BOE Report

Sale of Cenovus’s Marten Hills oil assets to Headwater Exploration closes

CALGARY, Alberta - Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) and Headwater Exploration Inc. (TSX:HWX) are pleased to announce the closing of the acquisition by Headwater of Cenovus's assets in the Marten Hills area of Alberta. Pursuant to the transaction, Headwater acquired a 100% working interest in approximately 2,800 barrels per day of medium gravity oil production and 270 net sections of Clearwater rights. The total consideration paid by Headwater to Cenovus for the transaction consists [Read more]

TC Energy redirects holiday party funds to support non-profits this holiday season

The company donates more than C$5 million to COVID-19 relief efforts in 2020 CALGARY, Alberta - Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced that, throughout 2020, it has proudly donated more than C$5.2 million to non-profit organizations impacted by the COVID-19 pandemic across North America, including more than C$1 million to support non-profit organizations this holiday season. Through its giving initiatives, TC Energy aims to help non-profit [Read more]

Suncor Energy announces 2021 production outlook and capital allocation

CALGARY, Alberta - Suncor released its 2021 corporate guidance today which reflects its capital allocation framework and includes: average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d); expected debt repayment in 2021 of between $500 million and $1.0 billion; a capital program of between $3.8 and $4.5 billion (sustaining capital of $2.9 to $3.4 billion which includes In Situ well pads); and $500 million share repurchase program for the fiscal [Read more]

Razor Energy Corp. announces third quarter 2020 results

CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its third quarter 2020 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the quarter ended September 30, 2020 which are available on SEDAR at www.sedar.com and the Company’s website www.razor-energy.com. Q3 [Read more]

Marksmen announces Q3 2020 filings on SEDAR

CALGARY, Alberta - Marksmen Energy Inc. (TSXV: MAH) (OTCQB: MKSEF) (“Marksmen” or the “Company”) announces that it has filed disclosure documents for the three and nine-months ended September 30, 2020 on SEDAR as listed below: Unaudited Financial Statements Management’s Discussion and Analysis CEO certificate of interim filings CFO certificate of interim filings These documents can be found in Marksmen’s disclosure documents on the SEDAR website at www.sedar.com. For [Read more]

Delphi Energy Corp. files third quarter 2020 results

CALGARY, Alberta - Delphi Energy Corp. (“Delphi” or the “Company”) announces that it has filed its interim financial statements and related management’s discussion and analysis for the three and nine months ended September 30, 2020 with the Canadian securities regulatory authorities on SEDAR. About Delphi Energy Corp. Delphi Energy Corp. is an industry-leading producer of liquids-rich natural gas.  The Company has achieved top decile results through the development of our high quality Montney [Read more]

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

CALGARY, Alberta - 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 December 31, 2020: 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 C BIR.PR.C $0.4375 The dividends are [Read more]

Cardinal Energy Ltd. announces update on credit facility

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal") (TSX: CJ) Cardinal is pleased to announce it has agreed to a term sheet reflecting extensive discussions with certain existing and new lenders that would provide Cardinal with longer term certainty around its credit facility. These terms are still awaiting formal approvals from the involved parties which are expected to be received by December 15, 2020. Based on the term sheet, the credit facility is expected to be renewed for $225 million [Read more]

Suncor to assume operatorship of Syncrude by end of 2021

CALGARY, Alberta - Suncor, as 58.74% owner of the Syncrude Joint Venture, announced today that it, together with the other Syncrude joint venture owners – Imperial Oil Resources Limited, CNOOC Oil Sands Canada and Sinopec Oil Sands Partnership – have agreed in principle for Suncor to become the operator of the Syncrude project by the end of 2021. The agreement still requires formal approval from each of the owners. “This presents a significant strategic opportunity for Syncrude and the joint [Read more]

Cenovus and Husky announce leadership team for combined company

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and Husky Energy Inc. (TSX: HSE) are pleased to announce the executive leadership team that is expected to lead the combined company created through the strategic combination of Cenovus and Husky announced on October 25, 2020. “We believe it is important to move forward and establish the leadership team for the combined company to ensure we are well-positioned to begin capturing the synergies of this deal immediately after closing,” [Read more]