BOE Report

AltaGas advances global exports strategy through acquisition of remaining Petrogas stake

CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) is pleased to announce the purchase of 25.97% equity ownership of Petrogas Energy Corp. ("Petrogas") from Idemitsu Canada Corporation, a wholly owned subsidiary of Idemitsu Kosan Co., Ltd. ("Idemitsu"), for total cash considerations of C$285 million. The closing and effective date of the transaction is July 5, 2022, with AltaGas now owning 100% of Petrogas. The transaction was principally funded with recycled capital from [Read more]

Minister Wilkinson outlines process to create sustainable jobs in Atlantic Canada ahead of Energy and Mines Ministers’ Conference

ST. JOHN'S - Canada holds the resources, clean technology and experience to thrive in the global net-zero economy, creating prosperity and high-quality jobs for generations to come. Today, the Honourable Jonathan Wilkinson, Canada's Minister of Natural Resources, addressed members of the St. John's Board of Trade to highlight the energy and resource opportunities Atlantic Canada can seize to create sustainable jobs and thrive in a global low-carbon future. Minister Wilkinson spoke in [Read more]

Canada Energy Partners resumption to trade on July 8, raise additional funds, issues compensation warrants

VANCOUVER, BC - Canada Energy Partners Inc. (NEX: CE.H) (the "Company") announces a non-brokered private placement to raise gross proceeds of up to $400,000 through the issuance of units consisting of common shares and warrants. With the termination of both Letters of Intent in Gabon, West Africa, the Company will now focus on seeking oil and gas opportunities in Texas. The Company anticipates that its shares will resume trading on Friday, July 8, 2022 and the pricing of the units will be based [Read more]

Inter Pipeline successfully commissions Heartland polypropylene facility

CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline") today announced it has successfully commissioned its polypropylene (PP) plant and has begun initial production. Branded Heartland Polymers ("Heartland"), the operation is the only one of its kind in North America, offering the market one of only two new sources of PP in over a decade. Due to its unique location, modern design and technology and transport optionality, Heartland is expected to be one of the most sustainably produced, reliable [Read more]

MEG Energy announces changes to Board of Directors

CALGARY, AB - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") announces the appointment of Gary Bosgoed to its board of directors and the retirement of Grant Billing. "We wish to thank Grant for his dedication and significant contributions to MEG and the Board during his three years of service," said Ian D. Bruce, Chair of the Board of Directors. "We wish Grant and his family all the best following his retirement." Mr. Bruce added: "We are pleased to welcome Gary to MEG's Board [Read more]

Paramount Resources Ltd. announces July dividend

CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.10 per Common Share that will be payable on July 29, 2022 to shareholders of record on July 15, 2022. 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 explores for and develops [Read more]

Tenaz Energy Corp. announces addition of a cash alternative to previously announced all-share acquisition of SDX Energy PLC

CALGARY, AB - Tenaz Energy Corp. ("Tenaz", "we", "our", "us" or the "Company") (TSX: TNZ) is pleased to announce, concurrent with our disclosure in the UK market, the addition of a cash alternative (the "Cash Alternative") to the previously announced all-share acquisition (the "Transaction") of all of the issued and to be issued share capital of SDX Energy PLC ("SDX"). Under the terms of the Cash Alternative, SDX shareholders will retain the right to receive 0.075 common shares of Tenaz ("Tenaz [Read more]

Tidewater Renewables Ltd. announces meeting results

CALGARY, AB - Tidewater Renewables Ltd. ("Tidewater Renewables" or the "Corporation") (TSX: LCFS) is pleased to announce that at the annual general and special meeting held in Calgary, Alberta‎ on June 22, 2022 (the "Meeting") holders of common shares (i) re-elected Joel A. MacLeod, Brett M. Gellner, Margaret (Greta) Raymond, and John Adams to the Board of Directors; and (ii) appointed Deloitte LLP, as the Corporation's auditors. The detailed results of the vote for the election of [Read more]

Tidewater Renewables Ltd. enters into inaugural multi-year sale agreement for its clean fuel regulation credits with an investment grade counterparty

CALGARY, AB - Tidewater Renewables Ltd. ("Tidewater Renewables" or the "Corporation") (TSX: LCFS) is pleased to announce a multi-year agreement today with an investment-grade company to sell Federal Clean Fuel Regulation ("CFR") credits that it will receive through the production and sale of fuel produced at the Renewable Diesel & Renewable Hydrogen Complex at Prince George, BC (the "Complex"), adding previously unrecognized value and an incremental revenue stream to the Corporation. As [Read more]

Whitecap Resources Inc. acquires XTO Energy Canada in an all-cash transaction and increases dividend by 22%

CALGARY, AB, June 28, 2022 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce it has entered into a purchase and sale agreement to acquire XTO Energy Canada for total cash consideration of approximately $1.9 billion and the assumption of estimated positive working capital on closing for a net purchase price of $1.7 billion (the "Acquisition"). The Acquisition is expected to close before the end of the third quarter, subject to customary closing [Read more]