BOE Report

Cenovus reports 2020 fourth-quarter and full-year results

CALGARY - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) responded to extreme oil price volatility in 2020 by quickly reducing capital spending as well as strategically managing oil sands production and purchasing curtailment credits to achieve increased output when prices were more favourable. The company generated positive free funds flow in the fourth quarter, partially offsetting the impact of low oil prices on its full-year results. Cenovus’s planned combination with Husky Energy, announced in [Read more]

Husky Energy files 2020 Q4 and annual financials

CALGARY - Husky Energy Inc., a wholly-owned subsidiary of Cenovus Energy Inc., will be filing today its 2020 fourth quarter and annual audited consolidated financial statements, Management’s Discussion & Analysis and Annual Information Form with Canadian securities regulatory authorities. These documents will be available on SEDAR at sedar.com and on the Husky website at huskyenergy.com. Husky will also be filing today its Annual Report on Form 40-F for the year ended December 31, 2020 with [Read more]

PrairieSky announces 2020 fourth quarter and year end results, a royalty asset acquisition, and an 8% dividend increase

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its fourth quarter ("Q4 2020") and year-end operating and financial results for the period ended December 31, 2020, which demonstrate the benefits of a low-cost, high margin business that delivers free cash flow through all commodity cycles, a royalty asset acquisition, and a dividend increase. Royalty Asset Acquisition and Dividend Increase: • PrairieSky has entered into a [Read more]

Razor Energy Corp. announces interim extension of term loan facility

CALGARY, Alberta - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) announces that it has secured a further interim extension to its existing non-revolving term loan facility from Alberta Investment Management Corporation (“AIMCo”). The Company has reached an agreement with AIMCo to extend the maturity date from February 5, 2021 to February 16, 2021 in order to complete necessary documents and registrations related to an extension of the facility. For additional information please [Read more]

Cardinal Energy Ltd. announces notice of redemption of 8% convertible debentures

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ; CJ.DB.A) is pleased to announce that it is issuing a notice of redemption to holders of its currently outstanding $28,207,000 8% Convertible Unsecured Subordinated Debentures due December 31, 2022 (the "Debentures"). The Debentures are not subject to a pre-payment penalty. As set out in the notice of redemption, Cardinal will redeem, as of March 11, 2021 ("Redemption Date"), all of the aggregate principal amount [Read more]

Suncor Energy reports fourth quarter 2020 results

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards, specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, except for production volumes from the company’s Libyan operations, which are presented on an [Read more]

Suncor Energy declares dividend

All financial figures are in Canadian dollars. CALGARY, Alberta - Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.21 per share on its common shares, payable March 25, 2021 to shareholders of record at the close of business on March 4, 2021. Suncor Energy is Canada’s leading integrated energy company. Suncor’s operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada [Read more]

Zargon Oil & Gas Ltd. completes transactions approved under Canadian bankruptcy proceedings; Blue Sky Resources Ltd. becomes sole shareholder

CALGARY, Alberta - Zargon Oil & Gas Ltd. ("Zargon" or the "Corporation") announces that it has completed certain transactions contemplated by a Bankruptcy and Insolvency Act (Canada) proposal (the "Proposal") filed by Zargon, Zargon Oil & Gas Partnership (“Zargon Partnership”) and Zargon U.S. Holdings Ltd. (“Zargon US”), through their proposal trustee MNP Ltd. The Proposal provides for, among other things, the compromise and settlement of claims of creditors of Zargon, Zargon Partnership [Read more]

Razor Energy Corp. announces interim extension of term loan facility

CALGARY, Alberta - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) announces that it has secured an interim extension to its existing non-revolving term loan facility from Alberta Investment Management Corporation (“AIMCo”). The Company has reached an agreement with AIMCo to extend the maturity date from January 31, 2021 to February 5, 2021 in order to complete necessary documents and registrations related to an extension of the facility. [Read more]

TC Energy to issue fourth quarter results February 18

CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) will hold a teleconference and webcast on Thursday, February 18, 2021 to discuss its fourth quarter 2020 financial results, which will be released pre-market. François Poirier, TC Energy President and Chief Executive Officer; Don Marchand, Executive Vice-President, Strategy & Corporate Development and Chief Financial Officer; and other members of the executive leadership team will discuss the financial results and [Read more]