BOE Report

Ovintiv appoints Katherine L. Minyard to board of directors

DENVER - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Katherine L. Minyard has been appointed as an independent member of its board of directors, effective immediately. Minyard, 45, is an Investment Principal and Partner at Cambiar Investors where she focuses on energy, metals and mining, industrials, basic materials and utility equities. Before joining Cambiar, she was an Executive Director on J.P. Morgan's Equity Research Team covering integrated oil, refining, Canadian oil [Read more]

Keyera announces timing of 2021 virtual annual meeting

CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") will be holding its 2021 Annual Meeting of Shareholders on Tuesday, May 11, 2021, at 2 p.m. MST (4 p.m. EST) in a virtual-only format. The meeting will be conducted via a live audio webcast and will provide all shareholders an opportunity to participate regardless of their geographic location. The meeting will be conducted online only; there will be no physical meeting venue to attend. The webcast link is available on Keyera's website at [Read more]

MEG Energy announces full year 2020 free cash flow of $129 million, debt repayment of $132 million and 28% year-over-year reduction in G&A expense

CALGARY, AB - MEG Energy  Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its full-year 2020 operational and financial results. Highlights include: Free cash flow of $129 million driven by adjusted funds flow of $278 million ($0.91 per share) and disciplined capital spend of $149 million; Bitumen production volumes of 82,441 barrels per day (bbls/d) at a steam-oil ratio (SOR) of 2.3; Repayment of $132 million of long-term debt concurrent with the refinancing of US$1.2 [Read more]

Paramount Resources Ltd. reports 2020 annual results and provides 2021 guidance

CALGARY, AB, March 3, 2021 /CNW/ - HIGHLIGHTS Annual sales volumes averaged 68,340 Boe/d (39% liquids) in 2020. Fourth quarter 2020 sales volumes averaged 73,460 Boe/d (42% liquids), ahead of guidance of 70,000 to 72,000 Boe/d.(1) Fourth quarter sales volumes at Karr, which benefitted from bringing onstream the five-well 5-16 West pad in November, averaged 26,914 Boe/d (56% liquids), compared to 19,246 Boe/d (57% liquids) in the third quarter. Fourth quarter sales volumes at [Read more]

Waterous Energy Fund announces successful take-over bid for Osum Oil Sands Corp., commencement of mandatory 10-day tender extension period, and voluntary resignation of Osum directors and officers

CALGARY, AB - Waterous Energy Fund ("WEF") and its subsidiary WEF Osum Acquisition Corp. (the "Offeror") are pleased to announce that each of the conditions to the offer dated November 4, 2020, as amended, to acquire up to 57,000,000 common shares ("Osum Shares") of Osum Oil Sands Corp. ("Osum") at a price of $3.00 per share (the "Offer") have been satisfied, including the condition prescribed by applicable securities laws that more than 50% of the Osum Shares not owned by WEF be tendered to the [Read more]

Journey Energy Inc. announces termination of proposed Countess asset sale

CALGARY, AB - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") reports that it has today formally terminated the purchase and sale agreement with the third-party purchaser for Journey's recently commissioned 4.2 megawatt power plant and the associated Countess natural gas assets (collectively the "Countess Assets"). Journey has decided to terminate the agreement with the third party rather than provide a further extension to the closing date. The disposition of the [Read more]

Perpetual Energy Inc. announces extension of credit facility redetermination

Calgary, AB - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") announced today that the maturity date applicable to the Company's credit facility has been extended to April 30, 2021 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before April 30, 2021. The extension of the revolving credit period provides additional time to finalize negotiations with its lenders and for the Company [Read more]

Topaz Energy Corp. declares quarterly dividend

CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.20 per common share.  The dividend will be payable March 31, 2021 to shareholders of record at the close of business on March 15, 2021.  This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. About Topaz Energy Corp. Topaz is a unique royalty and energy [Read more]

ARC Resources and Seven Generations to hold special shareholder meetings on proposed business combination

CALGARY, AB - (TSX: ARX) (TSX: VII) ARC Resources Ltd. ("ARC") and Seven Generations Energy Ltd. ("Seven Generations") announced today that they have filed a joint management information circular (the "Circular") dated March 1, 2021 and related meeting and proxy materials in connection with the proposed business combination (the "Business Combination") to create the premier Montney producer and leader in responsible energy development. The meeting materials will be mailed to ARC and Seven [Read more]

Tamarack Valley Energy Ltd. announces fourth quarter and year end 2020 financial results and reserves highlights

CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2020 and the results of its independent oil and gas reserves evaluation as of December 31, 2020, prepared by GLJ Ltd. ("GLJ") (the "GLJ Report"). Selected financial, operational and reserves information is outlined below and should be read with Tamarack's audited consolidated financial statements ("Financial [Read more]