BOE Report

Questerre files application for carbon storage reservoir test

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported it has filed an application with the Ministry of Energy and Natural Resource in Quebec to test a reservoir for carbon storage potential. The operation will consist primarily of an injectivity test to gather data on both the safe rate of injection and storage potential. The Company identified the storage formation earlier this year after studying its proprietary seismic and well data. The [Read more]

TC Energy adjusts timing of certain Cumulative First Preferred Shares Dividends

CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced the following adjustments to its previously announced timing for quarterly dividend payments on its outstanding Cumulative First Preferred Shares Series 1, Series 2, Series 3 and Series 4. These adjustments are the result of a newly created Canadian federal statutory holiday, the National Day for Truth and Reconciliation, to be recognized on Sept. 30, 2021. The payment date for the [Read more]

Cenovus announces the pricing terms of its pending maximum tender offer

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced the pricing terms of its previously announced cash tender offer (the “Maximum Tender Offer”) for up to an increased maximum aggregate purchase price of $1,250,000,000 (such increased aggregate purchase price, the “Maximum Aggregate Purchase Price”) of its outstanding 3.800% Notes due 2023 (the “2023 Notes”), its outstanding 4.000% Notes due 2024 (the “2024 Notes”), its outstanding 5.375% Notes due 2025 (the “2025 [Read more]

Cenovus announces the early tender results and increase of its pending maximum tender offer

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced the early tender results of its previously announced cash tender offer (the “Maximum Tender Offer”) and that it has increased the maximum aggregate purchase price for the Maximum Tender Offer from up to a maximum aggregate purchase price of $1,000,000,000 to up to a maximum aggregate purchase price of $1,250,000,000 (such increased aggregate purchase price, the “Maximum Aggregate Purchase Price”) of its outstanding [Read more]

Petrus closes $10 million private placement and full settlement of second lien loan

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce that it has completed the previously announced transactions (the “Transactions”) that will significantly reduce the Company's total debt and also extend the maturity date of the Company’s senior secured credit facility (the "First Lien Loan"). Pursuant to the Transactions, the Company’s subordinated secured term loan (the "Second Lien Loan"), in the principal amount of approximately $39.3 [Read more]

Kiwetinohk Resources completes strategic combination with Distinction Energy to form Kiwetinohk Energy

CALGARY, Alberta - Kiwetinohk Energy Corp. ("Kiwetinohk" or the “Corporation”) is pleased to announce that it has emerged, as prescribed, from the closure of the business combination of Kiwetinohk Resources Corp. ("KRC") and Distinction Energy Corp. ("Distinction") (the "Business Combination"). The Business Combination creates a larger, more efficient and diversified integrated energy company that is positioned to compete in the transition of energy sources with lower associated emissions of [Read more]

FNMPC and Miawpukek First Nation will work together to increase equity participation in LNG Newfoundland & Labrador project

ST. JOHN’S, Newfoundland - The First Nations Major Projects Coalition (FNMPC) and Miawpukek First Nation (MFN) are proud to announce plans to work together towards increased equity participation in the LNG Newfoundland & Labrador Limited project (LNG NL), representing the first ever First Nations equity participation in an offshore energy project in Newfoundland and Labrador. Additionally, the equity participation agreement provides valuable contracts and exciting long term jobs for the [Read more]

Freehold Royalties Ltd. announces closing of equity financing

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that it has completed its previously announced bought deal equity financing, issuing 19,067,000 subscription receipts (Subscription Receipts) at a price of $9.05 per Subscription Receipt for gross proceeds of approximately $173 million, which included the full exercise of the over-allotment option granted to the underwriters. The bought deal offering was completed through a syndicate of underwriters led by RBC Capital [Read more]

Cenovus to redeem its 3.950% notes due April 15, 2022 and 3.000% notes due Aug. 15, 2022

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that on October 20, 2021 (the “Redemption Date”) it will redeem the entire outstanding principal amount of its 3.950% notes due April 15, 2022 and 3.000% notes due August 15, 2022 (collectively, the “Notes”). Cenovus has issued notices to the trustees of the Notes to redeem the Notes on the Redemption Date. On the Redemption Date, Cenovus will pay to the registered holders of the Notes a redemption price calculated in [Read more]

Freehold Royalties Ltd. declares dividend for September 2021

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.05 per common share to be paid on October 15, 2021 to shareholders of record on September 30, 2021. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol [Read more]