BOE Report

TC Energy declares quarterly dividends

CALGARY, Alberta, Feb. 13, 2020 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.81 per common share for the quarter ending March 31, 2020 on the Company’s outstanding common shares.  The common share dividend is payable on April 30, 2020 to shareholders of record at the close of business on March 31, 2020. The Board also declared quarterly dividends on [Read more]

TC Energy reports record 2019 financial results

Increases common share dividend by 8 per cent CALGARY, Alberta - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for fourth quarter 2019 of $1.1 billion or $1.18 per share compared to net income of $1.1 billion or $1.19 per share for the same period in 2018. For the year ended December 31, 2019, net income attributable to common shares was $4.0 billion or $4.28 per share compared to net income of $3.5 billion or $3.92 [Read more]

TC Energy announces $1.3 billion of system expansions to connect Western Canadian Sedimentary Basin supply to incremental market demand

CALGARY, Alberta, Feb. 13, 2020 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it has approved two new expansion projects totaling $1.3 billion on its wholly-owned natural gas pipeline systems. The $0.9 billion 2023 NGTL Intra-Basin System Expansion will deliver natural gas from the Western Canadian Sedimentary Basin (WCSB) to markets within Alberta on the NOVA Gas Transmission Ltd. (NGTL) System, while the US$0.3 billion Alberta XPress [Read more]

Birchcliff Energy Ltd. Announces Unaudited 2019 Year-End and Fourth Quarter Results and 2019 Reserves Highlights

CALGARY - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2019 year-end and fourth quarter financial and operational results and highlights from its independent reserves evaluations effective December 31, 2019. Jeff Tonken, President and Chief Executive Officer of Birchcliff commented: “2019 was an excellent year for Birchcliff. We executed on our capital plan, achieving record annual average production of 77,977 boe/d and record low [Read more]

Cenovus delivers strong 2019 financial and operating performance

CALGARY, Alberta, Feb. 12, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to gain momentum in 2019, generating free funds flow of $361 million in the fourth quarter and approximately $2.5 billion for the year, reducing net debt by 22% year-over-year and completing construction on its Christina Lake phase G oil sands expansion in March. In the fourth quarter of 2019, Cenovus increased its dividend by 25% and reached full ramp-up of its crude-by-rail shipping [Read more]

Cardinal Energy Ltd. Announces Monthly Dividend for February

CALGARY, Alberta, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) confirms that our dividend of $0.015 per common share will be paid on March 16, 2020 to shareholders of record on February 28, 2020. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. One of Cardinal’s goals is to continually improve [Read more]

Corridor Resources Inc. Announces Closing of Subscription Receipt Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.CALGARY, Alberta, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Corridor Resources Inc. ("Corridor") (CDH: TSX) is pleased to announce the closing of its previously announced brokered private placement offering ("Subscription Receipt Private Placement") of subscription receipts of Corridor ("Subscription Receipts") pursuant to which Corridor issued 32,608,696 [Read more]

International Petroleum Corporation 2019 Year-End Financial Results and 2020 Budget, Production and Resource Guidance

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 (MD&A) for the year ended December 31, 2019.(1) IPC is also pleased to announce its 2020 capital expenditure budget of USD 149 million and its 2020 production guidance of between 46,000 and 50,000 barrels of oil equivalent (boe) per day (boepd).(2) 2019 year-end proved plus probable (2P) reserves and [Read more]

PrairieSky Announces 2019 Fourth Quarter and Year End Results

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its fourth quarter ("Q4 2019") and 2019 year-end operating and financial results for the period ended December 31, 2019. In addition, PrairieSky’s Board of Directors has confirmed the annual dividend of $0.78 per share for the upcoming year. PRESIDENT’S MESSAGE Fourth Quarter 2019 Highlights: Funds from Operations totaled $55.8 million ($0.24 per common share basic and diluted). [Read more]

International Petroleum Corporation Announces Results of Share Repurchase Program

TORONTO, Feb. 10, 2020 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 759,124 IPC common shares (ISIN: CA46016U1084) during the week of February 3 to 7, 2020 under the previously announced share repurchase program. The share repurchase program, announced by IPC on November 7, 2019, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) [Read more]