BOE Report

CER analysis shows the U.S. continues to be major supplier of oil to Canada while imports dropped in 2020

CALGARY, Alberta - The United States supplied nearly four out of every five barrels of oil imported into Canada in 2020 while crude imports fell 20 percent due to lower demand during the COVID-19 pandemic, according to the latest analysis from the Canada Energy Regulator (CER). Imports of crude oil decreased to 555,000 barrels per day (b/d), down from 693,000 b/d in 2019 with 77 per cent of total crude imports coming from the U.S. in 2020, up from 72 per cent in 2019. Of the remaining crude [Read more]

Independent proxy advisory firms recommend Baytex shareholders vote for all proposed items at upcoming AGM

CALGARY, Alberta - Baytex Energy Corp. ("Baytex") (TSX: BTE) will hold its 2021 annual general meeting (the "Meeting") by way of a virtual meeting on Thursday, April 29, 2021 at 3 p.m. (MST). We are pleased to announce that the two leading independent proxy advisory firms that provide voting recommendations to institutional investors, Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have each recommended shareholders vote FOR in respect of all [Read more]

TC Energy announces issuance of renewable energy Request for Information

HOUSTON, April - TC Energy Corporation (TSE, NYSE: TRP) (TC Energy or the Company) announced today that it is seeking, through the issuance of a Request for Information (RFI), to identify potential contract and/or investment opportunities in wind energy projects that could generate up to 2,500,000 megawatt hours per year or 620 megawatts of zero-carbon energy to meet the electricity needs for a portion of its pipeline assets along its U.S. corridor. The RFI, issued by Marathon Capital [Read more]

Cenovus announces commencement of consent solicitation with respect to Cenovus’ 6.80% notes due 2037

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has commenced a consent solicitation (the “Consent Solicitation”) with respect to a proposed amendment to the pledge agreement (the “2037 Notes Pledge Agreement”) in respect of Cenovus’s outstanding 6.80% Notes due 2037 (the “2037 Notes”). The 2037 Notes were issued under an indenture, dated as of September 11, 2007 (as supplemented and amended, the “Indenture”) between Cenovus (as successor by amalgamation to [Read more]

Petrus announces renewed focus and new management

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce that Mr. Ken Gray has been appointed as President and Chief Executive Officer of Petrus.  Mr. Gray is a Petroleum Engineer from Texas A&M with extensive experience in Canada, the North Sea and Alaska and is currently President of a private oil and gas company with operations in Alberta. Mr. Neil Korchinski has resigned as President, CEO and a Director of the Company.  Petrus would like [Read more]

Pieridae announces issuance of warrants

Announcement is a Vote of Confidence in the Company CALGARY - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) announced today it has granted 5,000,000 common share purchase warrants ("Warrants") to Erikson National Energy Inc. ("Erikson"). Each Warrant shall be exercisable to purchase one fully paid and non-assessable common share in the capital of Pieridae at an exercise price equal to CAD$0.70 per common share. The expiration date of the Warrants is March 31, 2026. As part of [Read more]

Shell first quarter 2021 update note

The Hague, April 7, 2021 − This is an update to the first quarter 2021 outlook provided in the fourth quarter results announcement on February 4, 2021. The impacts presented here may vary from the actual results and are subject to finalisation of the first quarter 2021 results. Unless otherwise indicated, presented impacts relate to Adjusted Earnings on a post-tax basis. The Texas winter storm had an impact on our operations and is expected to have an aggregate adverse impact of up to $200 [Read more]

Questerre and ZEG Power sign letter of intent for blue hydrogen

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) is pleased to announce a letter of intent (the “LOI”) with ZEG Power AS (“ZEG Power”), a private Norwegian company, to evaluate their proprietary leading edge blue hydrogen technology for the Company’s Clean Tech Energy project in Quebec. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We believe hydrogen will become a cornerstone of the emerging circular economy. As we move from near [Read more]

PrairieSky Royalty announces conference call for Q1 2021 results

CALGARY, Alberta - PrairieSky will release its Q1 2021 results on Monday, April 19, 2021 after markets close. The news release detailing PrairieSky’s Q1 2021 results will provide operating and financial information. Financial statements along with management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR at www.sedar.com. A conference call to discuss the results will be held for the investment community on Tuesday, April 20, 2021 [Read more]

Distinction Energy Corp. announces changes to executive officers

CALGARY, Alberta - Distinction Energy Corp. (“Distinction” or the “Company”) announces that, effective April 5, 2021 and pursuant to previously disclosed plans to rebuild Distinction from last year’s CCAA process, the executive officers of the Company have been reconstituted as follows: Mr. Timothy Schneider has resigned as President and Chief Executive Officer and Mr. Patrick Carlson has been appointed President and Chief Executive Officer of the Company in his place. Mr. Carlson has over [Read more]