BOE Report

NuVista Energy Ltd. announces positive second quarter 2021 financial and operating results

CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce financial and operating results for the three and six months ended June 30, 2021, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development.   This was a successful quarter for NuVista, with results that included the continued ramp-up of production in the new Pipestone North compressor station facility, the completion [Read more]

Razor Energy Corp. announces strategic light oil consolidation acquisition in Swan Hills, Alberta enhancing oil & gas, geothermal power, carbon capture, and hydrogen production opportunities

CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce that it has entered into a definitive agreement to acquire certain non-operated working interest assets in its Swan Hills, Alberta core region (the “Assets”) for a total purchase price of $5 million cash, subject to certain closing adjustments (the “Acquisition”). The Assets consist of Swan Hills Unit No. 1 (the “Unit”), Judy Creek Gas Plant (the “Plant”) and South Swan Hills Unit Gas Gathering [Read more]

International Petroleum Corporation second quarter 2021 financial results and sustainability report 2020

TORONTO - 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 six months ended June 30, 2021. IPC also released its Sustainability Report 2020, which details the Corporation's environmental, social and governance (ESG) performance. Q2 2021 Business and Financial Highlights Average net production of approximately 44,600 [Read more]

Petrus Resources announces extension to credit agreements

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from July 30, 2021 to August 13, 2021. The Company's second lien term loan provider has also agreed to extend the maturity date of the Company's second lien term loan from September 30, 2021 to October 14, 2021. The Company continues to be in discussions with the bank syndicate on a [Read more]

Cenovus generates $1.8 Billion in adjusted funds flow in Q2 2021

Delivers free funds flow of $1.3 billion CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continues to demonstrate the strengths of the company’s integrated portfolio in its second quarter results, generating cash from operating activities of $1.4 billion, adjusted funds flow of $1.8 billion and free funds flow of $1.3 billion, supporting a reduction in net debt of nearly $1 billion since March 31, 2021. Total production of nearly 770,000 barrels of oil equivalent per day (BOE/d) [Read more]

TC Energy reports strong second quarter financial results

Well positioned to secure future growth opportunities as energy transition evolves CALGARY, Alberta - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for second quarter 2021 of $982 million or $1.00 per share compared to net income of $1.3 billion or $1.36 per share for the same period in 2020. Comparable earnings for second quarter 2021 were $1.0 billion or $1.07 per common share compared to $863 million or $0.92 per [Read more]

TC Energy declares quarterly dividends

CALGARY, Alberta, July 29, 2021 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.87 per common share for the quarter ending September 30, 2021 on the Company’s outstanding common shares. The common share dividend is payable on October 29, 2021 to shareholders of record at the close of business on September 30, 2021. The Board also declared quarterly [Read more]

International Petroleum Corporation to release Second Quarter 2021 Financial Results on August 3, 2021

TORONTO - 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 six months ended June 30, 2021, on Tuesday, August 3, 2021 at 07:30 CEST, followed by a webcast at 09:00 CEST. Watch Mike Nicholson, CEO, and Christophe Nerguararian, CFO, commenting on the second quarter 2021 financial and operating results and the latest developments from IPC. Follow the [Read more]

Suncor Energy reports second quarter 2021 results

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, except for production values from the company's Libya operations, which are [Read more]

Athabasca Oil Corporation announces 2021 second quarter results

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2021 second quarter results that demonstrate the quality of its asset base. Athabasca is advancing the refinancing of its debt that will allow shareholders to capture unparalleled cashflow generation potential from its long reserve life, oil weighted asset base. Q2 Highlights Production: ~34,650 boe/d including ~26,450 bbl/d in Thermal Oil and ~8,200 boe/d in Light Oil. [Read more]