BOE Report

Crew Energy Inc. announces annual meeting results for election of directors

CALGARY, Alberta - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") today announces the voting results for the election of directors at its annual general and special meeting of shareholders held on May 20, 2021 (the "Meeting"). Each of the six nominees proposed by Crew and as set forth in the Information Circular – Proxy Statement provided to shareholders in connection with the Meeting were elected as directors, with common shares represented at the Meeting voting in favour of individual [Read more]

PrairieSky Receives TSX approval for renewed normal course issuer bid

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of PrairieSky's intention to commence a normal course issuer bid (the "NCIB"). PrairieSky previously purchased an aggregate of 9,934,091 common shares at a weighted average price per share of $9.58 under a normal course issuer bid that ran between May 19, 2020 and May 18, 2021. On April 19, 2021, PrairieSky announced [Read more]

Suncor Energy to hold investor day

CALGARY, Alberta - Suncor will host an Investor Day online at 8 a.m. MT (10 a.m. ET) on May 26, 2021. During the presentation, Suncor will share its medium-term corporate outlook, provide an update on the progress to date of its $2B of free funds flow generation as well as discuss other strategic objectives. Participants will need access to the internet for the full duration of the meeting. The event will consist of a two-hour presentation, followed by a one-hour question and answer [Read more]

Cenovus sells Marten Hills royalty interest for more than $100 million

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has sold its gross overriding royalty (GORR) in the Marten Hills area of Alberta to Topaz Energy Corp. for gross cash proceeds of $102 million. The sale successfully closed today with a May 1, 2021 effective date. Cenovus will use the sale proceeds to reduce net debt, consistent with its commitment to use non-core asset sales to accelerate deleveraging to achieve the company’s interim net debt target of $10 billion. “This [Read more]

Birchcliff Energy Ltd. announces voting results from 2021 annual meeting of shareholders

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that at its Annual Meeting of Shareholders held on May 13, 2021 (the “Meeting”), shareholders elected all five of the proposed nominees listed in Birchcliff’s information circular dated March 24, 2021 (the “Information Circular”). In addition, shareholders approved all other matters voted upon at the Meeting. The matters voted upon at the Meeting were discussed in detail in the Information Circular, a [Read more]

Cardinal Energy Ltd. announces first quarter 2021 financial results and increased 2021 budget

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operating and financial results for the first quarter ended March 31, 2021. Selected financial and operating information is shown below and should be read in conjunction with Cardinal's unaudited condensed interim financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2021 which are available at www.sedar.com and on our website at [Read more]

Peyto Exploration & Development Corp. announces results of directors vote

CALGARY, Alberta - Peyto Exploration & Development Corp. (TSX – PEY) ("Peyto") is pleased to announce that the nominees listed in the information circular – proxy statement dated March 30, 2021 were elected as directors of Peyto at Peyto's annual meeting of shareholders (the "Meeting") held today, May 13, 2021. The detailed results of the vote for the election of directors held at the Meeting are set out below. Election of Directors On a vote by ballot, each of the following seven [Read more]

Pieridae releases Q1 2021 results

Key Highlights: Natural gas production of 215 mmcf/day in Q1 2021, the highest quarterly production in our Company’s history Production of 43,997 boe/day, an increase of 7% compared to the same quarter in 2020 Petroleum and natural gas revenue was $81.9 million, an increase of $17.1 million or 26% compared to the same quarter in 2020 Cash flow from operations of $11.0 million Net Operating Income1 (“NOI”) of $20.9 million increased by 9%, and Adjusted Funds Flow From Operations1 [Read more]

Petrus Resources announces first quarter 2021 financial & operating results

CALGARY, Alberta - Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2021. Petrus is focused on generating free cash flow for debt repayment and further development of its Ferrier Cardium asset. Following extreme market volatility throughout 2020, the first quarter of 2021 brought encouraging signs of rebalancing. Global economies continue to recover, bolstering demand and improving [Read more]

Cenovus reports voting results of election of directors

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on May 12, 2021, each of the 12 nominees proposed as Directors and listed in its Management Information Circular dated March 15, 2021 were elected as Directors. The detailed results of the vote are set out below. Nominee Votes for Votes withheld Number Percent Number Percent Keith M. Casey 1,629,920,383 98.97 16,903,774 1.03 Canning K.N. [Read more]