BOE Report

Explore Canada’s energy future with CER Chief Economist

CALGARY, Alberta - Join Canada Energy Regulator’s (CER) Chief Economist Darren Christie as he launches the CER’s flagship energy publication ‘Canada’s Energy Future 2021: Energy Supply and Demand Projections to 2050.’ Technical Briefing Date: Thursday, December 9, 2021 Time: 8 – 8: 50 a.m. MST Location: MS Teams Press Conference Date: Thursday, December 9, 2021 Time: 9 – 10 a.m. MST Location: MS Teams Accreditation is required for all journalists who wish to attend virtually [Read more]

Cenovus releases 2022 budget, updated strategy and 5-year business plan

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today released its 2022 budget, updated corporate strategy, five-year business plan and environmental, social and governance (ESG) targets, built on the company’s demonstrated operating strength, capital discipline and ESG leadership. The 2022 guidance includes capital spending of $2.6 billion to $3.0 billion and total production of approximately 800,000 barrels of oil equivalent per day (BOE/d), factoring in major planned turnarounds [Read more]

TC Energy declares quarterly dividends for Series 11 and 15 preferred shares

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 quarterly dividends on outstanding Series 11 and 15 Cumulative First Preferred Shares as follows: For the period up to but excluding Feb. 28, 2022, payable on Feb. 28, 2022 to shareholders of record at the close of business on Jan. 31, 2022: Series 11 (TRP.PR.G) - $0.2094375 per share Series 15 (TRP.PR.K) - $0.30625 per [Read more]

Freehold Royalties Ltd. posts materials for December 8th Investor Day event

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces it will hold an Investor Day on December 8, 2021 beginning at 1:00pm MDT. This event will include a formal presentation by Freehold’s management, and technical team, highlighting the company’s North American strategy. Due to COVID-19 restrictions, this event will be held virtually. Interested parties may participate in the Zoom meeting by registering in advance [Read more]

Shell announces commencement of shareholder distributions from Permian business sale proceeds

Royal Dutch Shell plc (the ‘company’) announces the commencement of up to $1.5 billion of share buybacks today, being the first tranche of the $7 billion shareholder distributions from the sale of the company’s Permian business in the United States.  The form and timing for distributing the remaining $5.5 billion (together with any unpurchased amount of the $1.5 billion of shares under this tranche) will be announced in early 2022. These distributions are in addition to our shareholder [Read more]

Athabasca Oil Corporation provides 2022 budget guidance

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or “the Company”) announces its 2022 budget that is focused on sustaining base production and maximizing free cash flow generation. The Company remains committed to its capital allocation priorities with near-term free cash flow directed to further significant term debt repayment. Reduced cash flow volatility, consistent operational execution and a best-in-class balance sheet is expected to unlock significant shareholder [Read more]

Baytex announces 2022 budget and updated five-year outlook with cumulative free cash flow of $2.1 billion

CALGARY, Alberta - Baytex Energy Corp. (“Baytex”) (TSX: BTE) announces that its Board of Directors have approved a 2022 capital budget of $400 to $450 million, which is designed to generate average annual production of 80,000 to 83,000 boe/d. “I am excited with the momentum we are building in our business. We expect to generate record free cash flow in 2021 and our priorities for 2022 remain much the same. Our 2022 capital program is designed to generate meaningful free cash flow with modest [Read more]

International Petroleum Corporation announces approval for share repurchase program

TORONTO - International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that the Toronto Stock Exchange (the "TSX") has approved IPC's notice of intention to make a normal course issuer bid. Pursuant to the share repurchase program, IPC is authorized to repurchase through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems, as and when considered advisable by IPC, up to 11,097,074 common shares, [Read more]

TC Energy to highlight sustainable long-term growth at virtual Investor Day

CALGARY, Alberta - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) will host its annual Investor Day in a virtual format today. During the event we will provide an overview of our corporate strategy, five-year financial outlook and the targets we have set to support our ten sustainability commitments. In addition, we will outline the vast opportunity set that lies ahead for our natural gas pipelines, liquids pipelines and power and storage businesses in Canada, the United States and [Read more]

Cenovus announces asset sales of nearly $660 million

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached agreements to sell its Husky retail fuels network and the Wembley assets in its Conventional business for combined total cash proceeds of nearly $660 million, allowing the company to further focus the portfolio, accelerate deleveraging and support increasing shareholder returns. “This is another demonstration of Cenovus delivering on opportunities to continue to optimize our portfolio and unlock value from assets that [Read more]