date.  Mr. Ebel succeeds retiring President and CEO, Al Monaco. Ms. Carter has served as a director of the Enbridge Board since 2017 and with a predecessor company since 2007. Most recently she has served as Chair of the Human [Read more]

Source Rock Royalties announces third quarter 2022 financial results

CALGARY, AB  - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties in Saskatchewan and Alberta, announces financial results for the three and nine months ended September 30, 2022. Third Quarter Highlights: Quarterly royalty revenue of $1,554,910, an increase of 34% compared to Q3 2021. Quarterly Adjusted EBITDA1 of $1,219,346 ($0.027 per share), an increase of 21% [Read more]

Tidewater Midstream and Tidewater Renewables Announce CEO Transition; Name Robert Colcleugh as Interim CEO

CALGARY, AB, Nov. 28, 2022 /CNW/ - The Boards of Directors of Tidewater Midstream and Infrastructure Ltd. ("Tidewater Midstream") (TSX: TWM) and Tidewater Renewables Ltd. ("Tidewater Renewables") (TSX: LCFS) announced today that they have appointed Robert Colcleugh as interim Chief Executive Officer of both companies, effective November 28, 2022. Mr. Colcleugh, who currently serves as a Director of Tidewater Midstream, succeeds Joel MacLeod, who is stepping down from his management and board [Read more]

MEG Energy announces 2023 Capital Investment Plan and Operational Guidance

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen sales unless otherwise noted CALGARY, AB, Nov. 28, 2022 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") today announced its 2023 capital investment plan and operational guidance. Highlights include: Annual production guidance of 100,000 to 105,000 bbls/d including a planned Q2 turnaround which will impact full year production by approximately 6,000 [Read more]

Clearview Resources Ltd. Reports Third Quarter Results Of 2022

CALGARY, AB, Nov. 28, 2022 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its financial and operational results for the three and nine months ended September 30, 2022. "Clearview's expectation of being free of bank debt by the end of the year remains intact.  With bank debt eliminated, we expect to allocate 2023 adjusted funds flow between returns to shareholders and capital spending to grow the Company's asset base," commented Rod Hume, Clearview's [Read more]

Highwood Asset Management Ltd. Announces 2022 Third Quarter Results Along With Operational Update

CALGARY, AB, Nov. 28, 2022 /CNW/ - Highwood Asset Management Ltd., ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce financial and operating results for the three and nine months ended September 30, 2022. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis ("MD&A") for the period ended September 30, 2022, can be found at www.sedar.com and www.highwoodmgmt.com. Highlights Within the upstream oil & [Read more]

Source Rock Royalties closes S.E. Saskatchewan light oil royalty acquisition with drill commitment

CALGARY, AB - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties in Saskatchewan and Alberta, announces that it has closed the acquisition of a 2% gross overriding royalty (the "GORR") in approximately 6,400 net acres (10 sections) of land in S.E. Saskatchewan (the "GORR Lands"). The purchase price was $3.5 million and the transaction has an effective date of October 1, [Read more]

Surge Energy Inc. announces closing of over-allotment option

CALGARY, AB - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce it has closed an over-allotment option (the "Over-Allotment Option") that was fully exercised by a syndicate of Underwriters to the Offering (as defined herein) led by National Bank Financial Inc. and Peters & Co. Limited (together with the syndicate members the "Underwriters"), to purchase an additional 1,135,200 common shares of the Company ("Shares") at a price of $9.25 per Share for gross [Read more]

Bonterra announces new $110 million first lien credit facility; $95 million term debt financing; repayment of $47 million BDC term facility; and provides strategic outlook

CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce the completion of the restructuring of the Company's debt capitalization through the closing of two new credit facilities (the "New Credit Facilities"). The New Credit Facilities are comprised of (i) a $110 million first lien secured credit facility (the "First Lien Facility"); and (ii) a $95 million second lien secured term debt facility (the "Term Debt Facility"). [Read more]

West Lake Energy releases inaugural ESG Report

CALGARY, AB - WEST LAKE ENERGY CORP. ("West Lake" or the "Corporation") is pleased to announce the release of its inaugural 2021 environmental, social and governance report (the "2021 ESG Report"), which affirms our commitment to responsible, transparent and ethical development. This inaugural report reflects progress made in West Lake's environmental, social and governance ("ESG") journey, helping Canada meet its goal of achieving net-zero emissions by 2050. "We are proud to report on our [Read more]