BOE Report

Suncor Energy reports third quarter 2021 results

CALGARY, Alberta - “In the third quarter of 2021, Suncor generated funds from operations of $2.6 billion, underpinned by strong results from the Refining & Marketing business and including the significant planned turnaround at Oil Sands Base,” said Mark Little, president and chief executive officer. “Since the start of 2021, we have returned $2.6 billion to our shareholders through share repurchases and dividends and have reduced net debt by $3.1 billion, demonstrating significant progress [Read more]

Cenovus to hold Q3 conference call and webcast on Nov. 3

CALGARY, Alberta - Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its 2021 third quarter results on Wednesday, Nov. 3. The news release will provide consolidated third quarter operating and financial information. Financial statements will be available that day on Cenovus’s website. Conference call: 9 a.m. MST (11 a.m. EST) To listen live: 888-254-3590 (North America toll-free) or 647-484-0478 Access the live audio webcast here. Cenovus Energy [Read more]

Equinor third quarter 2021 results

“We capture value from the higher commodity prices and with a solid operational performance we deliver strong results. Strict capital discipline and a very strong net cash flow strengthen our balance sheet and improve our adjusted net debt ratio to 13.2%,” says Anders Opedal, President and CEO of Equinor ASA. “The global economy is in recovery, but we are still prepared for volatility related to the impact of the pandemic. The current unprecedented level and volatility in European gas prices [Read more]

TC Energy releases 2021 Report on sustainability and GHG emissions reduction plan

CALGARY, Alberta - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today the release of its 2021 Report on Sustainability, ESG Data Sheet and GHG Emissions Reduction Plan. Together, these reports provide a comprehensive overview of the Company’s environmental, social and governance (ESG) targets and performance metrics. In addition, these reports highlight TC Energy’s increasing transparency on sustainability matters and the Company’s focus on, and accountability for, [Read more]

PrairieSky announces 2021 third quarter results and sustainability-linked credit facility

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its third quarter operating and financial results for the period ended September 30, 2021 ("Q3 2021"). PrairieSky is also pleased to announce an extension and expansion of the Company’s credit facility which has been reconstituted as a sustainability-linked loan, reinforcing PrairieSky’s environmental, social and governance leadership and performance. Third Quarter 2021 [Read more]

Athabasca Oil Corporation closes US $350 million senior secured notes financing, enters into a C $110 million credit facility and provides strategic update

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) announces that it has closed the issuance of US$350 million of Senior Secured Notes and the syndication of a $110 million reserve based credit facility. Athabasca’s strategy is to position itself as a low leveraged company that will generate significant free cash flow through its low-decline, oil weighted asset base. The refinanced capital structure provides certainty to shareholders of the Company’s [Read more]

Razor Energy Corp. announces closing of private placement

CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce that it has closed its previously announced private placement of common shares of Razor (each, a “Razor Share”) for a subscription price of $0.84 per Razor Share (the “Issue Price”) with Alberta Investment Management Corporation (“AIMCo”), on behalf of certain of its clients, and certain members of management (the “Private Placement”). Pursuant to the Private Placement, AIMCo has subscribed for [Read more]

Energy industry embraces digital technology

CALGARY, Alberta - Alberta Innovates is announcing a new round of funding under its Digital Innovation in Clean Energy (DICE) program. $2.5 million in funding from Alberta Innovates is available, with up to $350,000 available per project. DICE funds the development of artificial intelligence, machine learning, industrial internet of things, augmented reality, and unmanned aerial vehicle technologies for use in Canada’s energy industry. DICE projects will develop technologies and accelerate [Read more]

Petrus Resources announces successful conclusion of TSX listing review

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce the Company has received confirmation from the Toronto Stock Exchange (the “TSX”) that the TSX has completed its review of the Company and determined the Company satisfies the TSX’s applicable requirements for continued listing. This completes the listing review initiated in connection with Petrus’ recently completed private placement and the full settlement of its second lien loan as [Read more]

Suncor Energy to release third quarter 2021 financial results

CALGARY, Alberta - Suncor will release its third quarter financial results on Oct. 27, 2021 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the third quarter will be held on Oct. 28 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Mark Little, president and chief executive officer and Alister Cowan, chief financial officer. A question and answer period with analysts will follow brief remarks from management. Trevor Bell, vice president, Investor Relations will host the [Read more]