BOE Report

AltaGas Ltd. closes aggregate $700 million medium term note offerings

CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company" ) (TSX: ALA) today announced that it has completed its issue of $500 million of senior unsecured medium term notes (the "7.5 Year Notes") with a coupon rate of 2.075%, maturing on May 30, 2028 and $200 million of senior unsecured medium term notes (the "10 Year Notes") with a coupon rate of 2.477%, maturing on November 30, 2030 (the "Offering"). The net proceeds resulting from the Offering will be used to pay down existing indebtedness [Read more]

Obsidian Energy announces winter 2020 drilling program start and progression of Bigoray egress capital project

CALGARY, AB - OBSIDIAN ENERGY LTD. (TSX: OBE), (OTCQX: OBELF) ("Obsidian Energy" or the "Company") today announced an update to its 2020 capital spending plan due to the re-initiation of our Cardium development program. Obsidian Energy will increase its 2020 capital program by $3.2 million to commence drilling activity on the first pad within our Central Alberta Willesden Green asset. "With the improvement in commodity prices, we are excited to return to drilling in our high-return [Read more]

Southern Energy Corp. announces Q3 2020 financial and operating results

CALGARY, AB - Southern Energy Corp. ("Southern" or the "Company") (TSXV: SOU) announces the release of its financial and operating results for the three and nine months ended September 30, 2020.  Southern is an established producer with natural gas and light oil assets in Mississippi and Alabama (the "Southeast Gulf States") characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to the best commodity pricing in North America.  The [Read more]

Highwood Oil Company Ltd. announces third quarter 2020 results

CALGARY, AB - Highwood Oil Company Ltd., ("Highwood" or the "Company") (TSXV: HOCL) is pleased to announce financial and operating results for the quarter ended September 30, 2020. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis ("MD&A") for the quarter ended September 30, 2020, can be found at www.sedar.com and www.highwoodoil.com. Highlights Average production of 1,585 bbl/d of oil in the third quarter of 2020, [Read more]

Pan Orient Energy Corp. annual meeting change

CALGARY, AB - Pan Orient Energy Corp. ("Pan Orient") (TSXV: POE) announced today that its annual meeting to be held on Tuesday, December 1, 2020 at 2:30 p.m. (Calgary time) will be conducted exclusively by telephone. COVID-19 restrictions announced by the Government of Alberta on November 24 prevent an in-person meeting from being held at the location named in the notice of meeting and management information circular sent to shareholders. Attendance by telephone only – The meeting will be [Read more]

Enbridge Inc. to host virtual investor conference on December 8

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will hold its annual investor conference at 9 a.m. ET on Tuesday, December 8, by virtual webcast.  During the webcast, the Company will review its strategic plan, business unit priorities, and financial outlook. The conference will be webcast live on the 'Events and Presentations' page of Enbridge's website. Details of the webcast When:  Tuesday, Dec. 8, 2020 7:00 a.m. MT (9:00 [Read more]

AltaGas Ltd. announces aggregate $700 million medium term note offerings

CALGARY, AB - AltaGas Ltd. ("AltaGas") (TSX: ALA) today announced that it has agreed to issue $500 million of senior unsecured medium term notes (the "7.5 Year Notes") with a coupon rate of 2.075%, maturing on May 30, 2028 and $200 million of senior unsecured medium term notes (the "10 Year Notes") with a coupon rate of 2.477%, maturing on November 30, 2030 (the "Offering"). The Offering is expected to close on or about November 30, 2020. The net proceeds resulting from the Offering will be [Read more]

Line 3 moves forward to construction

CALGARY, AB and DULUTH, Minn. - The Line 3 Replacement Project has received approval to begin construction.  Today the Minnesota Public Utilities Commission issued their authorization to construct.  The one remaining permit is a stormwater permit which is provided by the Minnesota Pollution Control Agency. [Read more]

New CER report shows that policy and technology change will be key drivers of Canada’s energy transition

CALGARY, AB - A new energy outlook from the Canada Energy Regulator (CER) finds that Canada's fossil fuel consumption declines over the next 30 years but without an accelerated energy transition, fossil fuels will still make up more than 60% of Canada's fuel mix in 2050. Canada's Energy Future 2020: Energy Supply and Demand Projections to 2050 explores how new technologies and climate policy will impact Canadian energy consumption and production trends over the next 30 years. The outlook [Read more]

Obsidian Energy announces voting results from the 2020 special meeting of shareholders

CALGARY, AB - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy" or the "Company") is pleased to announce that at its special meeting of shareholders held on November 23, 2020, Obsidian Energy's shareholders approved the resolution outlined in the Notice of 2020 Special Meeting and Management Proxy Circular dated October 16, 2020 (the "Information Circular"), which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Obsidian Energy's website at [Read more]