BOE Report

Tourmaline and Clean Energy open new CNG stations, advancing Western Canada’s first commercial-grade natural gas fueling corridor

The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas (CNG) for long-haul trucks and other fleets. CALGARY, AB, Oct. 22, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy") announced today the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to [Read more]

Topaz Energy Corp. closes equity financing including exercise in full of over-allotment option

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, Oct. 22, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that it has completed its previously announced bought-deal equity financing (the "Equity Financing") of common shares ("Common Shares"). Pursuant to the Equity Financing, Topaz issued 7,000,000 Common Shares, in addition to 1,050,000 Common Shares issued pursuant to the exercise [Read more]

MEG Energy announces third quarter of 2024 results and conference call

CALGARY, AB, Oct. 17, 2024 /CNW/ - Results Release: Tuesday, November 5, 2024 after market close   Conference Call Details: Wednesday, November 6, 2024 8:30am ET / 6:30am MT   Dial-in Numbers: Toll Free: 1.888.510.2154 International: 1.437.900.0527   Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on Wednesday, November 6, 2024 at:  [Read more]

Topaz Energy Corp. announces filing of short form prospectus

THE PROSPECTUS IS ACCESSIBLE THROUGH SEDAR+ CALGARY, AB, Oct. 16, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") announces today that it has filed and been receipted for a (final) short form prospectus (the "Prospectus") in each of the provinces of Canada, other than Quebec. The Prospectus was filed in connection with Topaz's previously announced offering of common shares as described in the Company's October 1, 2024 news release. Delivery of the Prospectus [Read more]

Electricity demand in Ontario to grow by 75 per cent by 2050

TORONTO, Oct. 16, 2024 /CNW/ - According to a new annual forecast from the Independent Electricity System Operator (IESO), electricity demand in Ontario is anticipated to grow 75 per cent by 2050, higher than previously forecast, with annual consumption rising from 151 terawatt-hours (TWh) in 2025 to 263 TWh in 2050. The accelerated pace of demand growth in this year's forecast is primarily attributed to the industrial sector, which includes additional electric vehicle supply [Read more]

Source Rock Royalties declares monthly dividend

CALGARY, AB, Oct. 15, 2024 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on November 15, 2024 to shareholders of record on October 31, 2024. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. About Source Rock Royalties Ltd. Source [Read more]

Surge Energy Inc. confirms November 2024 dividend

CALGARY, AB, Oct. 15, 2024 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 15, 2024, in respect of October 2024 production, for the shareholders of record on October 31, 2024, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow [Read more]

Tamarack Valley Energy announces declaration of monthly dividend

TSX: TVE CALGARY, AB, Oct. 15, 2024 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that the Board of Directors has declared a monthly cash dividend on its common shares of C$0.0125 per share in accordance with the Company's dividend policy. The dividend will be payable on November 15, 2024, to shareholders of record at the close of business on October 31, 2024. This monthly cash dividend is designated as an "eligible dividend" for Canadian [Read more]

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]