BOE Report

Petrus Resources announces credit facility increase and approval for normal course issuer bid

CALGARY, Alberta, June 21, 2023 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce an increase to its Senior Secured Credit Facility (“Credit Facility”). Petrus’ lender, ATB Financial, has completed their semi-annual borrowing base redetermination and have agreed to increase the borrowing limit from $30.0 million to $45.0 million. The Credit Facility is payable on demand by the lender and the next semi-annual review is scheduled on or before [Read more]

Questerre reports on AGM voting results

CALGARY, Alberta, June 20, 2023 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) announced today that, at its annual meeting of shareholders held on June 20, 2023 (the “Meeting”), all matters presented for approval at the Meeting were approved. At the Meeting, a vote was held by ballot which approved an ordinary resolution to fix the number of directors to be elected at the Meeting at five. In addition, each of the five nominees proposed in the [Read more]

TC Energy’s strategic alignment of 2023 priorities and energy transition, showcased at Sustainable Energy Forum

Over 60 per cent of secured capital projects directly enable global climate goals CALGARY, Alberta, June 20, 2023 (GLOBE NEWSWIRE) -- News Release -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is hosting a Sustainable Energy Forum today to highlight the Company’s role in enabling the energy transition while delivering long-term shareholder value. Today’s event includes presentations from TC Energy President and CEO François Poirier, Bruce Power President and CEO Mike [Read more]

Pipestone Energy Corp. provides update in respect of annual general meeting

CALGARY, Alberta, June 19, 2023 (GLOBE NEWSWIRE) -- (PIPE – TSX) As previously disclosed on May 10, 2023, Paul Wanklyn, President and Chief Executive Officer of Pipestone Energy Corp. ("Pipestone"), has taken a leave of absence for health reasons. Mr. Wanklyn has subsequently chosen to not put himself up for re-election to the Board of Directors at the annual general meeting of shareholders to be held on June 22, 2023 as he remains on leave. Pipestone Energy Corp. Pipestone is an oil and [Read more]

Razor Energy Corp. announces closing of recapitalization transaction including debt settlement and rights offering

CALGARY, Alberta, June 19, 2023 (GLOBE NEWSWIRE) -- Razor Energy Corp. ("Razor”) (TSXV: RZE) in conjunction with FutEra Power Corp. (“FutEra”), is pleased to announce that it has completed the transactions contemplated by its previously announced debt settlement agreement with Alberta Investment Management Corporation, (“AIMCo”), on behalf of certain of its clients (the “Debt Settlement Agreement”), pursuant to which all obligations owing by Razor to AIMCo under the senior second amended and [Read more]

International Petroleum Corporation announces results of normal course issuer bid

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 139,800 IPC common shares (ISIN: CA46016U1084) during the period of June 12 to 16, 2023 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 1, 2022, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 [Read more]

Peyto Exploration & Development Corp. confirms monthly dividend for July 14, 2023

CALGARY, Alberta, June 15, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to June 2023 of $0.11 per common share is to be paid on July 14, 2023, for shareholders of record on June 30, 2023. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more [Read more]

Pieridae announces successful refinancing, lower cost of debt, addition of commodity hedges and issue of warrants

CALGARY, Alberta, June 15, 2023 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”, “PEL”, or the “Company”) (TSX: PEA) is pleased to announce that its wholly-owned subsidiary Pieridae Alberta Production Ltd. (“PAPL” or the “Borrower”) has successfully completed a debt refinancing transaction, resulting in new credit facilities with Prudential Private Capital (“Prudential”) and Voya Investment Management (“Voya”) (together, the “Noteholders”), totaling USD $150 million (the “Financing”). [Read more]

Gibson Energy expands liquids infrastructure platform with acquisition of Texas Gulf Coast crude oil export facility for US$1.1 billion, announces concurrent $350 million subscription receipt bought deal offering

All financial figures are in Canadian dollars unless otherwise noted Transaction Highlights Enhances Gibson’s leading liquids-focused infrastructure business with on-strategy acquisition of high-quality export terminal at Ingleside, one of only two Texas Gulf Coast terminals with VLCC capabilities Strengthens cash flow with >95% of revenue under take-or-pay contracts with investment grade or high-quality counterparties who are existing customers of Gibson1 Expands Gibson’s [Read more]

Cenovus announces repurchase of 84% of its outstanding warrants

CALGARY, Alberta, June 14, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached separate agreements with each of Hutchison Whampoa Europe Investments S.à r.l. (HWEI) and L.F. Investments S.à r.l. (LFI) to purchase for cancellation all of the warrants held by HWEI and LFI, respectively, representing an aggregate of 45,484,672 warrants (CVE.WT), for $711 million in the aggregate (the Warrant Repurchase Transactions). As part of Cenovus’s combination with Husky Energy [Read more]