BOE Report

Prairie Provident Announces Renewal of Credit Facilities

CALGARY, Alberta, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") is pleased to announce the renewal of its senior secured revolving note facility (the "Revolving Facility"). The renewal extends the maturity date and revolving period by a full year from December 31, 2022 to December 31, 2023, and includes complementary amendments to the terms of both the Revolving Facility as well as the Company's outstanding senior subordinated notes [Read more]

International Petroleum Corporation announces results of share repurchase program

TORONTO, Dec. 20 - International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 625,383 IPC common shares (ISIN: CA46016U1084) during the period of December 10 to 17, 2021 under the previously announced share repurchase program. The share repurchase program, announced by IPC on December 1, 2021, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated [Read more]

Cenovus announces sale of Tucker asset for $800 million

Proceeds will further accelerate net debt reduction and support increasing shareholder returns CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to sell its Tucker thermal asset for total cash proceeds of $800 million. Proceeds from this transaction will further accelerate the company’s reduction of net debt and enhance its capacity to increase shareholder returns. Including this transaction, the company expects to realize almost $2 billion of total [Read more]

Peyto Exploration & Development Corp. confirms monthly dividend for Jan. 14, 2022

CALGARY, Alberta - Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to December 2021 of $0.05 per common share per month is to be paid on January 14, 2022, for shareholders of record on December 31, 2021. The ex-dividend date for the December dividend is December 30, 2021. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to [Read more]

PrairieSky Royalty closes acquisition of Western Canadian Royalty assets and expands sustainability-linked loan

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce that it has closed the previously announced acquisition from Heritage Royalty of over 1.9 million acres of royalty lands throughout Alberta, Saskatchewan and Manitoba (the “Royalty Lands”) including over 1.7 million net acres of fee simple mineral title lands; and (ii) extensive seismic assets that are complementary to the Royalty Lands, for total cash consideration of $728 million (the [Read more]

PrairieSky Royalty closes $230.1 million bought deal equity financing

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce that it has closed its previously announced bought deal offering of common shares (the "Offering"). Pursuant to the Offering, the Company issued 17,169,500 common shares (including 2,239,500 common shares issued pursuant to the exercise in full of the over-allotment option granted to the underwriters) at a price of $13.40 per common share, for aggregate gross proceeds of approximately [Read more]

Prairie Provident announces successful second half 2021 drilling program

CALGARY, Alberta - Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to provide an operational update outlining the successful second half 2021 drilling program in its core Princess area.  Two Lithic Glauconite horizontal wells and one Ellerslie horizontal well were brought online in the second half of 2021. Current corporate average daily production based on field estimates is approximately 5,175 boe/d1 (69% liquids). Princess Area Update The 2021 [Read more]

Freehold Royalties Ltd. declares dividend for December 2021

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.06 per common share to be paid on January 17, 2022 to shareholders of record on December 31, 2021. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU. For [Read more]

Kiwetinohk Energy Corp. announces expansion of lending syndicate and increased credit facility

CALGARY, Alberta - Kiwetinohk Energy Corp. (“Kiwetinohk” or the Corporation”) is pleased to announce a 40 percent increase to its Senior Secured Extendible Revolving Facility (or “Credit Facility”). Kiwetinohk’s existing lenders, Bank of Montreal as agent and co-leads ATB Financial and National Bank of Canada, have completed their semi-annual borrowing base redetermination and have agreed to amend the Credit Facility and increase the borrowing limit from $225 million to $315 million. To support [Read more]

Suncor Energy announces 2022 production outlook and capital program

CALGARY, Alberta - Suncor released its 2022 corporate guidance today which supports the previous announcements of doubling the dividend, increasing share buybacks and lowering the capital program by $300 million. The 2022 guidance reflects strong operational performance across all assets and continued capital and cost discipline. Highlights include: Upstream production of 750,000 to 790,000 barrels of oil equivalent per day (boe/d), approximately 5% higher than the expected 2021 levels, [Read more]