BOE Report

Tourmaline Oil Corp. Receives Investment Grade Credit Rating

CALGARY, AB - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline" or the "Company") is pleased to announce that on September 9, 2020 it has been assigned an issuer rating of BBB with a stable trend from DBRS Limited. This public investment grade credit rating helps validate the overall financial health of Tourmaline as a stable, low-risk, senior North American oil and gas producer.  As the largest producer of natural gas in Canada with one of the lowest cost structures, the Company has been able [Read more]

Enbridge to resume operation of east segment of line 5 in the Straits of Mackinac

CALGARY, AB and LANSING - Enbridge (TSX: ENB) (NYSE: ENB) will restart the east segment of Line 5 in the Straits of Mackinac after receiving authorization from the Pipeline and Hazardous Materials Safety Administration (PHMSA) and approval from the Michigan Circuit Court. Vern Yu, Executive Vice President and President of Liquids Pipelines said, "The decision to allow the restart of the east segment of Line 5 is very positive for the many residents and businesses in Michigan and the Great [Read more]

Poll: Quebecers are fans of Western Canadian oil

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MONTREAL - While it may surprise some observers, Quebecers are very open to developing their own oil resources. They also far prefer Western Canadian oil to foreign oil, according to an Ipsos poll conducted on behalf of the MEI and published today. Highlights: An overwhelming majority of Quebecers (71%) prefer to import their oil from Western Canada, versus just 8% who prefer American oil and 6% who want oil from another country. Half of Quebecers (50%) want the province to develop [Read more]

Inter Pipeline announces september 2020 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 September 2020. This dividend will be paid on or about October 15, 2020 to shareholders of record on September 22, 2020. This dividend is designated as an "eligible dividend" for Canadian tax purposes. Since inception, Inter Pipeline has distributed approximately $6.1 billion in cash payments to investors. Inter Pipeline's objective is to provide investors [Read more]

Obsidian Energy announces intention to launch exchange offer for Bonterra Energy

Creates a Cardium Champion with enhanced scale and relevance Accretive across all equity metrics resulting in significant per share value appreciation to the benefit of both Obsidian Energy and Bonterra shareholders Stabilize balance sheets, reduce debt and improve access to capital Up to C$100 million expected in identified financial, operational and other synergies over the first three years A far superior outcome compared to what either Obsidian Energy or Bonterra could achieve on a [Read more]

Obsidian Energy announces extension to our syndicated credit facility

CALGARY, AB - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of our syndicated credit facility to October 31, 2020. The syndicated credit facility has an underlying borrowing base of $550 million and amount available to be drawn of $450 million which remains unchanged. Under the agreement, the syndicated credit facility continues to be available on a revolving basis until October 31, 2020, subject to further [Read more]

Pembina Pipeline Corporation Declares Common Share Dividend

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for September 2020 of $0.21 per share to be paid, subject to applicable law, on October 15, 2020 to shareholders of record on September 25, 2020. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered [Read more]

Journey Energy Inc. provides banking update

CALGARY, AB, Sept. 2, 2020 /CNW/ - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") announces an extension to the forbearance agreement with its banking syndicate. Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance period until September 11, 2020.  Journey and its lending syndicate continue to be in discussions regarding the outstanding bank debt. This extension of the forbearance period will allow [Read more]

Tourmaline declares quarterly dividend

CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.12 per common share. The dividend will be payable on September 30, 2020 to shareholders of record at the close of business on September 15, 2020. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. [Read more]

Keyera announces CEO transition

CALGARY, AB - The Board of Directors (the "Board") of Keyera Corp. (TSX: KEY) is pleased to announce that Dean Setoguchi, currently President and Chief Commercial Officer, will become President and Chief Executive Officer ("CEO") and join the Board effective January 1, 2021. David Smith, our current CEO, has announced his plans to retire from Keyera and the Board effective December 31, 2020. "On behalf of the Board, I wish to extend our deep appreciation to David for the 22 years he has [Read more]