BOE Report

National campaign promotes responsible energy made the Canadian way

Calgary, Alberta - A new marketing campaign aims to build national confidence in how oil and gas is produced in Canada by presenting Canadians with a label of origin for an energy sector they can be proud of. The Made the Canadian Way campaign, launched this week by the Canadian Energy Centre (CEC), is focused on giving people across the country the answers they are seeking for how domestic energy producers are meeting the high environmental, social and governance (ESG) performance standards [Read more]

TC Energy welcomes Cheryl Campbell as new independent director

CALGARY, Alberta - News Release - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) is pleased to announce the appointment of Cheryl Campbell as a new independent director to the Board of Directors effective June 7, 2022. Ms. Campbell brings extensive experience in the midstream energy sector, with expertise in operations in both regulated and unregulated environments, as well as in sustainability and risk management. She previously worked as a Senior Vice-President of Xcel Energy, Inc. [Read more]

PrairieSky Royalty declares quarterly dividend

CALGARY, Alberta - PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.12 per common share, payable in cash on July 15, 2022 to shareholders of record on June 30, 2022.   This dividend is designated as an “eligible dividend” for Canadian income tax purposes. About PrairieSky Royalty Ltd. PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its [Read more]

Correction: Election to Equinor’s board of directors

In a meeting in the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) on 7 June 2022 Michael D. Lewis was elected as new member to Equinor’s board of directors and Anne Drinkwater was elected as deputy chair of the board of Equinor ASA. Furthermore, the corporate assembly re-elected Jon Erik Reinhardsen as chair of the board in addition to re-election of Anne Drinkwater, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Jonathan Lewis, Finn Bjørn Ruyter and Tove Andersen as [Read more]

Athabasca Oil Corporation provides operations update, further debt redemptions and inclusion in the S&P TSX composite index

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to provide a corporate update highlighted by strong operational performance at Leismer, a steadfast commitment to debt reduction and inclusion to Canada’s headline equity index. Operations Update At Leismer, the Company successfully completed a two-week plant turnaround on schedule and on budget in May. Bitumen production has since been restored to ~20,000 bbl/d. The asset is expected to exit [Read more]

Cenovus announces enhanced long-term sponsorship of the Calgary Stampede

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced a new and substantial long-term sponsorship agreement with the Calgary Stampede. The four-year, Champion level sponsorship builds on more than a decade of involvement with the Stampede. The enhanced relationship, which runs through 2025, includes premier sponsorship of the Saddle Bronc competition and a new fan experience with company volunteers handing out treats and other giveaways to lucky fans seated in the [Read more]

Marksmen announces granting of stock options

CALGARY, ALBERTA Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSXV: MAH) announces the granting of stock options to purchase 1,760,000 common shares of the Company to a consultant subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.085 per share, vest immediately and have a one-year term from the date of issuance. For additional information regarding this news release please contact Archie Nesbitt, Director, and CEO of the [Read more]

Freehold Royalties Ltd. announces new board members

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) (TSX: FRU) is pleased to announce the appointments of Sylvia Barnes and Valerie Mitchell to the Board of Directors. Ms. Barnes is a seasoned Board Director, a business leader and co-founder of Tanda Resources LLC, a privately-held energy advisory firm focused on upstream investments and consulting based in Houston, Texas, where she resides. She currently is a Board Member at StoneBridge Acquisition Corp. (NASDAQ: APACU) and has been a [Read more]

MEG Energy announces initiation of share buyback program

CALGARY, Alberta - MEG Energy Corp. (TSX:MEG, “MEG” or the “Corporation”) is pleased to announce that as a part of a 15 million share block trade on the TSX at a price of $21.85 per share, the Corporation has repurchased 3.4 million shares for cancellation using the block purchase exception under its normal course issuer bid (“NCIB”) and other institutional shareholders have purchased the remaining shares of the block.  The Corporation has 23.6 million shares remaining under its current NCIB [Read more]

Petrus announces closing of refinancing of credit facilities

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce that it has closed the credit refinancing transactions previously announced on May 5, 2022. The Company has entered into agreements with new lenders to the Company which provide two new credit facilities (the “New Credit Facilities”) totaling up to $55 million. The New Credit Facilities consist of a $30 million reserve-based, secured operating revolving loan facility with ATB Financial (the [Read more]