BOE Report

Tidewater Midstream and Infrastructure Ltd. Announces Strategic Expansion of its Liquids Value Chain with the Acquisition of Prince George Refinery including a Five-Year Investment Grade Product Offtake Agreement which results in over 50% Accretion

CALGARY, Oct. 4, 2019 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Company") (TSX: TWM) is pleased to announce that it has entered into a purchase and sale agreement ("PSA") to acquire Husky Energy Inc.'s ("Husky") light oil refinery located at Prince George, British Columbia ("B.C.") (the "Acquisition") thereby expanding Tidewater's liquids value chain. The Prince George Refinery ("PGR") is a 12.0 Mbbl/d light oil refinery that predominantly produces low [Read more]

Inter Pipeline Announces October 2019 Cash Dividend

CALGARY, Oct. 2, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today the declaration of a cash dividend of $0.1425 per share for October 2019. This dividend will be paid on or about November 15, 2019 to shareholders of record on October 22, 2019. This dividend is designated as an "eligible dividend" for Canadian tax purposes. Since inception, Inter Pipeline has distributed approximately $5.6 billion in cash payments to investors. Inter Pipeline's objective is to [Read more]

Enbridge Completes Sale of New Brunswick Gas Business

Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company") today announced it has closed the previously announced transaction to sell Enbridge Gas New Brunswick Limited Partnership along with its general partner Enbridge Gas New Brunswick Inc. (together "New Brunswick Gas") to Liberty Utilities (Canada) LP, a wholly-owned subsidiary of Algonquin Power & Utilities Corp., for a cash purchase price of CAD $331 million, subject to certain customary adjustments. This asset sale [Read more]

Razor Energy Corp. Announces Flow-Through Share Private Placement for its Renewable Geothermal Power Project

CALGARY, Oct. 1, 2019 /CNW/ - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) is pleased to announce it has entered into an agreement with GMP FirstEnergy on behalf of a syndicate of agents (collectively, the "Agents") pursuant to which the Agents have agreed to market, on a "best efforts" private placement basis, up to 2,702,800 Common Shares that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Flow-Through Shares"). The [Read more]

Razor Energy Corp. Announces Flow-Through Share Private Placement for its Renewable Geothermal Power Project

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./ CALGARY, Oct. 1, 2019 /CNW/ - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) is pleased to announce it has entered into an agreement with GMP FirstEnergy on behalf of a syndicate of agents (collectively, the "Agents") pursuant to which the Agents have agreed to market, on a "best efforts" private [Read more]

Bonterra Energy Corp. Confirms Cash Dividend for September 2019 Payable October 31, 2019

CALGARY, Oct. 1, 2019 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") announces that the September 2019 monthly cash dividend will be $0.01 per share and will be paid on October 31, 2019. The record date for the dividend is October 15, 2019 and the ex-dividend date is October 11, 2019. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" for tax purposes. Bonterra [Read more]

Journey Energy Inc. Announces Equity Financing and Term Debt Extension

CALGARY, Sept. 30, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") today announced two significant financial transactions improving its balance sheet and liquidity. Non-brokered private placement Journey has entered into a non-brokered, private placement for $7.3 million of flow through common shares (within the meaning in the Income Tax Act (Canada) (the "Flow-Through Shares").  2.8 million Flow-Through Shares were issued at a price of $2.60 per share, representing [Read more]

Eagle Energy Inc. Announces Conditional Approval of the Listing of Eagle by the TSX Venture Exchange

Further to the August 14, 2019 news release of Eagle Energy Inc. ("Eagle") regarding its application to transfer its listing to the TSX Venture Exchange (the "TSX-V") from the Toronto Stock Exchange ("TSX"), Eagle announces that the TSX-V has conditionally approved the listing of Eagle as a Tier 2 Oil and Gas Issuer subject to receiving final administrative items and undertakings from Eagle.  Eagle is working to complete and submit these items as soon as possible. The exact timing for the [Read more]

Obsidian Energy Provides Operational Update

CALGARY, Sept. 30, 2019 /CNW/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on its Cardium development program and hedging portfolio. Phase 2 Cardium Program Update The 13 well Willesden Green Cardium development program planned for the second half of the year is progressing as planned, with six wells rig released. Four of those wells have been completed and are expected to be on stream by mid-October. The [Read more]

AltaGas Reaches an Agreement to Sell its Interest in the Central Penn Pipeline for $870 Million

AltaGas exceeds its 2019 asset sales target with approximately $2.2 billion announced or completed sales to-date CALGARY, Sept. 30, 2019 /CNW/ - AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that it has entered into a definitive agreement for the sale of its indirect, non-operating interest in the Central Penn Pipeline (Central Penn) held by its subsidiary WGL Midstream, Inc. (WGL Midstream) to Meade Pipeline Investment, LLC, a subsidiary of NextEra Energy Partners, LP. Total gross proceeds [Read more]