BOE Report

Crescent Point announces Q3 2020 results

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2020. KEY HIGHLIGHTS  Generated approximately $120 million of excess cash flow during third quarter, demonstrating continued capital discipline. Significantly reduced net debt by over $575 million year-to-date 2020, providing ample liquidity of over $2.5 billion. Upwardly revising 2020 [Read more]

AltaGas announces third quarter results

AltaGas delivers strong third quarter results, reiterates 2020 guidance and remains focused on executing long-term strategic plan. CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) today reported third quarter 2020 financial results and provided an update on the Company's operations and outlook, including COVID-19 considerations. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Normalized EBITDA1 increased 23 percent [Read more]

Ovintiv reports strong third quarter 2020 financial and operating results

Results strengthen outlook for 2021 Scenario Consistent framework provided for future capital allocation and debt reduction Highlights: Posted $47 million of non-GAAP free cash flow and reduced net debt by $217 million during the third quarter, reaffirmed pledge that all excess cash flows will go toward debt reduction Reported third quarter cash from operating activities of $493 million and non-GAAP cash flow of $398 million Exceeded guidance with third quarter crude and [Read more]

Gear Energy Ltd. announces proposed amendments of convertible debentures

CALGARY, AB - Gear Energy Ltd. (TSX: GXE) (the "Company") is pleased to announce that the beneficial holders of in excess of 66 2/3% of its outstanding $13,185,000 aggregate principal amount of convertible unsecured subordinated debentures (the "Debentures") have agreed to certain amendments to the Debentures. The proposed amendments (the "Amendments") to the Debentures, include, among other things: (i) extending the maturity date of the Debentures from November 30, 2020 to [Read more]

Highwood Oil Company Ltd. announces review of strategic alternatives to enhance shareholder value and provides operational update

CALGARY, AB - Highwood Oil Company Ltd. ("Highwood" or the "Company") (TSXV: HOCL) today announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view of enhancing shareholder value. Strategic Review Strategic and financial alternatives may include, but are not limited to, the sale of the Company, investment in, merger or other business combination, recapitalization, [Read more]

MEG Energy announces third quarter results including successful completion of major plant turnaround, increased production guidance and further cost reductions

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CALGARY, AB - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its third quarter of 2020 operational and financial results. MEG continues to proactively respond to the safety and financial challenges associated with the COVID-19 pandemic and remains committed to ensuring the health and safety of all of its personnel and the safe and reliable operation of the Christina Lake facility. "Our 75-day major scheduled plant turnaround was successfully completed in August with [Read more]

Topaz Energy Corp. completes $230.5 million initial public offering

CALGARY, AB, - Topaz Energy Corp. is pleased to announce it has completed its previously announced initial public offering consisting of a treasury offering by the Company and a secondary offering by its majority shareholder Tourmaline Oil Corp. ("Tourmaline" or the "Selling Shareholder") of an aggregate of 17,731,000 common shares ("Common Shares") at a price of $13.00 per Common Share (the "Offering Price") for gross proceeds to the Company and the Selling Shareholder of approximately $217.5 [Read more]

Tamarack Valley Energy Ltd. releases inaugural 2020 sustainability report

CALGARY - Tamarack Valley Energy Ltd. is pleased to announce the completion of its inaugural Sustainability Report, outlining the Company's continued focus on environmental, social and governance ("ESG") practices and the increasingly vital role these factors play in Tamarack's strategy. The Company has set commitments and goals related to the focus areas of governance, health and safety, community engagement, indigenous partnerships, people, land and biodiversity preservation, water [Read more]

Crescent Point announces Q3 2020 conference call

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and (NYSE: CPG) plans to report its third quarter 2020 financial and operating results via press release prior to the opening of markets on Thursday, October 29, 2020. Crescent Point's management will hold a conference call at 10:00 a.m. MT (12:00 p.m. ET) the same day to discuss the Company's results and outlook. Participants can listen to this event online via webcast. Alternatively, the conference [Read more]

CNOOC Limited Announces Key Operational Statistics for Q3 2020

HONG KONG - CNOOC Limited (the "Company") today announced its key operational statistics for the third quarter of 2020. The Company achieved a total net production of 131.2 million barrels of oil equivalent ("BOE") for the third quarter of 2020, representing an increase of 5.1% year-over-year ("YoY"). Production from China increased by 10.4% YoY to 88.6 million BOE, mainly attributable to commencement of new projects such as Luda 21-2/ Luda 16-3 regional development project and Dongfang [Read more]