BOE Report

Enbridge reports first quarter 2022 financial results and advances new organic growth opportunities

CALGARY, AB - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported first quarter 2022 financial results, reaffirmed its 2022 financial outlook and announced the advancement of further organic growth opportunities. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) First quarter GAAP earnings of $1.9 billion or $0.95 per [Read more]

TransAlta reports first quarter 2022 results and reaches 40% of renewables growth target

CALGARY, AB - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its financial results for the first quarter ended March 31, 2022. "TransAlta delivered solid first quarter results for 2022 with contributions from our new contracted assets at Windrise and North Carolina Solar which diversified our portfolio.  I am also pleased to confirm that we are on track to deliver our objectives under our Clean Electricity Growth Plan," said John Kousinioris, [Read more]

Enbridge and Humble Midstream to develop low-carbon hydrogen and ammonia production and export facilities at Enbridge Ingleside Energy Center

HOUSTON - Enbridge Inc. (Enbridge) (TSX: ENB) (NYSE: ENB) and Humble Midstream, LLC (Humble), an EnCap Flatrock Midstream portfolio company, are pleased to announce the joint development and marketing of a low-carbon hydrogen and ammonia production and export facility which will be located at the Enbridge Ingleside Energy Center (EIEC), near Corpus Christi, Texas. Enbridge and Humble plan to develop a utility scale ultra-low carbon production facility, capable of supplying both low-carbon [Read more]

Surge Energy Inc. announces intent to reinstitute base dividend on July 15, 2022; large new light oil pool extension and land acquisition at Steelman in SE Saskatchewan; update on term debt and credit facility; intent to redeem 5.75% convertible debentures; first quarter financial & operating results; and 2022 outlook

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce: 1) the intent to reinstitute the Company's base dividend on July 15, 2022;  2) the successful acquisition of strategic, core area lands in SE Saskatchewan at a recent Crown sale;  3) the receipt of an additional $30 million of term debt financing under the same terms and conditions as its existing 5-year term debt facility (the "Term Debt Facility");  4) the intent to redeem the Company's $44.5 million [Read more]

Tourmaline delivers record cash flow and free cash flow in Q1 2022 and announces special dividend

CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the first quarter of 2022 and declare a special dividend. HIGHLIGHTS Record quarterly cash flow(1)(2) of $1,076.0 million ($3.18 per diluted share(3)). Record quarterly free cash flow(4) ("FCF") of $618.2 million ($1.82 per diluted share) enabling the Company to declare a special dividend of $1.50 per common share to be paid May 19, 2022. [Read more]

West Lake Energy announces carbon sequestration hub proposal, setting the foundation for a transformational green energy centre in Southern Alberta

CALGARY, AB - WEST LAKE ENERGY CORP. ("West Lake" or the "Corporation") is pleased to announce its submission of a proposal to the Government of Alberta for a permit to evaluate a potential Carbon Capture Sequestration Hub (the "Hub"). Located near Pincher Creek, Alberta, the project will provide an immediate solution to the need for carbon capture, utilization, and storage ("CCUS") for Southern Alberta and the northwest United States. As Canada transitions to a low-carbon future, abundant [Read more]

Perpetual Energy Inc. reports first quarter 2022 financial and operating results and updates 2022 guidance

CALGARY, AB – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to release its first quarter 2022 financial and operating results and update its 2022 guidance. Select financial and operational information is outlined below, and should be read in conjunction with Perpetual's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2022, which are available through the Company's [Read more]

Tamarack Valley Energy announces first quarter 2022 financial results, operational update and updated 2022 guidance

CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce its financial and operating results for the three months ended March 31, 2022. Selected financial and operating information is outlined below and should be read with Tamarack's consolidated financial statements and related management's discussion and analysis (MD&A) for the three months ended March 31, 2022, which are available on SEDAR at www.sedar.com and on Tamarack's website at [Read more]

Paramount Resources Ltd. announces first quarter 2022 results, upwardly revised guidance, increased dividend and complementary asset acquisition

CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce strong first quarter 2022 financial and operating results, the acceleration of development activities at Karr supporting increased production in 2023 and beyond and a highly complementary $40 million Duvernay acquisition in its Willesden Green core area.  Paramount is also pleased to announce that it is increasing its regular monthly dividend from $0.08 per class A common share ("Common [Read more]