BOE Report

Peyto reports second quarter 2022 results

CALGARY, Alberta - Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the second quarter of the 2022 fiscal year. A 67% Operating Margin1,2 and a 31% Profit Margin3 in the quarter delivered a 12% Return on Capital4 and a 17% Return on Equity4, on a trailing twelve-month basis. Highlights for the quarter included: Funds from operations5 per share up 142%. Generated record $206 million in Funds from Operations [Read more]

Questerre reports second quarter 2022 results

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the second quarter ended June 30, 2022. Michael Binnion, President, and Chief Executive Officer, commented, “During the quarter, three new Kakwa wells were brought on production. Leveraging the strong commodity prices, we recorded adjusted funds flow from operations of over $12 million for the period.” Commenting on Quebec, he added, [Read more]

Petrus Resources announces second quarter 2022 financial & operating results

CALGARY, Alberta - Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and six months ended June 30, 2022. Q2 2022 HIGHLIGHTS: Production up 15% – Production was up 15% from 6,309 boe/d in the second quarter of 2021 to 7,280 boe/d in the second quarter of 2022 due to the new wells drilled in late 2021 and the strategic acquisition of Cardium assets located in Petrus' Ferrier area that closed in March [Read more]

Cardinal Energy Ltd. announces monthly dividend for August

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) confirms that our August dividend of $0.05 per common share will be paid on September 15, 2022 to shareholders of record on August 31, 2022. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its Environmental, Social and [Read more]

Birchcliff Energy Ltd. Announces Record Quarterly Adjusted Funds Flow and Free Funds Flow, Significant Debt Reduction and Excellent Q2 2022 Results

CALGARY, Alberta, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q2 2022 financial and operational results, which included record quarterly adjusted funds flow and free funds flow, resulting in a significant reduction in the Corporation’s total debt. “Birchcliff had a record quarter in Q2 2022,” stated Jeff Tonken, Chief Executive Officer of Birchcliff. “We remain confident that Birchcliff will reach zero [Read more]

Trans Mountain announces new President and Chief Executive Officer

CALGARY, Alberta - The Board of Directors of Trans Mountain Corporation ("Trans Mountain” or the “Company”) today announced the appointment of Dawn Farrell to the position of President and Chief Executive Officer and member of the Board of Directors. The appointment will be effective August 15, 2022. Mrs. Farrell brings over 35 years’ experience in the energy business, having held various senior level positions, including most recently President & CEO of TransAlta Corporation where she [Read more]

Pieridae releases Q2 2022 results: Record net operating income of $56 million drives $23 million in debt principal repayment

CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) announces the release of its second quarter 2022 financial and operating results, highlighted by record net operating income, material deleveraging and minor non-core asset divestitures. Highlights During Q2 2022 Pieridae: Generated record quarterly Net Operating Income1 (“NOI”) of $56.0 million ($0.35 per basic and $0.35 per fully diluted share) up 287% from $14.4 million in the comparable period in [Read more]

Pipestone Energy Corp. reports record second quarter 2022 results and provides an operations update

CALGARY, Alberta - (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its second quarter 2022 financial and operational results, and to provide an update on its operations. SECOND QUARTER 2022 CORPORATE HIGHLIGHTS: The Company generated record revenue of $210.4 million, which represents more than a two and a half times increase over Q2 2021 revenue of $82.3 million, and a 37% increase from Q1 2022 revenue of $153.5 million; In Q2 2022, Pipestone [Read more]

TC Energy closes $1.8 billion bought deal offering of common shares

CALGARY, Alberta – TC Energy Corporation (TSX: TRP) (NYSE: TRP) (TC Energy or the Company) today announced that it has completed its previously announced public offering (the Offering) of common shares of the Company (the Common Shares). The Offering was announced on Aug. 4, 2022 when TC Energy entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Scotiabank under which they agreed to purchase from TC Energy and sell to the public 28,400,000 Common Shares. [Read more]

Freehold Royalties announces second quarter results and increases dividend

CALGARY, Alberta, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces second quarter results for the period ended June 30, 2022. Operating and Financial Highlights Three Months Ended June 30 Three Months Ended March 31 FINANCIAL ($ millions, except as noted) 2022 2021 Change 2022 Change Funds from operations 83.8 40.2 109 % 71.9 17 % Funds from operations per share, basic ($) [Read more]