BOE Report

Birchcliff Energy Ltd. Announces Excellent Q3 2022 Results, Including Record Q3 Adjusted Funds Flow and Free Funds Flow

CALGARY, Alberta, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q3 2022 financial and operational results. “Birchcliff continued to deliver exceptional results in the third quarter, highlighted by quarterly average production of 78,079 boe/d, which resulted in record Q3 adjusted funds flow(1) of $267.4 million ($1.01 per basic common share(2)), record Q3 free funds flow(1) of $182.0 million ($0.69 per basic [Read more]

TC Energy reports strong third quarter 2022 results

CALGARY, Alberta - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its third quarter results today, reporting continued strong performance. “Our portfolio remains resilient despite the economic headwinds facing the broader market,” said TC Energy's President and Chief Executive Officer, François Poirier. “Demand for our services across our North American portfolio remains high and we continue to see strong utilization, availability, and overall asset performance. [Read more]

InPlay Oil Corp. Announces Third Quarter 2022 Financial and Operating Results Highlighted by Record Quarterly Production and the Implementation of an Inaugural Base Dividend

CALGARY, Alberta, Nov. 09, 2022 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its record setting financial and operating results for the three and nine months ended September 30, 2022 and the implementation of an inaugural base dividend. The implementation of the inaugural base dividend is a significant milestone in the Company’s strategy of providing additional strong returns to shareholders through the return of capital along with the [Read more]

Pipestone Energy Corp. Reports Third Quarter 2022 Results, Revised Corporate Guidance, and Announces an Enhanced Shareholder Return Strategy

CALGARY, Alberta, Nov. 09, 2022 (GLOBE NEWSWIRE) -- (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is reporting its third quarter 2022 financial and operational results. It is also providing an operations update and an update on its 3-year plan that forecasts moderated production growth, and a focus on shareholder returns. MODERATED GROWTH WITH A FOCUS ON SHAREHOLDER RETURNS: Since the startup of Pipestone Energy Corp in January 2019, the Company has achieved [Read more]

NuVista Energy Ltd. Announces Record Financial and Operating Results, Increases 2022 Production Guidance, Provides 2023 Guidance, and Increases Return of Capital to Shareholders

CALGARY, Alberta, Nov. 09, 2022 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce record-setting financial and operating results for the three and nine months ended September 30, 2022, and to provide a number of updates which demonstrate continued material advancement of our Pipestone and Wapiti Montney development areas. Commodity prices in 2022 have remained volatile but strong. Adjusted funds flow and production growth continues to set new [Read more]

Cardinal Energy Ltd. Announces Third Quarter 2022 Operating and Financial Results and 2023 Budget

CALGARY, Alberta, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operating and financial results for the third quarter ended September 30, 2022 and its 2023 budget. Selected financial and operating information is shown below and should be read in conjunction with Cardinal's unaudited condensed interim financial statements and related Management's Discussion and Analysis for the three and nine month periods ended [Read more]

Freehold Royalties Announces Third Quarter Results, Record Drilling Activity and Royalty Production

CALGARY, Alberta, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces third quarter results for the period ended September 30, 2022. President’s Message Production volumes for the quarter averaged 14,219 boe/d, a record for Freehold. We had over 300 gross wells drilled on our lands in the third quarter, bringing year to date totals to over 750 gross wells and we expect 2022 to be Freehold’s most active year for drilling in our 26-year [Read more]

Cenovus announces renewal of share buyback program

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the Toronto Stock Exchange (“TSX”) has approved the renewal of the company’s normal course issuer bid (“NCIB”) to purchase up to 136,717,741 common shares during the 12-month period commencing November 9, 2022 and ending November 8, 2023. Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value for investors by returning cash to [Read more]

Surge Energy Inc. Announces Upsizing of Previously Announced Equity Financing

CALGARY, Alberta, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Surge Energy Inc. (“Surge”, “SGY”, or the “Company”) (TSX: SGY) is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc. and Peters & Co. Limited to increase the size of its previously announced bought-deal financing (the "Offering"). Surge will now issue 7,568,000 common shares (the "Common Shares") at a price of $9.25 per Common Share to raise aggregate [Read more]

Athabasca Oil Announces 2022 Third Quarter Results including Record $102 million of Adjusted Funds Flow along with $223 million in Debt Redemptions Year to Date

CALGARY, Alberta, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2022 third quarter results with record Adjusted Funds Flow, strong Free Cash Flow and material deleveraging. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q3 Corporate Highlights Production: 37,240 boe/d (93% Liquids) consisting of 31,023 bbl/d [Read more]