BOE Report

TC Energy completes the sale of Ontario natural gas-fired power plants for proceeds of $2.8 billion

CALGARY, Alberta- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today announced that it has completed the sale of its interests in three Ontario natural gas-fired power plants to a subsidiary of Ontario Power Generation Inc. for net proceeds of approximately $2.8 billion prior to post-closing adjustments. The facilities include the 683-megawatt Halton Hills power plant, the 900-megawatt Napanee generating station and TC Energy’s 50 per cent interest in the 550-megawatt [Read more]

Husky Energy Reports Voting Results from 2020 Annual and Special Meeting of Shareholders

CALGARY, Alberta, April 29, 2020 (GLOBE NEWSWIRE) -- At its Annual and Special Meeting of Shareholders held on April 29, 2020, Husky Energy Inc. (TSX:HSE) announced the election of 16 nominees proposed for its Board of Directors as listed in the Management Information Circular dated March 24, 2020. KPMG LLP was appointed as auditors of the Corporation until the close of the next Annual Meeting of Shareholders. The amendments to By-Law No. 1 of the Corporation were confirmed. Votes [Read more]

Husky Energy announces first quarter 2020 dividend and second quarter 2020 preferred shares dividend payments

CALGARY, Alberta - Husky Energy’s Board of Directors has approved a reduction to the quarterly dividend to $0.0125 (Cdn) per common share for the three-month period ended March 31, 2020. The dividend will be payable on July 2, 2020 to shareholders of record at the close of business on June 9, 2020. Regular dividend payments on each of the Cumulative Redeemable Preferred Shares – Series 1, Series 2, Series 3, Series 5 and Series 7 – will be paid for the three-month period ended June 30, 2020. [Read more]

Husky Energy reports first quarter 2020 results

This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “operating margin” and “net debt to trailing funds from operations.” Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta - Husky Energy (TSX:HSE) recorded funds from operations of $25 million in the first quarter, with cash flow from operating activities, including changes in working capital, of $355 million. Funds from operations were [Read more]

Cenovus reports first-quarter 2020 results

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to deliver safe and reliable operations in the first quarter of 2020 while demonstrating its ability to take swift and decisive steps to enhance its financial resilience and protect its balance sheet in the face of the global macro-economic challenges caused by the COVID-19 pandemic. The company’s first-quarter financial results were impacted by the significant decline in global demand and pricing for crude oil and refined [Read more]

Athabasca Oil Corporation announces $70 million upsized contingent bitumen royalty along with additional resiliency actions

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is taking further actions in response to the decline in global oil prices to bolster balance sheet strength and corporate resiliency. Upsized Contingent Bitumen Royalty Athabasca is pleased to announce an upsizing of the previously completed Contingent Bitumen Royalty with Burgess Energy Holdings L.L.C. (the “Royalty”) for additional cash consideration of $70 million.  Athabasca has now raised total cash [Read more]

Devon Energy Changes Time of First-Quarter 2020 Earnings Call to 10am ET

OKLAHOMA CITY, April 28, 2020 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) will host its first-quarter 2020 earnings conference call one hour earlier than previously announced. The conference call will be held at 9 a.m. Central Time (10 a.m. Eastern Time) on Wednesday, May 6. The call will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the [Read more]

Suncor Energy to release first quarter 2020 financial results and hold Annual General Meeting of shareholders

CALGARY, Alberta - Suncor will release its first quarter financial results on May 5, 2020 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the first quarter will be held on May 6 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Mark Little, president and chief executive officer and Alister Cowan, chief financial officer. A question and answer period with analysts will follow brief remarks from management. Trevor Bell, vice president, Investor Relations will host the [Read more]

Baytex provides annual general meeting update

CALGARY, Alberta - Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) will hold its 2020 annual general meeting (the "Meeting") on Thursday, May 7, 2020 at 3:00pm (MDT). The Meeting has been moved from its original location and will now be held at Baytex’s Calgary office located at 2800, 520 – 3rd Ave SW. Due to restrictions on gatherings implemented by the Government of Alberta in response to the COVID-19 (Coronavirus) outbreak, guidelines issued with respect to social distancing and out of [Read more]

Return Energy Inc. (to be renamed Spartan Delta Corp.) upsizes previously announced private placement to $64.0 million

CALGARY, Alberta - Return Energy Inc. d.b.a. Spartan Delta Corp. ("Spartan" or the "Company") (RTN: TSXV) is pleased to announce that, as a result of excess confirmed and committed institutional demand, it has increased its previously announced financing of subscription receipts ("Subscription Receipts") detailed in its press release dated April 23, 2020, to 3,200,000,000 Subscription Receipts at a price of $0.02 per Subscription Receipt to now raise gross proceeds of $64.0 million (the "Private [Read more]