BOE Report

TC Energy generates strong results in 2021 while progressing energy transition initiatives

CALGARY, Alberta - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for fourth quarter 2021 of $1.1 billion or $1.14 per share compared to net income of $1.1 billion or $1.20 per share for the same period in 2020. For the year ended December 31, 2021, net income attributable to common shares was $1.8 billion or $1.87 per share compared to net income of $4.5 billion or $4.74 per share for 2020. Comparable earnings1 for [Read more]

TC Energy declares quarterly dividends

CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that the Board of Directors (Board) of TC Energy declared a quarterly dividend of $0.90 per common share for the quarter ending Mar. 31, 2022, on the Company’s outstanding common shares. The common share dividend is payable on Apr. 29, 2022 to shareholders of record at the close of business on Mar. 31, 2022. The Board also declared quarterly dividends on the outstanding Cumulative First [Read more]

International Petroleum Corporation announces results of share repurchase program

TORONTO - International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 441,693 IPC common shares (ISIN: CA46016U1084) during the period of February 7 to 11, 2022 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]

Razor Energy Corp. announces grant of incentive stock options

CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces that its board of directors (the "Board") has approved the granting of 816,000 incentive stock options ("Options") to acquire common shares ("Common Shares") of the Company under its stock option plan. An aggregate of 631,000 Options were granted to certain of its directors and officers and 185,000 Options were granted to certain of its employees (collectively, the "Option Grant"). All of the Options are [Read more]

Birchcliff Energy Ltd. announces unaudited 2021 full-year and fourth quarter results and 2021 reserves highlights

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2021 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2021. “2021 was a record year for all of Birchcliff’s cash flow metrics. We generated record annual adjusted funds flow(1) of $539.7 million, record annual free funds flow(1) of $309.3 million and record annual net income to [Read more]

Crew Energy announces year end 2021 reserves highlighted by a 70% increase in value and record increase in proved developed producing reserves

CALGARY, Alberta - Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to provide highlights from our year-end independent corporate reserves evaluation prepared by Sproule Associates Ltd. (“Sproule”) with an effective date of December 31, 2021 (the “Sproule Report”). Crew’s 2021 year-end reserves reflect the successful first half [Read more]

Cenovus announces 2021 fourth-quarter and full-year results

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered record oil sands production in the fourth quarter of 2021, contributing to total upstream output of more than 825,000 barrels of oil equivalent per day (BOE/d)1 and almost 792,000 BOE/d1 for the full year. The company generated fourth-quarter cash from operating activities of $2.2 billion and adjusted funds flow of $1.9 billion. With free funds flow of $1.1 billion in the quarter, and proceeds from recent divestitures, [Read more]

International Petroleum Corporation 2021 year-end financial results and 2022 budget and production guidance

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the year ended December 31, 2021. IPC is also pleased to announce its 2022 capital expenditure budget of USD 127 million and its 2022 production guidance of between 46,000 and 48,000 barrels of oil equivalent (boe) per day (boepd).(1) 2021 year-end proved plus probable (2P) reserves and best [Read more]

PrairieSky announces record quarterly funds from operations, 2021 annual results and 33% dividend increase

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce fourth quarter ("Q4 2021") and year end operating and financial results for the period ended December 31, 2021. PrairieSky is also pleased to announce a 33% increase in its annual dividend to $0.48 per common share. Fourth Quarter Highlights: Achieved record quarterly funds from operations of $101.8 million ($0.45 per common share basic and diluted), a 148% increase over Q4 2020 [Read more]

International Petroleum Corporation announces results of share repurchase program

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 352,546 IPC common shares (ISIN: CA46016U1084) during the period of January 31 to February 4, 2022 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 Regulation [Read more]