BOE Report

NuVista Energy Ltd. executes non-core divestitures, reduces debt significantly, and provides production and operations update

CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce the divestiture of its non-core Charlie Lake and Cretaceous Unit assets (the "Wembley Assets") in the Wembley area, as well as selected water infrastructure assets (the "Infrastructure Assets") in the Wembley/Pipestone area, for total proceeds of $94 million prior to adjustments. There is no change to NuVista’s ownership in our core Montney assets in Pipestone, Wapiti, and the surrounding area, [Read more]

Petrus Resources announces year end 2020 financial, operating & reserves results; significant net debt reduction

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 and twelve months ended December 31, 2020 and to provide 2020 year end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The Company's Management's Discussion and Analysis ("MD&A") and audited consolidated financial statements are available on SEDAR (the System for Electronic Document Analysis and Retrieval) at [Read more]

Suncor Energy announces Russ Girling to stand for election to Board of Directors

CALGARY, Alberta, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Suncor today announced that Russ Girling will stand for election to the Suncor Board of Directors at the company’s next Annual General Meeting to be held on May 4, 2021. “With an extensive career in the energy industry spanning 35 years, I’m pleased that Russ Girling has agreed to stand for election to Suncor’s Board of Directors,” said Board Chair Michael Wilson. “Russ is well known in the North American energy industry and broader business [Read more]

Baytex announces fourth quarter and full year 2020 financial and operating results and year end 2020 reserves

CALGARY - Baytex Energy Corp. ("Baytex") (TSX: BTE) reports its operating and financial results for the three months and year ended December 31, 2020 (all amounts are in Canadian dollars unless otherwise noted). “In 2020, we responded aggressively to the downturn brought on by Covid-19, improved our cost structure and capital efficiencies, exceeded our GHG emissions intensity target, and enhanced our overall sustainability. The strong recovery in commodity prices in early 2021 has us on track [Read more]

Distinction Energy Corp. announces closing of private placement

CALGARY - Distinction Energy Corp. (formerly named Delphi Energy Corp.) (“Distinction” or the “Corporation”) is pleased to announce the closing of a brokered private placement and a non-brokered private placement (collectively, the “Offering”) of an aggregate of 265,331 special warrants of the Corporation (“Special Warrants”) issued at a price of $15.00 per Special Warrant for gross proceeds of $3,979,965. The Special Warrants were issued pursuant to, and are governed by, a special warrant [Read more]

Prairie Provident announces year-end 2020 reserves

CALGARY, Alberta - Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2020 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2020 (the “Sproule Report”). With recent commodity price recovery and additional liquidity provided by our lender, Prairie Provident has restarted its development program focusing on the Glauconite and Ellerslie [Read more]

Birchcliff Energy Ltd. announces declaration of quarterly common share and preferred share dividends

CALGARY, Alberta, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending March 31, 2021: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.005 Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375 Cumulative Redeemable Preferred Shares, Series [Read more]

Gibson Energy announces 2020 fourth quarter and year-end results and announces a dividend increase

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta - Gibson Energy Inc. announced today its financial and operating results for the three months and fiscal year ended December 31, 2020. “Gibson proved very resilient through a challenging year for our industry, a result of our strategic focus on long-term, stable Infrastructure cash flows, maintaining a strong balance sheet and not relying on variable businesses to fund our dividend nor capital program,” [Read more]

TC Energy affirms 0.70 share-for-unit exchange ratio in definitive agreement to acquire all outstanding common units of TC PipeLines, LP

CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today responded to a unitholder’s recent assertion of the inadequacy of the exchange ratio in the definitive agreement to acquire all of the outstanding common units of TC PipeLines, LP (NYSE:TCP) (TCP or the Partnership) not beneficially owned by TC Energy or its affiliates. The exchange ratio of 0.70 of a TCE common share for each TCP common unit represents a 20.8 per cent premium to the TCP closing price before the [Read more]

Falcon Oil & Gas Ltd. – assignment of Canadian working interests

Falcon Oil & Gas Ltd. (TSXV: FO) has agreed to assign its working interest in three gross producing wells and one gross shut-in well and associated infrastructure in Alberta, Canada to a large Canadian-based company. These wells have been loss making and have generated minimal revenues to Falcon over the last number of years. Collective revenues for nine months to September 2020 were US$3,000 and the associated costs for the same period were US$6,000. For the 12 months to December 2019 [Read more]