BOE Report

Pipestone shareholders approve arrangement with Strathcona to create new Canadian energy leader

CALGARY, Alberta, Sept. 27, 2023 (GLOBE NEWSWIRE) -- (PIPE – TSX) Pipestone Energy Corp. ("Pipestone" or the "Company") today announced that the Company’s shareholders (the "Shareholders") have voted to approve the previously announced arrangement (the "Arrangement") with Strathcona Resources Ltd. ("Strathcona"), which will see Pipestone combined with Strathcona to create one of Canada’s largest energy producers. Upon closing, Strathcona and Pipestone will be amalgamated to form a new [Read more]

Prospera Energy Inc. announces low dilutive development capital raise

CALGARY, Alberta, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE). Prospera has successfully drilled five horizontal wells of the multi-well infill horizontal development program. Two horizontal wells have commenced production and the remaining three horizontal wells will commence production in the subsequent weeks. Currently, PEI gross production levels are 800boepd with 400boepd behind pipe [Read more]

Peyto announces closing of equity financing

CALGARY, Alberta, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto" or the "Company") is pleased to announce that it has completed its previously announced bought deal equity financing, issuing 16,916,500 subscription receipts (the "Subscription Receipts") at a price of $11.90 per Subscription Receipt for gross proceeds of approximately $201 million (the "Equity Offering"), which included the full exercise of the over-allotment option granted to the [Read more]

International Petroleum Corporation announces results of normal course issuer bid

TORONTO, Sept. 25, 2023 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 254,700 IPC common shares (ISIN: CA46016U1084) during the period of September 18 to 22, 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 [Read more]

Pipestone rebuts latest misleading, false and incoherent arguments from GMT’s Tom Claugus

Pipestone’s extensive 18-month strategic review process considered all alternatives available to Pipestone, including those previously put forward by GMT and companies in which it has an interest, and determined that the combination with Strathcona is in the best interests of Pipestone and the Pipestone Shareholders Today’s Tom Claugus claims, intended to derail this value-unlocking transaction, are even more misleading and incoherent than the earlier arguments from the Atlanta-based hedge [Read more]

Open letter from Tom Claugus, President of GMT Capital Corp., for why he opposes proposed acquisition of Pipestone Energy Corp. (TSX: PIPE) by Strathcona Resources Ltd.

September 21, 2023 14:52 ET| Source: GMT Capital Corp. ATLANTA, Sept. 21, 2023 (GLOBE NEWSWIRE) -- After discussions with shareholders and potential suitors for Pipestone I am providing you with my final update before the shareholder vote on the Strathcona Pipestone merger. We remind you that although the shareholder meeting is on Wednesday, September 27th, 2023 the cut-off for providing your proxies to the transfer agent is 10:00 a.m. Mountain Time on Monday, September 25th. Beneficial [Read more]

Pipestone reminds shareholders to vote for the value-enhancing proposed combination with Strathcona to create a leading Canadian energy producer

To ensure their votes are counted at the Special Meeting of Shareholders, Shareholders must submit their proxies by 10:00 am (Calgary Time) this Monday, September 25, 2023. Shareholders are encouraged to vote FOR the Arrangement with Strathcona. Combining with Strathcona is superior to the status quo, providing Pipestone Shareholders with the ability to participate in the upside of a much larger, more diversified producer that is expected to benefit from scale, longer-life and [Read more]

Pipestone announces that ISS reaffirms recommendation that shareholders vote “FOR” proposed combination with Strathcona to create a leading Canadian energy producer; ISS says dissident’s arguments “do not appear well supported”

Pipestone encourages all shareholders to vote FOR the Arrangement today to ensure their votes are counted; the proxy voting deadline is 10:00 a.m. (Calgary time) on Monday, September 25, 2023 Have questions or need help voting? Call Kingsdale Advisors on 1-888-659-1824 (toll free in North America), email contactus@kingsdaleadvisors.com, or visit www.pipestonestrathcona.com CALGARY, Alberta, Sept. 20, 2023 (GLOBE NEWSWIRE) -- (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the [Read more]

International Petroleum Corporation successfully completes USD 150 million tap issue

TORONTO, Sept. 20, 2023 (GLOBE NEWSWIRE) -- International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq Stockholm: IPCO) announces that it has successfully completed a tap issue of USD 150 million of senior unsecured bonds under IPC’s existing 7.25% senior unsecured bonds (ISIN NO 0012423476). Following settlement of the tap issue, the amount of senior unsecured bonds outstanding will be USD 450 million, with maturity in February 2027. The bonds are rated B+ by S&P Global [Read more]

Cenovus Energy announces pricing of tender offers for certain outstanding series of notes

CALGARY, Alberta, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the total consideration payable in connection with its previously announced tender offers to purchase for cash: (i) up to $500,000,000 aggregate purchase price, excluding accrued and unpaid interest (the “Pool 1 Maximum Amount”), of its 5.250% Notes due 2037, 4.450% Notes due 2042, 5.200% Notes due 2043, 4.400% Notes due 2029, 5.400% Notes due 2047 and 4.250% Notes due 2027 [Read more]