BOE Report

Ovintiv publishes 2019 sustainability report

Commits to emissions-related performance metrics for 2021; delivers sixth safest year DENVER - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today published its Sustainability Report, focusing on the Company's innovative leadership in sustainability and highlighting its significant achievements in environmental, social and corporate governance. "We understand that investors and society expect more transparency, more consistency and continuous performance improvement—from the industry and our [Read more]

Spartan Delta Corp. announces third quarter 2020 results and provides guidance for 2021

CALGARY, AB - Spartan Delta Corp. ("Spartan" or the "Company") (TSXV: SDE) is pleased to announce its financial and operating results for the three and nine month periods ended September 30, 2020. Selected financial and operational information is set out below and should be read in conjunction with Spartan's September 30, 2020 unaudited condensed consolidated interim financial statements and the related management's discussion and analysis ("MD&A") which are available on the Company's [Read more]

Topaz Energy Corp. announces strategic royalty acquisition in the Alberta Deep Basin

CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that in furtherance of its growth strategy of acquiring low-risk, stable and predictable revenue from its high-quality strategic partners it has entered into a definitive agreement with Tourmaline Oil Corp. ("Tourmaline") for the purchase of additional royalty assets (the "Royalty Acquisition"). The Royalty Acquisition provides free cash flow growth and enhanced sustainability for Topaz while enabling [Read more]

Tourmaline announces strong third quarter results, corporate acquisitions and transaction with Topaz Energy; increases dividend and 2021 guidance

CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release its operating and financial results for the third quarter of 2020. HIGHLIGHTS Two strategic corporate acquisitions, Modern Resources Inc. ("Modern") and Jupiter Resources Inc. ("Jupiter"), providing an additional 76,000 boepd of current production, significant accretive cash flow(1) and free cash flow(2). Follow-on sale of a gross overriding royalty ("GORR") on the Modern and Jupiter [Read more]

Jupiter Resources to be acquired by Tourmaline

CALGARY, AB - Jupiter Resources Ltd. ("Jupiter" or the "Company") today announced a transaction to sell to Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") in an all-stock transaction valued at approximately $626 million, inclusive of debt. Pursuant to the transaction, for each common share Jupiter shareholders will receive approximately 0.2365 of a Tourmaline common share. In addition, as part of the transaction Jupiter will redeem the 13.00% second-priority senior secured cash/PIK notes due [Read more]

Enbridge declares quarterly dividends

CALGARY, AB, Nov. 4 - The Board of Directors of Enbridge Inc. (TSX: ENB) (NYSE: ENB) has declared a quarterly dividend of $0.81 per common share, payable on December 1, 2020 to shareholders of record on November 13, 2020. The amount of the dividend is consistent with the September 1, 2020 dividend. The Board also declared the following quarterly dividends for Enbridge Inc. Preferred Shares. All dividends are payable on September 1, 2020 to shareholders of record on November 13, 2020.  All [Read more]

Keyera announces 2020 third quarter results

CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") announced its 2020 third quarter financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera's website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera's website or Keyera's filings on SEDAR at www.sedar.com. HIGHLIGHTS   Keyera delivered solid financial results in the third quarter even though the global economy and [Read more]

Keyera announces November 2020 dividend

CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") announced today a cash dividend for November 2020 of 16.00 cents per common share. The dividend will be payable on December 15, 2020, to shareholders of record on November 23, 2020. The ex-dividend date is November 20, 2020. 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 Corp. Keyera Corp. (TSX:KEY) [Read more]

Surge Energy Inc. announces third quarter financial and operating results

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has received lender approvals for a total of $90 million in new credit commitments to the Company, subject to final documentation. These commitments include: a new term loan facility (the "Term Facility") led by the Business Development Bank of Canada ("BDC") in partnership with the Company's syndicate of lenders (the "Syndicate"), for a non-revolving facility of $40 million with [Read more]

Highwood Oil Company Ltd. announces amendment to credit facility

CALGARY, AB, Nov. 2, 2020 /CNW/ - Highwood Oil Company Ltd. (TSXV: HOCL) ("Highwood" or the "Company") announces amendments to the Company's reserve-based credit facility (the "Credit Facility"). Credit Facility Amendment The Company's Credit Facility has been amended with the maturity date of Term Facility A extended to December 15, 2020.  The Company will also continue to work with its lender to explore all options needed to satisfy the conditions of the Credit [Read more]