BOE Report

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]

NuVista Receives TSX Approval for the Renewal of its Normal Course Issuer Bid

CALGARY, Alberta, June 14, 2023 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX:NVA, "NVA" or the "Corporation") announces that the Toronto Stock Exchange (the "TSX") has approved the renewal of the Corporation's normal course issuer bid (the "2023 NCIB"). Normal Course Issuer Bid Renewal Pursuant to the 2023 NCIB, NuVista may purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 16,793,779 common shares of the Corporation. The 2023 NCIB will become [Read more]

Prospera Energy Inc. announces DTC eligibility for US investors, enhancing liquidity

CALGARY, Alberta, June 14, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (PEI: TSX-V; OTC: GXRFF, FRA: OF6A, OF6B.SG, OF6B.F, OF6B.BE) Restructured Prospera continues to create value by enhancing liquidity, capitalization with minimal dilution and by settling legacy arrears. Prospera Energy is delighted to inform its shareholders and the investment community that its common shares ("Common Shares") are now eligible for book-entry and depositary services through the Depository Trust Company [Read more]

Shell to deliver more value with less emissions

Shell to deliver more value with less emissions Enhanced focus on performance, discipline and simplification Shareholder distributions increased to 30-40% of cash flow from operations (CFFO) through the cycle 15% increase in dividend per share effective Q2 2023* Share buybacks of at least $5 billion for the second half of 2023* Capital spending reduced to $22-25 billion per year for 2024 and 2025 Annual operating cost structurally reduced by $2-3 billion by end 2025 [Read more]

Peyto Exploration & Development Corp. announces results of directors vote

CALGARY, Alberta, June 13, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX – PEY) ("Peyto") is pleased to announce that the nominees listed in the information circular – proxy statement dated March 28, 2023 were elected as directors of Peyto at Peyto's annual meeting of shareholders (the "Meeting") held today, June 13, 2023. The detailed results of the vote for the election of directors held at the Meeting are set out below. Election of Directors On a vote by [Read more]