BOE Report

Husky Energy Reports First 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 netback” and “EBITDA”. Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta, April 26, 2019 (GLOBE NEWSWIRE) -- Husky Energy (TSX: HSE) generated funds from operations of $959 million in the first quarter of 2019, compared to $895 million in the first quarter of 2018. Net earnings [Read more]

Peyto Exploration & Development Corp. Announces Amendments to Stock Option Plan and Amended and Restated By-Law No. 1

CALGARY, Alberta, April 25, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto") (TSX:PEY) advises that Peyto has altered the amendment provision of its stock option plan to require shareholder approval to expand the categories of individuals contained in the definition of "Participants" who are eligible to participate in the stock option plan. This amendment will be included in the stock option plan of Peyto proposed to be considered and voted upon by shareholders at [Read more]

Shell Midstream Partners, L.P. Declares 3.75% Increase in Quarterly Distribution

Houston, April 25, 2019 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) announces that the Board of Directors of its general partner declared a cash distribution of $0.4150 per limited partner unit for the first quarter of 2019. This represents an increase of 3.75 percent over the previous quarterly distribution of $0.4000 per unit and a 19.3 percent increase over the distribution paid with respect to the first quarter of 2018. The distribution will be paid May 15, 2019 to [Read more]

Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change

CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Corporation”) (PEA - TSXV) released its 2018 financial and operating results today, highlighting the fact it took some key steps forward last year in advancing its Goldboro liquefied natural gas (“LNG”) Project. In 2018, the company was issued a permit to construct the facility, received US$1.5 billion in additional conditional loan support from the German Government, closed its purchase of Ikkuma [Read more]

Cenovus reports voting results of election of Directors

CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on April 24, 2019, each of the 11 nominees proposed as Directors and listed in its Management Information Circular dated March 1, 2019 were elected as Directors. The detailed results of the vote are set out below. NomineeVotes forVotes withheld NumberPercentNumberPercentSusan F. Dabarno1,010,309,97699.594,165,1640.41Patrick D. [Read more]

Canadian Spirit Resources Inc. Announces Year End 2018 Financial Results

CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its financial results for the three and twelve months ended December 31, 2018 including the filing of its 2018 annual audited Financial Statements, Management Discussion and Analysis (“MD&A”), and Forms 51-101F1, F2 and F3. This news release summarizes information contained in the audited Financial Statements and MD&A for the [Read more]

Cenovus delivers $1 billion of adjusted funds flow in Q1

Company continues to deleverage its balance sheet CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered strong operating and financial performance in the first quarter of 2019, generating more than $1 billion of adjusted funds flow, $731 million of free funds flow and cash from operating activities of $436 million. The company’s excellent financial results were driven by strong operating performance, a significant narrowing of light-heavy [Read more]

TransGlobe Energy Corporation Announces an Operations Update

This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces a Q1 operations update. All dollar values are expressed in US dollars unless otherwise stated. UPDATES Production averaged ~15.9 [Read more]

Questerre announces successful private placement

CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that its private placement of up to 38.9 million Common Shares (the “Private Placement”) has been over-subscribed at a price of 2.40 NOK or C$0.38 per Common Share. Gross proceeds are estimated at 93.4 million NOK or approximately C$14.8 million. Michael Binnion, President and Chief Executive Officer of Questerre commented, “With the improvement [Read more]

Questerre announces proposed private placement

CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it intends to complete a private placement directed towards Norwegian and international institutional investors (the “Private Placement”). The Company intends to use the net proceeds from the Private Placement to strengthen its working capital, partially finance its ongoing Montney capital program and the preliminary work for its planned [Read more]