BOE Report

Tidewater announces fourth quarter 2020 dividend

CALGARY, AB - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that its Board of Directors has declared a dividend for the fourth quarter 2020 of $0.01 per common share payable on or about January 29, 2021 to shareholders of record on December 31, 2020.  The ex-dividend date is December 30, 2020. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). About Tidewater Tidewater is traded on the [Read more]

Highwood Oil Company Ltd. announces closing on previously announced disposition of Clearwater assets for $40.8 million in cash and amendment of credit facility

CALGARY, AB - Highwood Oil Company Ltd. ("HOCL", "Highwood" or the "Company") (TSXV: HOCL) announces the closing of its previously announced Clearwater disposition (the "Clearwater Disposition") and revisions to the Company's credit agreement. Closing of Clearwater Disposition Highwood is pleased to announce the successful closing of the Clearwater Disposition to Tamarack Acquisition Corp., a wholly owned subsidiary of Tamarack Valley Energy Ltd., for cash consideration of $40.8 million. [Read more]

Tamarack Valley Energy Ltd. announces closing of previously announced strategic Clearwater Oil acquisitions and $47 million equity financing

CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce the closing of two strategic acquisitions (together, the "Acquisitions") which establish a significant consolidated and operated position in the Clearwater oil play in the Greater Nipisi area, along with interests in the Jarvie area of Alberta, for a total net purchase price of $74.0 million, after deducting the proceeds from the sale of a 2% newly created gross overriding royalty (the "GORR [Read more]

Jupiter completes transaction with Tourmaline after receiving shareholder and court approvals

CALGARY, AB - Jupiter Resources Ltd. ("Jupiter" or the "Company") today announces the closing of its previously announced transaction with Tourmaline Oil Corp. ("Tourmaline") (the "Transaction"). Pursuant to the Transaction, holders of common shares ("Jupiter Shares") in the capital of Jupiter (the "Shareholders") received the equivalent of approximately 0.2365 of a common share (a "Tourmaline Share") in the capital of Tourmaline for each Jupiter Share held, subject to withholdings as [Read more]

Tourmaline completes strategic acquisition of Jupiter

CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce the completion of its previously announced acquisition of Jupiter Resources Inc. ("Jupiter") whereby it acquired all of the issued and outstanding shares of Jupiter for total consideration of approximately $630 million, comprised of 24.2 million Tourmaline common shares, and the assumption of net debt of approximately $200.0 million, inclusive of all transaction costs. The Jupiter acquisition, [Read more]

Enerplus announces cash dividend for January 2021

CALGARY, AB - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.01 per share will be payable on January 15, 2021 to all shareholders of record at the close of business on December 31, 2020. The ex-dividend date for this payment is December 30, 2020. The CDN$0.01 per share dividend is equivalent to approximately US$0.01 per share if converted using the current Canadian/US dollar exchange rate of 0.7863. The U.S. dollar equivalent [Read more]

Gear Energy Ltd. provides 2021 budget guidance, update to credit facilities and conclusion of strategic alternatives process

CALGARY, AB - Gear Energy Ltd. ("Gear") (TSX: GXE) is pleased to announce that its Board of Directors have approved a $20 million capital budget for 2021 targeting stabilized production and continued improvement of the strong balance sheet. Gear is also pleased to announce that the lenders under Gear's syndicated credit facilities have completed the most recent borrowing base redetermination with the combined total capacity essentially unchanged at $70 million.  The maturity date of the [Read more]

Paramount Resources Ltd. releases inaugural ESG Report

CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) is pleased to announce the release of its inaugural ESG Report as part of its ongoing commitment to sustainable resource development, environmental stewardship and the well being of its employees and the communities in which we operate.  The ESG Report highlights many of the Company's recent achievements, including a 45% reduction in combined Scope 1 and 2 greenhouse gas emissions and a 40% reduction in emissions [Read more]

Gear Energy Ltd. announces shareholder approval for amendments to convertible debentures

CALGARY, AB - Gear Energy Ltd. (TSX: GXE) ("Gear" or the "Company") is pleased to announce that Gear shareholders have approved the amendments to Gear's outstanding convertible unsecured subordinated debentures (the "Debentures") at a special meeting (the "Meeting") of shareholders held today. The amendments were approved by shareholders holding in excess of 97% of the Gear common shares who voted in person or by proxy at the Meeting. There is presently approximately $13.2 million principal [Read more]

Minister O’Regan launches hydrogen strategy for Canada

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ST. JOHN'S, NL - As the Government of Canada continues to protect and support Canadians through the COVID-19 pandemic, it is also important that the country look to the future. Today, Canada's Minister of Natural Resources, the Honourable Seamus O'Regan, launched the Hydrogen Strategy for Canada, an ambitious framework that seeks to position Canada as a global hydrogen leader, cementing this low-carbon and zero-emission fuel technology as a key part of our path to net-zero carbon emissions by [Read more]