BOE Report

Baytex releases 2020 ESG report and appoints Chief Operating and Sustainability Officer

CALGARY, Alberta- Baytex Energy Corp. (TSX: BTE) today released its 2020 Environment, Social and Governance (“ESG”) Report, which demonstrates our commitment to transparency and accountability, and shows our progress in managing the environmental and social impacts of our business. The report is available on the Baytex website at www.baytexenergy.com. “We are proud to share Baytex’s fifth biennial ESG report, formerly called our Corporate Sustainability Report. While the name has changed, we [Read more]

Spartan Delta Corp. announces strategic Montney acquisition, $150 million equity financing, $450 million credit facility and $150 million term facility

CALGARY, Alberta - Spartan Delta Corp. ("Spartan" or the "Company") (TSXV:SDE) is pleased to announce that it has entered into a definitive agreement (the "Agreement") to acquire Velvet Energy Ltd. ("Velvet"), a privately held light-oil Montney producer with operations primarily in the Gold Creek, Karr and Pouce Coupe areas of north-west Alberta (the "Velvet Assets") for total consideration of approximately $743.3 million(1) (the "Acquisition"). The Acquisition will be funded by a combination [Read more]

Baytex announces second quarter 2021 financial and operating results, free cash flow of $112 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 six months ended June 30, 2021 (all amounts are in Canadian dollars unless otherwise noted). "During the second quarter, we delivered strong operating results and substantial free cash flow. Our free cash flow profile continues to improve resulting in accelerated debt reduction. We are taking proactive measures to reduce our net debt with the repurchase and cancellation of [Read more]

Pieridae Energy Limited announces initiation of strategic review process

Appoints Interim Chief Financial Officer CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced the Company has initiated a formal process to identify, examine and consider a range of strategic alternatives with a view to enhancing shareholder value. Such strategic alternatives may include, but are not limited to, a corporate sale, merger, a sale of a material portion of Pieridae’s assets or other transactions. Pieridae is also pleased to announce [Read more]

NuVista Energy Ltd. announces closing of $230 million private placement of senior unsecured notes

CALGARY, Alberta- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) announced today that it has completed its previously announced private placement of $230 million aggregate principal amount of 7.875% senior unsecured notes due July 23, 2026 (the "Notes"). The Notes were offered through a syndicate of underwriters led by CIBC Capital Markets and RBC Capital Markets, as joint book runners, Scotiabank, as co-lead manager, and ATB Capital Markets, BMO Capital Markets and Peters & [Read more]

Cenovus to buy renewable power from Cold Lake First Nations, Elemental Energy partnership

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has entered into a power purchase agreement (PPA) to buy solar-power produced electricity and the associated emissions offsets from a partnership between Cold Lake First Nations (CLFN) and Elemental Energy Inc., helping Cenovus advance two of its environmental, social & governance (ESG) focus areas by addressing climate & greenhouse gas (GHG) emissions as well as further supporting Indigenous reconciliation through economic [Read more]

PrairieSky announces 2021 second quarter results, Clearwater Royalty acquisition and 38% dividend increase

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its second quarter ("Q2 2021") operating and financial results for the period ended June 30, 2021, $155.0 million Clearwater royalty acquisition and a 38% dividend increase. Clearwater Royalty Acquisition and Dividend Increase PrairieSky has acquired a 5% gross overriding royalty on over 76,000 acres of Clearwater lands in the core Marten Hills area. The acquisition provides [Read more]

Cardinal Energy Ltd. announces closing of acquisition

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce it has successfully closed the previously announced acquisition of Venturion Oil Limited ("Venturion"). Consideration consisted of the issuance of 6.3 million Cardinal common shares and approximately $27.5 million of cash, subject to certain holdbacks. Peters and Co. Limited acted as strategic advisor to Cardinal with respect to the acquisition. Concurrently, the Company closed the $12.5 [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 14, 2021 to July 30, 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 14, 2021 to September 30, 2021. The Company continues to be in discussions with the bank syndicate on a [Read more]

Freehold Royalties Ltd. declares dividend for July 2021

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.04 per common share to be paid on August 16, 2021 to shareholders of record on July 31, 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 FRU. For [Read more]