BOE Report

Advantage announces strategic production curtailment, anticipates further capital reduction

(TSX: AAV) CALGARY, AB, Oct. 8, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") announces it has begun strategic production curtailments of up to 130 mmcf/d of dry gas in response to unusually low Alberta natural gas prices. Curtailments began during September and are planned to continue during the fourth quarter until such time as pricing recovers. Consistent with our strategic priorities of maximizing free cash flow(a) and reducing net debt(a), production curtailment [Read more]

MEG Energy cautions investors regarding TRC Capital’s below market “mini-tender” offer

CALGARY, AB, Oct. 7, 2024 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation" (TSX: MEG)) has received notice of an unsolicited "mini-tender" offer made by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 4,000,000 MEG shares, or approximately 1.50% of MEG's outstanding shares, at a price of C$24.25 per share. The offering price represents a discount of 4.57% to the closing price of MEG shares on the Toronto Stock Exchange (the "TSX") on September 30, 2024, the last trading [Read more]

Enbridge collaborates with Microsoft to use AI for enhanced safety, emissions reduction, and asset optimization

CALGARY, AB, Oct. 7, 2024 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB), in collaboration with Microsoft, is harnessing the power of artificial intelligence (AI) to drive significant advancements in safety, emissions reduction, and asset optimization across its operations. Building on a strong digital foundation, the company began implementing AI over five years ago and is now leveraging it to support operational and environmental excellence. "Our long-term collaboration with Microsoft has [Read more]

Chevron Canada Limited announces US$6.5 billion sale of its interests in the Athabasca Oil Sands Project and Duvernay shale

CALGARY, AB, Oct. 7, 2024 /CNW/ - Chevron Canada Limited ("CCL") announced today that it and Chevron Canada Oil Sands Partnership ("CCOSP") have entered into a definitive agreement to sell CCOSP's 20 percent non-operated interest in the Athabasca Oil Sands Project, CCL's 70 percent operated interest in the Duvernay shale, and related interests, all located in Alberta, Canada, to Canadian Natural Resources Limited. The US$6.5 billion all-cash transaction has an effective date of [Read more]

AltaGas to issue third quarter 2024 results

CALGARY, AB, Oct. 4, 2024 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) will release its third quarter 2024 results on Thursday, October 31, 2024, before market open. A conference call and webcast will be held the same day to discuss the financial results and other corporate developments. Conference Call and Webcast Details: Date:                             Thursday, October 31, 2024 Time:                            9:00 a.m. MT (11:00 a.m. [Read more]

Logan Energy Corp. announces closing of previously announced financings

CALGARY, AB, Oct. 3, 2024 /CNW/ - Logan Energy Corp. (TSXV: LGN) ("Logan" or the "Company") is pleased to announce the closing of its previously announced upsized bought-deal private placement financing of 68,494,000 common shares of Logan ("Common Shares") at a price of $0.73 per Common Share for gross proceeds of approximately $50.0 million (the "Equity Offering"), which was led by National Bank Financial Inc. as sole bookrunner and as co-lead underwriter together with Eight [Read more]

InPlay Oil Corp. Confirms Monthly Dividend for October 2024

CALGARY, AB, Oct. 1, 2024 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.015 per common share payable on October 31, 2024, to shareholders of record at the close of business on October 15, 2024.  The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. [Read more]

Topaz Energy Corp. announces strategic core area royalty acquisition and bought deal equity financing

ACQUISITION IMMEDIATELY PROVIDES 50% ROYALTY ACREAGE, 12% ROYALTY PRODUCTION AND 8% ROYALTY REVENUE GROWTH CALGARY, AB, Oct. 1, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that further to its growth strategy of acquiring low-risk, premium royalty interests, the Company has entered into definitive agreements with Tourmaline Oil Corp. ("Tourmaline") to acquire gross overriding royalty interests on approximately 3.0 million gross acres, over 50% [Read more]

Tourmaline announces closing of Crew Energy acquisition and gross overriding royalty sale to Topaz Energy

CALGARY, AB, Oct. 1, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed the acquisition of Crew Energy Inc. ("Crew"), pursuant to which the Company acquired all of the issued and outstanding common shares of Crew in exchange for 18.778 million Tourmaline common shares and the assumption of net debt of approximately $230 million, including all transaction costs, for total consideration of approximately $1.4 billion(1) (the "Crew [Read more]

MEG Energy Announces Completion of Debt Reduction Strategy and Initiation of Return of 100% of Free Cash Flow to MEG Shareholders

CALGARY, AB, Oct. 1, 2024 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation" (TSX: MEG)) is pleased to announce that it has achieved its US$600 million debt target and will now be transitioning to a 100% return of free cash flow to shareholders. "This achievement marks a significant milestone in our multi-year capital allocation strategy, positioning us to substantially increase returns to our shareholders," said Darlene Gates, President and CEO of MEG Energy. "With the recent [Read more]