BOE Report

Devon Energy provides Barnett update, announces special dividend and outlines next steps in cost-reduction plan

KEY HIGHLIGHTS Accelerating Barnett Shale closing to Oct. 1, 2020, from previously scheduled date of Dec. 31, 2020 Board of directors declares a $100 million special dividend in conjunction with Barnett closing Expect to achieve $300 million of sustainable cash cost savings by year-end Plan to use cash on hand to repurchase up to $1.5 billion of additional debt OKLAHOMA CITY - In conjunction with its second-quarter earnings announcement, Devon Energy Corp. (NYSE: DVN) provided [Read more]

Gibson Energy declares dividend

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today that its Board of Directors has approved a quarterly dividend of $0.34 per common share payable on October 16, 2020, to shareholders of record at the close of business on September 30, 2020.  This dividend is designated as an eligible dividend for Canadian income tax purposes.  For non-resident [Read more]

Pieridae to Hold Conference Call and Webcast For Q2 2020 Financial Results

CALGARY, Alberta, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) will release its second-quarter 2020 results on Wednesday, August 12, 2020 prior to markets opening. Chief Executive Officer Alfred Sorensen, Chief Financial Officer Rob Dargewitcz and other members of the Pieridae leadership team will discuss the financial results and Company developments at 8:30 a.m. (MDT) / 10:30 a.m. (EDT). Members of the investment community, shareholders [Read more]

Husky releases 2020 ESG report, sets targets for carbon and diversity

CALGARY, Alberta - Husky Energy today released its 2020 ESG Report, including a GHG emissions intensity reduction target of 25% by 2025 and a gender diversity target of 25% women in senior leadership roles. The report also addresses Husky’s aspiration to be net zero by 2050. Additional highlights of Husky’s 2019 ESG performance include: Improved safety performance, including achievement of Husky’s lowest Total Recordable Injury Rate to date, and a 55% improvement in its Lost Time [Read more]

International Petroleum Corporation second quarter 2020 financial results and corporate update

TORONTO - International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis for the six months ended June 30, 2020. Business Update Forecast 2020 net average production revised upwards to 37,000 to 40,000 barrels of oil equivalent per day (boepd) from the previous guidance of 30,000 to 37,000 boepd. Capital and decommissioning expenditure guidance marginally [Read more]

TC Energy files rate case for Columbia Gas Transmission system

CALGARY, Alberta - News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that its wholly-owned subsidiary, Columbia Gas Transmission, LLC (Columbia), filed a general Natural Gas Act Section 4 rate case with the U.S. Federal Energy Regulatory Commission (FERC). With this filing, Columbia’s first Section 4 rate case in over 20 years, Columbia is seeking to recover its prudently-incurred operating costs, a fair return on and of its historical investment in [Read more]

Cardinal Energy Ltd. announces second quarter 2020 financial results

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operating and financial results for the second quarter ended June 30, 2020. Selected financial and operating information is shown below and should be read in conjunction with Cardinal's unaudited condensed interim financial statements and related Management's Discussion and Analysis for the three months ended June 30, 2020 which are available at www.sedar.com and on our website at [Read more]

Painted Pony announces extension of bank line review date

CALGARY, Alberta - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) today confirms the execution of an agreement with the Corporation’s syndicate of lenders to extend Painted Pony’s annual borrowing base redetermination date from July 31, 2020 to August 31, 2020. The extension agreement confirms Painted Pony’s existing syndicated credit facility at $325 million. Painted Pony also has a $22 million unsecured letter of credit facility backstopped by EDC, bringing the [Read more]

Husky Energy reports second quarter 2020 results

This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “operating margin”, “sustaining capital”, “net debt to trailing funds from operations” and “refining and marketing margin”. Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta - Husky Energy recorded funds from operations of $18 million in the second quarter. Cash flow from operating activities, which includes changes in non-cash [Read more]

Cenovus announces closing of US$1 billion offering of senior notes

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has completed a public offering in the United States (the “Offering”) of US$1,000,000,000 in 5.375% senior unsecured notes due 2025 (the “Notes”). The Notes were issued under Cenovus’s short form base shelf prospectus dated September 19, 2019 and a prospectus supplement dated July 28, 2020 filed with securities regulatory authorities in Canada and the United States. The net proceeds of the Offering will be used to repay short-term [Read more]