BOE Report

AltaGas announces 2022 guidance, provides update on strategic priorities and releases 2021 ESG report with sustainability goals

CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) announced its 2022 guidance and outlook; provided an update on its long-term strategic plan, and released its 2021 Environment, Social and Governance (ESG) report, including sustainability goals. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) 2022 normalized EPS1 guidance of $1.80 - $1.95 represents approximately nine percent year-over-year growth using mid-point [Read more]

Parkland ramps-up processing operations at the Burnaby Refinery

CALGARY, AB, Dec. 14, 2021 /CNW/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI), announced today, that following the restart of the Trans Mountain Pipeline ("the Pipeline") on December 5, 2021, it is ramping-up processing operations at the Burnaby Refinery (the "Refinery"). The Pipeline is the primary source of crude oil feedstock to the refinery. "Having maintained the refinery in ready-mode and following delivery of sufficient, consistent quality crude oil [Read more]

Surge Energy Inc. announces $130 million term debt financing; new $150 million first lien credit facility; repayment of $42 million BDC term facility; and provides strategic outlook to shareholders

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has closed a $130 million 5-year term debt facility (the "Term Debt Facility") and a new normal course $150 million first lien credit facility with a revised syndicate of five lenders (the "First Lien Credit Facility"). Concurrent with the closing of the Term Debt Facility and First Lien Credit Facility, the Company has repaid its $42 million, non-revolving BDC term loan (the "BDC Term [Read more]

Pembina Pipeline Corporation announces $1 billion public note offering

CALGARY, AB - Pembina Pipeline Corporation ("Pembina") (TSX: PPL) (NYSE: PBA) announced today that it has agreed to issue $1.0 billion of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $500 million in senior unsecured medium-term notes, series 17 (the "Series 17 Notes") having a fixed coupon of 3.53% per annum, paid semi-annually, and maturing on December 10, 2031; and $500 million in senior unsecured medium-term notes, series 18 [Read more]

Pembina Pipeline Corporation declares December 2021 common share dividend and announces 2022 business update conference call and webcast

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 2021 of $0.21 per share to be paid, subject to applicable law, on January 14, 2022 to shareholders of record on December 31, 2021. 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]

Enbridge Inc. announces three percent quarterly dividend increase for 2022

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.860 per common share, payable on March 1, 2022 to shareholders of record on February 15, 2022.  The declared dividend represents a three percent increase from the prior quarterly rate and the twenty-seventh consecutive year in which the Company has increased its common share dividend. DIVIDEND DECLARATION On December 6, 2021, the [Read more]

Advantage announces 2022 budget, including strategic growth of liquids, gas and midstream assets

CALGARY, AB, Dec. 6, 2021 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to announce its 2022 budget. Advantage's 2022 capital program will be focused on growing adjusted funds flow per share by continuing to drill high rate-of-return targets in areas with existing infrastructure capacity.  An escalating emphasis will be placed on increasing liquids revenue and making infrastructure investments that either expand third-party processing revenue or advance our [Read more]

Gibson Energy announces 2022 capital budget

All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB - Gibson Energy Inc. announced today its target for growth capital expenditures in 2022 to be approximately $150 million, depending on the timing of the sanction of certain growth opportunities.  Projects currently sanctioned by the Board of Directors comprise approximately one-third of the target capital figure.  Additionally, the Board of Directors has approved the allocation of between $25 million and $30 [Read more]

Topaz Energy Corp. announces inclusion in the S&P/TSX Composite Index and expansion & extension of its syndicated credit facility

CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that it will be added to the S&P/TSX Composite Index effective Monday, December 20, 2021, prior to the open of trading on the Toronto Stock Exchange (the "TSX").  The S&P/TSX Composite Index is the headline index for Canada and is the principal benchmark measure for the Canadian equity markets, represented by the largest companies on the TSX. Inclusion in the S&P/TSX Composite Index can [Read more]

Whitecap Resources Inc. announces consolidating acquisitions and repurchases 19.2 million common shares

CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce three separate transactions that will consolidate core assets within its Central Alberta, Eastern Saskatchewan and Western Saskatchewan business units (the "Acquisitions"). The Acquisitions will increase 2022 discretionary funds flow after capital and dividends by $80 million or 10% per share at US$65/bbl WTI and C$3.50/GJ AECO by adding approximately 9,000 boe/d (67% liquids) to our average [Read more]