BOE Report

Rubellite Energy Inc. and Perpetual Energy Inc. complete strategic recombination transaction creating Rubellite Energy Corp.

CALGARY, AB, Oct. 31, 2024 /CNW/ - Rubellite Energy Inc. (TSX: RBY) ("Rubellite") and Perpetual Energy Inc. (TSX:PMT) ("Perpetual") are pleased to jointly announce that today they have completed their previously announced strategic recombination transaction (the "Recombination") creating "Rubellite Energy Corp.". With increased size, scale, greater financial liquidity, enhanced flexibility and operations carried on by its subsidiaries, Rubellite Energy Corp. will be well positioned to execute on [Read more]

Tamarack Valley Energy announces Q3 2024 financial results, updated corporate guidance and dividend increase

TSX: TVE CALGARY, AB, Oct. 31, 2024 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce its unaudited financial and operating results for the three and nine months ended September 30, 2024. Selected financial and operating information should be read with Tamarack's unaudited consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2024, and 2023, which are [Read more]

Veren announces Q3 2024 results & updated outlook

CALGARY, AB, Oct. 31, 2024 /CNW/ - Veren Inc. ("Veren" or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce its operating and financial results for the quarter ended September 30, 2024, revised 2024 guidance, 2025 budget and updated five-year outlook. KEY HIGHLIGHTS Generated third quarter excess cash flow of $114 million, with full year 2024 excess cash flow expected to total $625 million. Returned $290 million to shareholders in dividends and share repurchases [Read more]

AltaGas reports strong third quarter 2024 results

The Company Expects 2024 Normalized EBITDA to be in the Upper End of Guidance Range, Based on Strong Utilities and Midstream Performance CALGARY, AB, Oct. 31, 2024 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) reported third quarter 2024 financial results and provided an update on its operations and other corporate developments. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Normalized EPS1 was $0.14 in the [Read more]

Yangarra announces 2024 third quarter financial and operating results

CALGARY, AB, Oct. 30, 2024 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX: YGR) announces its financial and operating results for the three and nine months ended September 30, 2024. Operations Update Yangarra started up the drilling program in late July after a period of reduced activity in the second quarter and expects a very active fourth quarter for bringing on new wells.  Despite the reduced annual activity levels, the Company will maintain relatively flat [Read more]

Secure announces 2024 third quarter results

Adjusted EBITDA1 of $127 million ($0.53 per basic share1) Reaffirming 2024 full year Adjusted EBITDA guidance at top end of previous range provided of $470 - $490 million Discretionary Free Cash Flow1 of $90 million used to self-fund growth, share buybacks and dividends in the quarter September 30, 2024 Total Debt to EBITDA ratio2 of 1.1x (0.9x excluding leases) providing significant flexibility to execute strategic priorities Shareholder approval received for the corporate name [Read more]

Perpetual Energy Inc. and Rubellite Energy Inc. obtain shareholder approval for the strategic recombination

CALGARY, AB, Oct. 29, 2024 /CNW/ - Rubellite Energy Inc. (TSX: RBY) ("Rubellite") and Perpetual Energy Inc. (TSX: PMT) ("Perpetual") are pleased to jointly announce that today they have obtained the necessary shareholder approvals to proceed with their previously announced strategic recombination transaction under the Business Corporations Act (Alberta) (the "Recombination"). The shareholders of each of Rubellite and Perpetual overwhelmingly approved the Recombination, with 99.9% of the total [Read more]

Western Energy Services Corp. releases third quarter 2024 financial and operating results

CALGARY, AB, Oct. 29, 2024 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) announces the release of its third quarter 2024 financial and operating results.  Additional information relating to the Company, including the Company's financial statements and management's discussion and analysis ("MD&A") as at September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023 will be available on SEDAR+ at www.sedarplus.ca.  Non-International [Read more]

Westgate Energy announces new core area & provides operational update

The Company has acquired six sections of mineral rights in the Cold Lake Oil Sands Area with approximately 40 unbooked horizontal drilling locations targeting the Mannville Stack and achieved record production after its two-well Killam drilling program CALGARY, AB, Oct. 28, 2024 /CNW/ - Westgate Energy Inc. ("Westgate" or the "Company") (TSXV: WGT), a high-growth junior exploration and production company that is targeting untapped Mannville Stack medium and heavy oil resources in East-Central [Read more]

Advantage announces third quarter 2024 financial and operating results, 2024 capital spending reduction

(TSX: AAV) CALGARY, AB, Oct. 24, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report 2024 third quarter financial and operating results including record production, strong liquids performance, and lower operating costs. 2024 Third Quarter Financial Highlights Cash provided by operating activities of $46.7 million. Adjusted funds flow ("AFF")(a) of $54.7 million or $0.33/share(a) for Advantage(b) and $52.3 million or $0.31/share (a) [Read more]