BOE Report

Alberta Energy Regulator increases industry-wide closure spend target for liabilities by $278 million to $700 million

CALGARY, AB - The Alberta Energy Regulator (AER) has increased the industry-wide closure spend target for liabilities in 2023 from $422 million to $700 million and released forecasted targets through 2027, which are anticipated to increase annually by 9 per cent. "These increases ensure closure activity is prioritized by companies developing energy in Alberta," said Laurie Pushor, President, and CEO of the AER. "We are taking action to stop the growth of closure liability in the next five [Read more]

Paramount Resources Ltd. renews normal course issuer bid

CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the Company's notice to renew its normal course issuer bid ("NCIB") for its class A common shares ("Common Shares"). The renewal of the NCIB provides the Company with the continued flexibility to increase shareholder returns through the repurchase of Common Shares at times when management believes that the market price of the Common [Read more]

Tidewater Midstream and Infrastructure Ltd. announces results of annual general and special meeting

CALGARY, AB - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Company") (TSX: TWM) is pleased to announce that at the annual general and special meeting held in Calgary, Alberta on June 23, 2022 (the "Meeting") holders of common shares of Tidewater: (i) elected Joel MacLeod, Douglas Fraser, Margaret A. (Greta) Raymond, Robert Colcleugh, ‎Michael Salamon, Neil McCarron and Gail Yester‎ to the Board of Directors; (ii) re-appointed Deloitte LLP, as Tidewater's auditors; (iii) [Read more]

Bellatrix announces proposed transaction

CALGARY, AB - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") announces a transaction (the "Transaction") pursuant to which, among other things, Spartan Delta Corp. (the "Purchaser") will acquire 1,000 new common shares issued by Bellatrix (the "Purchased Shares") for an aggregate subscription price of $6,000,000, and all other existing equity securities of the Company will be cancelled, resulting in the Purchaser holding 100% of the aggregate issued and outstanding equity securities [Read more]

Tidewater Midstream and Infrastructure Ltd. extends credit facility refinancing terms

CALGARY, AB - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Company") (TSX: TWM) along with its senior secured lenders have agreed to extend its previously disclosed deadline to refinance its unsecured notes payable and second lien term loan from June 30, 2022 to July 31, 2022 (the "Refinancing Transaction") in order to support its current refinancing plans. Refinancing Transaction details will be disclosed upon finalization of the terms. Tidewater's business continues to [Read more]

Enerplus releases its 2022 ESG report

CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today announced the release of its 2022 ESG report, which provides an update on its environmental, social and governance ("ESG") initiatives. Enerplus continues to prioritize ESG focus areas that have the greatest financial impact, or which are operationally important to the organization in reducing risk, enhancing long-term business resilience and profitability, and supporting access to capital. Enerplus' [Read more]

Imperial and E3 Lithium form strategic agreement on lithium pilot project in Alberta

CALGARY, AB - Imperial Oil Limited (TSE: IMO) (NYSE American: IMO) and E3 Lithium (TSXV: ETMC) (OTCQX: EEMMF) announced today a collaboration to advance a lithium-extraction pilot in Alberta, exploring the redevelopment of an historic oil field into a potential new leading source of lithium for Canada's growing critical minerals industry. The pilot will support E3 Lithium's Clearwater project, which will draw lithium from under the Leduc oil field, Imperial's historic discovery that first [Read more]

Bill 21: Utica Resources sues the Quebec government for $18 Billion for violating Article 6 of the Quebec Charter of Rights and Freedoms

MONTRÉAL - Utica Resources today filed a lawsuit in Superior Court to nullify Bill 21 or, failing that, to obtain compensation of $18 Billion which corresponds to the net present value of future profits, as estimated by a leading independent expert. Bill 21 constitutes an attack on Utica Resources' right to "the peaceful enjoyment and free disposition of its property", a fundamental right protected by the Quebec Charter of Rights and Freedoms (Article 6) and section 952 of the Civil Code [Read more]

Enbridge publishes 21st sustainability report

CALGARY, AB - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today published its 21st annual Sustainability Report (Report), offering stakeholders information about the Company's continuous improvement in areas of environment, social, and governance (ESG) performance. "In many ways, when Enbridge announced the company's ESG goals in 2020, it galvanized our organization's progression as a company," said Pete Sheffield, Enbridge Vice-President and Chief Sustainability Officer. [Read more]

Tidewater announces second quarter 2022 dividend

CALGARY, AB - Tidewater Midstream and Infrastructure Ltd. ("Tidewater") (TSX: TWM) is pleased to announce that its Board of Directors has declared a dividend for the second quarter 2022 of $0.01 per common share payable on or about July 31, 2022 to shareholders of record on June 30, 2022. The ex-dividend date is June 29, 2022. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). About Tidewater Tidewater is traded on the TSX under the symbol "TWM". [Read more]