BOE Report

TC Energy reaches agreement to sell Ontario natural gas-fired power plants for $2.87 billion

TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced today that it has entered into an agreement through its wholly-owned subsidiary, TransCanada Energy Ltd., to sell interests in three Ontario natural gas-fired power plants to a subsidiary of Ontario Power Generation Inc., for approximately $2.87 billion. The facilities include the 683-megawatt Halton Hills power plant, the 900-megawatt Napanee generating station which is nearing completion and TC Energy’s 50 per cent interest in [Read more]

Husky Energy Announces Second Quarter 2019 Dividend and Third Quarter 2019 Preferred Shares Dividend Payments

CALGARY, Alberta, July 25, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of Husky Energy (TSX:HSE) has approved a quarterly dividend of $0.125 (Cdn) per common share for the three-month period ended June 30, 2019. The dividend will be payable on October 1, 2019 to shareholders of record at the close of business on September 3, 2019. 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 [Read more]

Husky Energy Reports Second Quarter 2019 Results

This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “net debt to trailing funds from operations”, “operating margin”, “EBITDA” and “operating netback”. Please refer to “Non-GAAP measures” at the end of this news release. CALGARY, Alberta, July 25, 2019 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) generated funds from operations of $802 million in the second quarter, with net earnings of $370 million. Cash flow from [Read more]

Cenovus substantially achieves $7 billion near-term net debt target

Company generates over $830 million in second-quarter free funds flow CALGARY, Alberta, July 25, 2019 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) reduced net debt to $7.1 billion in the second quarter after generating over $830 million in free funds flow. The company’s excellent financial performance was driven by higher realized oil prices, which contributed to oil sands operating margin of more than $1.0 billion. “Through focused operations and disciplined capital [Read more]

Suncor Energy reports second quarter 2019 results

CALGARY, Alberta, July 24, 2019 (GLOBE NEWSWIRE) --  “This quarter, we delivered $3.0 billion in funds from operations, a new second quarter record, and $1.3 billion of operating earnings due to our team delivering solid operating performance while taking full advantage of our flexibility to maximize our cash flow, despite the impact of curtailments,” said Mark Little, president and chief executive officer. “Strong cash flow generation and our commitment to capital discipline allowed us to [Read more]

Cenovus releases 2018 environmental, social & governance report

CALGARY, Alberta, July 23, 2019 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has published its 2018 environmental, social & governance (ESG) report detailing the company's progress in advancing environmental, health and safety performance, investing in and engaging with the communities where it operates and maintaining the highest standards of corporate governance. A number of Cenovus’s key performance indicators for land, air and water improved last year, partly due to [Read more]

Pipestone Energy Corp. Announces a Midstream Transaction to Fund the Acceleration of a Three Well Completion Program to Delineate Its Eastern Montney Acreage

CALGARY, Alberta, July 23, 2019 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to announce it has entered into a strategic midstream transaction (the “Midstream Transaction”) with Tidewater Midstream and Infrastructure Ltd. (“Tidewater”). The initial capital to be received by Pipestone Energy from Tidewater pursuant to the Midstream Transaction will be deployed to accelerate a three-well completion program at its 9-14-71-07W6 (“9-14”) [Read more]

Tidewater Announces Pipestone Strategic Core-Area Acquisition and Associated 10-year Take-or-Pay Contracts, $75 Million Bought Deal Offering of Convertible Debentures and CEO’s Intention to Acquire Additional Shares

CALGARY, Alberta, July 23, 2019 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX:TWM) is pleased to announce that it: has entered into an agreement to acquire from Pipestone Energy Corp. ("Pipestone Energy"), a 100% working interest in a strategic 30 MMcf/d raw gas compression, 5,400 bbls/d condensate handling and associated water disposal battery (“Pipestone East Battery”) for total consideration of up to $30 million in cash (the [Read more]

PrairieSky Announces 2019 Second Quarter Results

CALGARY, Alberta, July 22, 2019 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its second quarter ("Q2 2019") operating and financial results for the period ended June 30, 2019. PRESIDENT’S MESSAGE Second Quarter 2019 Highlights: Funds from Operations totaled $58.0 million ($0.25 per common share basic and $0.24 per common share diluted), consistent with Q1 2019 funds from operations of $57.8 million ($0.25 per common share [Read more]

Cenovus to hold conference call and webcast on second-quarter 2019 results

CALGARY, Alberta, July 18, 2019 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its second-quarter results on Thursday, July 25, 2019. The news release will provide consolidated second-quarter operating and financial information. Financial statements will be available on Cenovus’s website, cenovus.com. A conference call and webcast to discuss the results will be held for the investment community at 9 a.m. MT (11 a.m. ET). To participate, please dial 888-231-8191 [Read more]