BOE Report

Birchcliff Energy Ltd. Announces 2021 Capital Program and Updated Five Year Plan

CALGARY, Alberta, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its 2021 capital program and updated five year plan. “Our priorities over the next five years are to maximize free funds flow generation and strengthen our balance sheet. We believe this strategy will provide us with the most optionality to maximize long-term shareholder returns and take advantage of future opportunities. In furtherance of these [Read more]

TC Energy disappointed with expected executive action revoking Keystone XL presidential permit

CALGARY, Alberta - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the company) announced it is disappointed with the expected action to revoke the existing Presidential Permit for the Keystone XL pipeline. The decision would overturn an unprecedented, comprehensive regulatory process that lasted more than a decade and repeatedly concluded the pipeline would transport much-needed energy in an environmentally responsible way while enhancing North American energy security. The action would [Read more]

Freehold Royalties Ltd. Announces New President and Chief Executive Officer

CALGARY, Alberta, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (“Freehold”) (TSX:FRU) is pleased to announce that it has appointed David Spyker as its new President and Chief Executive Officer. Mr. Spyker joined Freehold as Vice-President, Production in November 2016 and was appointed Chief Operating Officer in March 2019. Since September 2020 Mr. Spyker has served as Freehold's Interim President and Chief Executive Officer. Mr. Spyker has over 30 years of industry experience. He [Read more]

Keystone XL commits to become first pipeline to be fully powered by renewable energy

HOUSTON - Media Advisory - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the company) today announced a new sustainable energy initiative for the Keystone XL Project. The company will achieve net zero emissions across the project operations when it is placed into service in 2023 and has committed the operations will be fully powered by renewable energy sources no later than 2030. This announcement comes after an extensive period of study and analysis, and as part of the company’s ongoing [Read more]

Distinction Energy Corp. (formerly named Delphi Energy Corp.) announces amendment and exercise of warrants issued to Kiwetinohk Resources Corp. and related amendments to Investor Agreement and Management Services Agreement

CALGARY, Alberta, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Distinction Energy Corp. (formerly named Delphi Energy Corp.) (“Distinction” or the “Company”) announces that, effective January 15, 2021, the warrant certificate representing 3,348,799 class A common share purchase warrants of the Company (the “Warrants”) issued to Kiwetinohk Resources Corp. (“KRC”) was amended and restated to, among other things, facilitate an early exercise of the Warrants, which KRC exercised on January 15, 2021 at an [Read more]

Cardinal announces its 2021 operating and capital budget focused on continued debt reduction and asset optimization

CALGARY, Alberta - (CJ:TSX) Cardinal Energy Ltd. ("Cardinal" or the "Company") is pleased to announce that its Board of Directors has approved an operating and capital budget for 2021 that will focus on debt reduction, maintaining production levels and abandonment and reclamation expenditures. Highlights of 2021 Budget Generates adjusted funds flow of $70 to $75 million; Approximately $40 to $45 million or 55% to 60% of adjusted funds flow will be utilized for debt repayment; [Read more]

Freehold Royalties Ltd. declares dividend for January 2021

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.02 per common share to be paid on February 16, 2021 to shareholders of record on January 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]

Petrus Resources announces first quarter 2021 capital budget

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to provide its first quarter capital budget and outlook for 2021. Petrus’ Board of Directors has approved a first quarter 2021 capital budget of $9.0 million to drill three (2.1 net) Cardium wells in the Ferrier area. With the risk of volatility in the price of Canadian light oil and natural gas, the Company believes that it is prudent to maintain a disciplined capital budget that is flexible from an [Read more]

PrairieSky Royalty announces conference call for 2020 annual results

CALGARY, Alberta - PrairieSky will release its annual and Q4 2020 results on Monday, February 8, 2021 after markets close. The news release detailing PrairieSky’s Annual and Q4 2020 results will provide operating and financial information. Financial statements, management’s discussion and analysis and the annual information form 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 [Read more]

Pieridae COO departs company

CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced Chief Operating Officer (“COO”) Tim de Freitas has left the Company effective immediately to pursue other endeavours. “On behalf of Pieridae Energy Limited, I would like to thank Tim for his past contributions, particularly during the purchase of the Shell assets in the fall of 2019, and we wish him well in the future,” said Pieridae CEO Alfred Sorensen. Sorensen will assume COO [Read more]