BOE Report

Obsidian Energy provides compelling reasons why Bonterra shareholders should tender their shares to the offer

CALGARY, AB - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy" or the "Company") today provided Bonterra Energy Corp. ("Bonterra") shareholders with compelling reasons why combining Bonterra and Obsidian Energy is in their best interests through increased shareholder value. "Our in-depth financial and operational analysis clearly shows that the value as a combined entity results in far greater share price appreciation and upside than either company could achieve on a [Read more]

Natural gas and oil industry investing in Canada’s economic recovery: CAPP forecasts an increase of more than $3 billion in planned upstream spending for 2021

CALGARY, AB - The Canadian Association of Petroleum Producers (CAPP) is forecasting a 14 per cent increase in upstream natural gas and oil investment in 2021. Capital spending in the sector is expected to be around $3.36 billion higher this year, reaching $27.3 billion, compared to an estimated total investment of $24 billion in 2020. The planned investment for 2021, while increasing from the lowest levels in more than a decade, would halt the dramatic decline seen since 2014, when [Read more]

Pembina Pipeline Corporation announces $600 Million hybrid note offering

CALGARY, AB, Jan. 12, 2021 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that it has priced an offering of $600 million of 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 25, 2081 (the "Offering"). The Offering is expected to close on or about January 25, 2021, subject to customary closing conditions. Pembina expects to use the net proceeds of the Offering to redeem or repurchase its outstanding cumulative [Read more]

Keyera announces January 2021 dividend

CALGARY, AB, Jan. 12, 2021 - Keyera Corp. (TSX: KEY) ("Keyera") announced today a cash dividend for January 2021 of 16.00 cents per common share. The dividend will be payable on February 16, 2021, to shareholders of record on January 22, 2021. The ex-dividend date is January 21, 2021. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera's dividends are subject to Canadian withholding tax.   About Keyera [Read more]

Tamarack Valley Energy announces 2021 guidance and corporate update

CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) announces that the Board of Directors (the "Board") has approved a 2021 capital budget of $105 to $110 million, designed to grow corporate oil production by approximately 30% on an exit-over-exit basis, generate significant free adjusted funds flow and maintain a strong balance sheet with a debt to trailing annual adjusted funds flow of less than 1.5 times. While 2020 was a challenging year on many fronts, [Read more]

Inter Pipeline announces January 2021 cash dividend

CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today the declaration of a cash dividend of $0.04 per share for January 2021. This dividend will be paid on or about February 16, 2021 to shareholders of record on January 22, 2021. This dividend is designated as an "eligible dividend" for Canadian tax purposes. Since inception, Inter Pipeline has distributed approximately $6.2 billion in cash payments to investors. Inter Pipeline's objective is to provide investors [Read more]

Pembina Pipeline Corporation announces consideration of hybrid subordinated debt securities offering

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL); (NYSE: PBA) announced today that it is considering an offering of hybrid subordinated debt securities under its short form base shelf prospectus dated December 30, 2020. If a successful offering is priced and completed, the Company intends to use the net proceeds of the offering to redeem or repurchase its outstanding cumulative redeemable minimum rate reset Class A Preferred Shares, Series 11 (TSX: [Read more]

AltaGas Ltd. announces monthly dividend

CALGARY, AB - AltaGas Ltd. ("AltaGas or the Company") (TSX: ALA) announced today that the January dividend will be paid on February 15, 2021, to common shareholders of record on January 25, 2021. The ex-dividend date is January 22, 2021. The amount of the dividend will be $0.0833 for each common share. This dividend is an eligible dividend for Canadian income tax purposes. AltaGas is a leading North American energy infrastructure company that connects NGLs and natural gas to domestic and [Read more]

Bonterra Energy Corp. confirms previous recommendation for shareholders to reject the hostile bid

CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today confirms that the Company has carefully reviewed the Notice of Extension, Variation and Change filed by Obsidian Energy Ltd. ("Obsidian") for the unsolicited bid  to acquire all of the issued and outstanding common shares of Bonterra in exchange for shares of Obsidian (the "Hostile Bid") and continues to strongly recommend that Bonterra shareholders take no action and REJECT the Hostile [Read more]

i3 Energy plc – employee options issuance

CALGARY, AB - i3 Energy plc, an independent oil and gas company with assets and operations in the UK and Canada, announces that it has issued options over a total of 13,166,358 ordinary shares ("Options") to key staff that joined its Canadian subsidiary, i3 Energy Canada Ltd., following the acquisition of Gain Energy Limited's oil & gas assets. The options have been issued in accordance with the rules of the Company's Employee Share Option Plan and will have an exercise price of £0.061 per [Read more]