BOE Report

Suncor Energy provides update following Government of Alberta’s decision to cut oil production

CALGARY, Alberta, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Suncor today confirms it is assessing the impact of the Government of Alberta’s announcement to curtail oil production during 2019. Suncor believes the market is the most effective means to balance supply and demand and normalize differentials.  Less economic production was being curtailed and differentials were narrowing as a result of market forces. The anticipated regulations will require oil producers to reduce their production [Read more]

Bonterra Energy Corp. Confirms Cash Dividend for November 2018 Payable December 31, 2018

CALGARY, Alberta, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) confirms that as previously announced on November 29, 2018, the November 2018 monthly cash dividend will be $0.01 per share (a $0.09 per share  reduction from the previous month). The dividend will be paid on December 31, 2018.  The record date for the dividend is December 14, 2018 and the ex-dividend date is December 13, 2018. The dividend is paid monthly [Read more]

Bellatrix Announces Closing of Daewoo Acquisition and Extension of Its Revolving Credit Facilities

CALGARY, Alberta, Nov. 30, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that it has closed the previously announced acquisition of complementary assets from POSCO DAEWOO E&P Canada Corporation (“Daewoo”). The acquired assets are located in Bellatrix’s core Ferrier area of west central Alberta and include approximately 1,250 boe/d (65% natural gas, 35% liquids) of low decline (<15%) production. The acquisition was funded [Read more]

Husky Energy Appoints Chief Financial Officer

CALGARY, Alberta, Nov. 30, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Husky Energy (TSX:HSE) has announced the appointment of Jeff Hart as Chief Financial Officer (CFO). “Jeff is already an integral member of our executive management team, having served as our Acting CFO since April 2018, and has extensive experience in progressively senior finance roles at Husky,” said CEO Rob Peabody. “As such, he is well positioned to ensure the successful execution of our five-year-plan.” Prior to [Read more]

Canadian Spirit Resources Inc. Announces Third Quarter 2018 Financial Results and Grant of Stock Option

CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis (“MD&A”) for the three and nine month periods ended September 30, 2018. In addition, CSRI announces that it has granted, effective November 28, 2018, options to acquire 300,000 common shares of the Corporation in accordance with the terms and conditions of the [Read more]

Prairie Provident Announces Renewal of Normal Course Issuer Bid

CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces that the Toronto Stock Exchange ("TSX") has accepted for filing the Company's notice of intention to make a normal course issuer bid ("NCIB").  The NCIB effectively renews the existing NCIB, which is scheduled to end on November 30, 2018. Pursuant to the renewed NCIB, Prairie Provident may purchase from time to time up to a maximum of 5,000,000 common shares, at [Read more]

Bonterra Energy Corp. Announces Adjustment to Cash Dividend for November 2018 Payable December 31, 2018

CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today announces an adjustment to its monthly dividend to $0.01 per share commencing with the November 2018 dividend payable December 31, 2018. In response to the recent significant increase in the Canadian oil price differentials for light oil, and deteriorating West Texas Intermediate (“WTI’) prices, Bonterra is taking necessary steps to protect its [Read more]

Pengrowth Provides Lindbergh Heavy Oil Differential Update for October and November With More Than 90% of Production Protected From Spot Pricing

Lindbergh On Track to Exit 2019 at 19,000 Barrels Per Day with November Month-to-Date Production That Has Averaged an Estimated 18,700 Barrels Per Day CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported the realized pricing and differentials for Lindbergh diluted bitumen (“Dilbit”) for the months of October and November. For the remainder of 2018, Pengrowth’s market access strategy includes two apportionment [Read more]

Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share And Preferred Share Dividends

CALGARY, Alberta, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending December 31, 2018:      Shares TSX Stock Symbol Dividend per ShareCommon Shares BIR $0.025Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375Cumulative Redeemable Preferred Shares, Series C BIR.PR.C $0.4375      The dividends are payable on December 31, [Read more]

Strategic Oil & Gas Ltd. Announces Conversion of Notes and Closing of Financing

CALGARY, Alberta, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSXV:SOG) announces that the Company has received the written resolution (the "Resolution and Consents") of over 96% of the holders ("Noteholders") of the Company's 8.0% convertible notes ("Notes") to affect certain amendments to the trust indenture ("Trust Indenture") governing the Notes. In particular the Noteholders have approved, by way of an extraordinary written resolution [Read more]