BOE Report

Gibson Energy announces redemption of 5.25% convertible unsecured subordinated debentures

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta - Gibson Energy Inc. announced today its intention to redeem the entire $99.3 million of principal amount currently outstanding of its 5.25% convertible unsecured subordinated debentures due July 15, 2021 (the “Debentures”). “Through the proactive redemption of the Debentures, we are continuing to optimize our peer-leading capital structure,” said Sean Brown, Senior Vice President and Chief Financial Officer [Read more]

Suncor Energy declares dividend

CALGARY, Alberta - Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.21 per share on its common shares, payable December 24, 2020 to shareholders of record at the close of business on December 3, 2020. 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 brand. A member of Dow Jones Sustainability [Read more]

Birchcliff Energy Ltd. receives TSX approval for renewed normal course issuer bid

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice of Birchcliff’s intention to make a normal course issuer bid (the “NCIB”). The NCIB effectively renews the Corporation’s existing normal course issuer bid which is set to expire on November 24, 2020. The NCIB allows Birchcliff to purchase up to 13,296,936 common shares (representing 5% of its 265,938,729 common shares [Read more]

TransGlobe Energy Corporation announces a corporate update

CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that Shore Capital Stockbrokers Limited (“Shore Capital”) has been appointed as Joint Broker with immediate effect; working alongside the Company's Nominated Adviser and Joint Broker, Canaccord Genuity. About TransGlobe TransGlobe Energy Corporation is a cash flow focused oil and gas exploration and development company whose current activities are concentrated in the Arab Republic of Egypt and Canada. [Read more]

Suncor Energy announces Jean Paul Gladu to join Board of Directors

CALGARY, Alberta - Suncor today announced the appointment of Jean Paul (JP) Gladu to the company’s Board of Directors. Mr. Gladu’s appointment is effective Nov. 17, 2020. “I’m pleased that JP is joining Suncor’s Board of Directors,” said Board Chair Michael Wilson. “For more than 25 years, JP has worked to build relationships among Canada’s natural resource sectors and Indigenous communities and organizations, and environmental non-government organizations. He has played a significant part in [Read more]

TC Energy and Natural Law Energy sign definitive agreement

Provides opportunity to invest up to $1 billion in Keystone XL CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and Natural Law Energy (NLE) today announced they have signed a definitive agreement which allows NLE to make an equity investment of up to $1 billion in the Keystone XL pipeline project. The first phase of the transaction is expected to close in the third quarter of 2021, with the transaction contingent on NLE securing financing. The agreement also contemplates [Read more]

TC Energy to highlight sustainable long-term growth at virtual Investor Day

CALGARY, Alberta - News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will host its annual Investor Day in a virtual format today. The Company will provide a financial update and review strategic plans for its natural gas pipelines, liquids pipelines and power and storage businesses in Canada, the United States and Mexico. “Despite the challenges brought about by COVID-19, our $100 billion portfolio of high-quality, long-life energy infrastructure assets remain [Read more]

Cenovus and Husky to hold special shareholder meetings on proposed Plan of Arrangement

Shareholders asked to vote in favour of board-approved agreement to combine businesses CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and Husky Energy Inc. (TSX: HSE) announce they have filed a joint management information circular dated November 9, 2020 and related meeting and proxy materials, which will be mailed to Cenovus common shareholders and to Husky common shareholders, preferred shareholders and optionholders in connection with the proposed plan of arrangement to create [Read more]

TransGlobe Energy Corporation announces third quarter 2020 financial and operating results for the three and nine months ended September 30, 2020

This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. All dollar values are expressed in United States dollars unless [Read more]

Pieridae announces third quarter results

Key Financial Metrics Increased Year-Over-Year During Ongoing Market Volatility Highlights: Revenue (net of royalties) of $54.6 million in Q3 2020, an increase of $41.4 million or 315% compared to Q3 2019 Net operating income1 (“NOI”) increased by $2.1 million or 76% compared to Q3 2019 Adjusted Funds Flow From Operations1 (“AFFO”) increased by $0.9 million or 13% compared to Q3 2019 Q3 2020 average production was 38,209 barrels of oil equivalent per day (“boe/day”), an increase [Read more]