BOE Report

InPlay Oil Corp. announces 2021 capital budget and guidance and provides an operations update with production guidance exceeding pre-COVID 2019 production levels

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that its Board of Directors has approved a $23 million capital program for 2021 with forecast average production of 5,100 – 5,400 boe/d (69% oil and liquids). InPlay enters 2021 coming out of one of the most challenging years that our industry has experienced as a result of the price capitulation (with 2020 West Texas Intermediate (“WTI”) averaging USD $39.30/bbl) and capital [Read more]

Devon Energy achedules fourth-quarter and full-year 2020 earnings release and conference call

OKLAHOMA CITY - Devon Energy Corp. (NYSE: DVN) today announced it will report fourth-quarter and full-year 2020 results on Tuesday, Feb. 16, after the close of U.S. financial markets. The earnings release and presentation for the fourth-quarter and full-year 2020 results will be available on the company’s website at www.devonenergy.com. On Wednesday, Feb. 17, the company will hold a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time), which will consist primarily of answers [Read more]

Freehold Royalties Ltd. announces closing of U.S. royalty assets

CALGARY, Alberta - Freehold Royalties Ltd. (“Freehold”) (TSX:FRU) announces that it has closed its previously announced acquisition of diversified, high quality, U.S. royalty assets (the “Acquired Assets”) for US$58 million (the “U.S. Royalty Transaction”). The Acquired Assets will play a key role in strengthening the resiliency of Freehold’s portfolio, enhancing the near-term and long-term sustainability of Freehold’s dividend and providing option value to return capital to shareholders through [Read more]

PrairieSky Recognized as a Global Sustainability Leader in Newly Released ESG Rankings

CALGARY, Alberta - PrairieSky Royalty Ltd. (TSX: PSK) (“PrairieSky” or the “Company”), Canada’s leading energy royalty business, is pleased to announce that during 2020 it received high scores from several globally recognized rating agencies, including CDP and Sustainalytics, for demonstrating outstanding performance in environmental stewardship, social responsibility, and governance (ESG). “As a leading Canadian royalty business, we understand the important role we play in taking action to [Read more]

Suncor to record impairment charge on White Rose assets

All financial figures are in Canadian dollars. CALGARY, Alberta - Suncor today advised that it will record in the fourth quarter of 2020 a non-cash after-tax impairment charge of approximately $425 million on its share of the White Rose asset and West White Rose Project. While the asset is currently producing, the West White Rose Project was intended to access 200 million barrels (gross) of crude oil and extend the life of the White Rose field by approximately 14 years. However, the recent [Read more]

Cenovus closes transaction to combine with Husky

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is pleased to announce that its strategic combination with Husky Energy Inc. has closed. The transaction creates a resilient integrated energy leader that is well positioned to provide superior returns for investors over the long term, as well as strong environmental, social and governance (ESG) performance. The transaction was completed through a definitive arrangement agreement announced on October 25, 2020 under which Cenovus [Read more]

Razor Energy Corp. announces deferral of interest payment

CALGARY, Alberta - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) is announcing that it will be deferring the scheduled December 31, 2020 interest payment to the Alberta Investment Management Corporation (“AIMCo”) under the existing $47.7 million Term Loan Facility (the “Amended Term Loan Facility”). The interest will be capitalized, adding to the principal of the existing Amended Term Loan Facility. The Amended Term Loan Facility matures on January 31, 2021 and bears an interest [Read more]

TC Energy provides conversion right and dividend rate notice for Series 5 and 6 preferred shares

CALGARY, Alberta, Dec. 31, 2020 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced today that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 5 (Series 5 Shares) and Cumulative Redeemable First Preferred Shares, Series 6 (Series 6 Shares) on January 30, 2021. As a result, subject to certain conditions: (a)   the holders of Series 5 Shares have the right to choose one of the following [Read more]

Cardinal Energy Ltd. announces closing of private placement

CALGARY, Alberta- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) announces that it has closed the non-brokered private placement (the "Private Placement") of 2nd lien secured notes for gross proceeds of $16,244,000 and 8,122,000 units (the "Units") at a subscription price of $0.50 per Unit for proceeds of $4,061,000 as announced on December 2, 2020. The proceeds from the Private Placement will be used to repay Cardinal's outstanding 5.50% convertible subordinated debentures which [Read more]

TransGlobe Energy Corporation announces Director/PDMR Shareholdings

CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that it was notified on December 22, 2020 that Steven Sinclair acquired common shares as follows.  PDMR Date of Acquisition Number of Common Shares Acquired Price Number of Common Shares held following the transaction % of Company's issued share capital held  Steven Sinclair December 22, 2020 25,000 CAD $1.1374 75,000 0.103% Notification of a [Read more]