BOE Report

Crew Energy Inc. announces third quarter 2021 results highlighted by strong financial and operating performance

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 announce our operating and financial results for the three and nine month periods ended September 30, 2021. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) are available on Crew’s website and filed on SEDAR at [Read more]

Baytex announces third quarter 2021 financial and operating results, free cash flow of $101 million and repurchase of long-term notes

CALGARY, Alberta - Baytex Energy Corp. ("Baytex") (TSX: BTE) reports its operating and financial results for the three and nine months ended September 30, 2021 (all amounts are in Canadian dollars unless otherwise noted). “During the third quarter, we remain focused on strong capital discipline, generating free cash flow and reducing debt. We have already repurchased and cancelled US$200 million of our 2024 bonds this year and at current commodity prices we now expect to generate record [Read more]

Cenovus intends to implement normal course issuer bid

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (TSX) has accepted the company's notice of intention to implement a normal course issuer bid (“NCIB”) to purchase up to 146,451,823 common shares during the 12-month period commencing November 9, 2021 and ending November 8, 2022. Cenovus’s intention to launch a share buyback program, along with its recently announced dividend increase, are consistent with the company’s capital [Read more]

Athabasca Oil Corporation announces 2021 third quarter results

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2021 third quarter results. Record financial results during the quarter, including $57 million of Free Cash Flow, demonstrate the quality of Athabasca’s asset base and unique positioning in the current oil price environment. Q3 Highlights Production: ~34,250 boe/d including ~26,700 bbl/d in Thermal Oil and ~7,500 boe/d in Light Oil. Record Operating Income: $121 million [Read more]

Cenovus increases shareholder returns on strong performance in Q3 2021

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued its strong and reliable operating performance in the third quarter of 2021. Total upstream production of almost 805,000 barrels of oil equivalent per day (BOE/d)i drove solid financial results. The company generated third-quarter cash from operating activities of $2.1 billion and adjusted funds flow of $2.3 billion. Free funds flow of $1.7 billion and strategic refinancing transactions resulted in a reduction in net debt to [Read more]

International Petroleum Corporation third quarter 2021 financial results

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 three and nine months ended September 30, 2021. In addition, IPC is pleased to announce that it has sought approval from the Toronto Stock Exchange (TSX) to commence a normal course issuer bid to repurchase its own common shares through the facilities of the TSX and Nasdaq Stockholm. Q3 [Read more]

Pipestone Energy Corp. announces an upsized credit facility of $280 Million

CALGARY, Alberta - (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to announce that it has successfully increased its Reserve Based Loan (“RBL” or “Credit Facility”) to $280 million, from $225 million previously. The Credit Facility upsize is driven by Pipestone’s efficient execution of its organic development program, resulting in a significant increase to its proved producing reserve value during 2021. The larger credit capacity provides Pipestone with increased [Read more]

Baytex conference call and webcast on third quarter 2021 results to be held on Nov. 5, 2021

CALGARY, Alberta - Baytex Energy Corp. (TSX: BTE) will release its 2021 third quarter financial and operating results after the close of markets on Thursday November 4, 2021. A conference call and webcast will be held on Friday November 5, 2021 to discuss the results: Date: Friday November 5, 2021 Time: 9:00 a.m. MDT (11:00 a.m. EDT) Dial-in: 1-416-915-3239 (Toronto Local and International) 1-800-319-4610 (North America [Read more]

Crew Energy announces successful transition to pure-play Montney producer and record current natural gas production

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 the Q3 sale of our Lloydminster heavy oil asset representing the final step of our strategic transition to a pure-play Montney producer, and provide an operational update highlighted by recent drilling success and production volumes of 30,000 boe1 per day [Read more]

International Petroleum Corporation to release third quarter 2021 financial results on November 2, 2021

International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three and nine months ended September 30, 2021, on Tuesday, November 2, 2021 at 07:30 CEST, followed by a webcast at 09:00 CEST. Watch Mike Nicholson, CEO, and Christophe Nerguararian, CFO, commenting on the third quarter 2021 financial and operating results and the latest developments from IPC. Follow the [Read more]