BOE Report

Cardinal Energy Ltd. announces closing of acquisition

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce it has successfully closed the previously announced acquisition of Venturion Oil Limited ("Venturion"). Consideration consisted of the issuance of 6.3 million Cardinal common shares and approximately $27.5 million of cash, subject to certain holdbacks. Peters and Co. Limited acted as strategic advisor to Cardinal with respect to the acquisition. Concurrently, the Company closed the $12.5 [Read more]

Petrus Resources announces extension to credit agreements

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from July 14, 2021 to July 30, 2021. The Company's second lien term loan provider has also agreed to extend the maturity date of the Company's second lien term loan from September 14, 2021 to September 30, 2021. The Company continues to be in discussions with the bank syndicate on a [Read more]

Freehold Royalties Ltd. declares dividend for July 2021

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.04 per common share to be paid on August 16, 2021 to shareholders of record on July 31, 2021. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU. For [Read more]

Suncor Energy releases 2021 report on sustainability and climate report

CALGARY, Alberta - Continuing more than 25 years of sustainability reporting, Suncor released its 2021 Report on Sustainability and Climate Report today. The reports share the company’s 2020 environmental, social and governance (ESG) performance and highlight key points of progress in early 2021. Earlier this year, the company shared its updated strategy which focuses on increasing shareholder returns while accelerating its greenhouse gas (GHG) emissions reduction targets, growing its [Read more]

NuVista Energy Ltd. announces issuance of $230 million of senior unsecured notes and call of existing 2023 notes

CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce today that it has entered into an underwriting agreement to sell, on a private placement basis, $230 million aggregate principal amount of 7.875% senior unsecured notes due July 23, 2026 (the "Notes"), which was increased from the previously announced offering of $200 million. The Notes will be issued at $989.89 expressed as a price per $1,000.00 principal amount under a new trust indenture, and [Read more]

NuVista Energy Ltd. announces proposed issuance of $200 million of senior unsecured notes

CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) announced today that it intends to undertake, subject to market and other conditions, a proposed private placement of senior unsecured notes (the "Notes") in the amount of $200 million (the "Offering"). Subject to the completion of the Offering, NuVista intends to use the net proceeds of the Offering, together with borrowings under its credit facility, to redeem all of the Company's existing $220 million senior [Read more]

TC Energy to issue second quarter results on July 29

CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) will hold a teleconference and webcast on Thursday, July 29, 2021 to discuss its second-quarter financial results, which will be released pre-market. François Poirier, TC Energy President and Chief Executive Officer; Don Marchand, Executive Vice-President and Chief Financial Officer; and other members of the executive leadership team will discuss the financial results and Company developments at 9 a.m. MDT / 11 a.m. [Read more]

PrairieSky Royalty announces conference call for Q2 2021 results

CALGARY, Alberta - PrairieSky will release its Q2 2021 results on Monday, July 19, 2021 after markets close. The news release detailing PrairieSky’s Q2 2021 results will provide operating and financial information. Financial statements along with management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR at www.sedar.com. A conference call to discuss the results will be held for the investment community on Tuesday, July 20, 2021 beginning [Read more]

Shell second quarter 2021 update note

The Hague, July 7, 2021 − As a result of strong operational and financial delivery, combined with an improved macro-economic outlook, Shell will move to the next phase of its capital allocation framework and, subject to final Board approval, increase total shareholder distributions to within the range of 20-30% of CFFO, starting at the Q2 results announcement. The level of additional distributions will be determined with full visibility of the Q2 financial results. In the second quarter, [Read more]

InPlay Oil Corp. provides operations update highlighted by record corporate quarterly production

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to provide an operations update. InPlay’s average production in the second quarter of 2021 is forecast to be approximately 5,325 boe/d(1) (70% light oil & NGLs) based on field estimates, representing a record quarterly production rate for the Company. Production is ahead of forecast as a result of the continued outperformance of six 100% Cardium wells drilled in Pembina, three of which [Read more]