BOE Report

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]

Petrus Resources provides 2022 budget guidance and operational outlook

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce its Board of Directors has approved a 2022 capital budget of $50 to $55 million, which is expected to deliver average annual production in the range of 7,000 to 7,500 boe per day, a forecasted increase of approximately 25% compared to 2021 estimates. The majority of the forecasted production growth is expected to be realized in the second half of 2022 leading to estimated exit rates exceeding [Read more]

CER’s projection for Canada’s use of fossil fuels in the coming decades

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CALGARY, Alberta - The Canada Energy Regulator (CER) has published their outlook for Canadian fossil fuel use. Canada's Energy Future 2021: Energy Supply and Demand Projections to 2050 (EF2021) projects fossil fuel use, without carbon capture and storage technology, falling by 62 per cent in the next 30 years if Canada and the world continue the current pace of increasing action to reduce greenhouse gas (GHG) emissions. The same projection sees Canadians reducing their overall energy consumption [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 253,210 IPC common shares (ISIN: CA46016U1084) during the period of December 3 to 9, 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 Regulation [Read more]

Crew Energy Inc. announces 2022 capital budget and continued execution of two-year plan, highlighted by debt reduction and per share growth in production and AFF

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 confirm that our Board of Directors (the “Board”) has approved a 2022 capital expenditure budget ranging between $70 and $95 million, in-line with our established two-year plan. In 2022, Crew plans to continue targeting increased annual average daily production, [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 $0.09 per common share, payable in cash on January 17, 2022 to shareholders of record on December 31, 2021. 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 [Read more]

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]