BOE Report

Inter Pipeline board focused on maximizing value for all shareholders

CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline" or the "Company") (TSX: IPL) reiterates that the focus of its previously announced strategic review process (the "Strategic Review") is to seek opportunities to maximize value for all shareholders. This is consistent with the fiduciary obligations of the Inter Pipeline Board of Directors (the "Board") and in the best interests of shareholders. The Strategic Review is being led by the Special Committee of independent directors, supported by [Read more]

Whitecap Resources Inc. exceeds guidance, achieves record production and generates significant free funds flow

CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited consolidated financial results for the three months ended March 31, 2021. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related management's discussion and analysis for the three months ended March 31, 2021 which are available at www.sedar.com and on our [Read more]

AltaGas announces strong first quarter results and increases 2021 guidance

CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) today reported first quarter 2021 financial results and provided an update on the Company's operations and outlook. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Normalized EPS1 of $1.29 in Q1 2021 compared to $0.79 in Q1 2020, representing a 63% year-over-year increase. Normalized FFO1 per share of $2.08 in Q1 2021 compared to $1.51 in Q1 2020, representing a 38% [Read more]

Vermilion Energy Inc. reports voting results of annual general meeting

CALGARY, AB - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce the voting results from our annual meeting of shareholders held on April 28, 2021. A total of 40,454,887 common shares representing 25.46% of Vermilion's issued and outstanding common shares were voted in connection with the meeting. The vote on each matter was conducted by ballot. The manner in which the proxies were voted or ballots cast, as applicable, in [Read more]

Tamarack Valley Energy Ltd. announces receipt of shareholder written consent for acquisition of Anegada Oil Corp.

CALGARY - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) announces it has received written consents from shareholders holding a majority of the issued and outstanding common shares of Tamarack ("Tamarack Shares") approving the Company's previously announced acquisition of Anegada Oil Corp. ("Anegada"), a privately held pure play Charlie Lake light-oil producer (the "Acquisition"). As partial consideration for the Acquisition, Tamarack will issue 105,341,880 Tamarack [Read more]

Surge Energy Inc. announces $15 million “Bought Deal” public offering of flow-through common shares

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by Cormark Securities Inc. and National Bank Financial Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 25,425,000 common shares (the "Flow-Through Shares") of Surge to be issued as "flow-through shares" with respect to "Canadian development expenses" [Read more]

Ovintiv reports first quarter 2021 financial and operating results

Highlights: First-quarter 2021 net earnings of $309 million ($1.16 per share diluted), cash from operating activities of $827 million and non-GAAP cash flow of $890 million Generated $540 million of non-GAAP free cash flow in the quarter and reduced total debt by $467 million to $6.4 billion Exceeded divestiture target with more than $1.1 billion in announced asset sales; well ahead of year-end 2022 target; previously announced Duvernay asset sale closed today Leveraged dynamic [Read more]

Altura Energy Inc. announces the closing of a previously announced asset disposition

CALGARY, AB - As disclosed in the Corporation's January 29, 2021 news release, Altura Energy Inc. ("Altura" or the "Corporation") (TSXV: ATU) amended the payment schedule in respect to the timing of the second transaction in the December 4, 2019 definitive agreement with a private company.  On April 27, 2021, Altura closed the sale of a 0.6875% working interest in the Corporation's production, wells, lands and facilities for cash of $437,500.  The disposition schedule for all transactions net of [Read more]

Vermilion Energy Inc. announces results for the three months ended March 31, 2021

CALGARY, AB - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2021. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2021 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on [Read more]

Yangarra announces 2021 first quarter financial and operating results

CALGARY, AB - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX: YGR) announces its financial and operating results for the three months ended March 31, 2021. During the first quarter, Yangarra continued its disciplined approach to controlling costs on operations and capital spending by successfully drilling seven wells and completing eight wells below previous guidance on cost estimates. The emphasis on a profitable growth strategy resulted in delays to bringing these wells on [Read more]