BOE Report

Cenovus signs rail deals to transport oil to U.S. Gulf Coast

CALGARY, Alberta, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has signed three-year deals with major rail companies to transport approximately 100,000 barrels per day (bbls/d) of heavy crude oil from northern Alberta to various destinations on the U.S. Gulf Coast. The agreements involve moving oil with CN from Cenovus's Bruderheim Energy Terminal starting in the fourth quarter of 2018, and with CP through USD Partners' terminal in Hardisty, Alberta starting in [Read more]

Point Loma Announces Filing of Preliminary Short-Form Prospectus related to the proposed Offering of Units and CEE Flow-Through Shares for up to $4.0 Million; Proceeds Focused on Unlocking Oil Opportunities in Banff, Rex and Lower Mannville Starting in Q4 2018

CALGARY, Alberta, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX-V: PLX) ("Point Loma" or the "Company") is pleased to announce that it has entered into an engagement letter with Mackie Research Capital Corporation (the "Agent"), pursuant to which the Agent has agreed to offer, on a commercially reasonable efforts basis: (i) up to $2,750,000 in units ("the "Units") of the Company at a price of $0.29 per Unit (the "Unit Offering"); and (ii) up to $1,250,000 million in common [Read more]

Canadian Natural Resources Limited Announces Completion of the Extension Period to Acquire All Issued and Outstanding Shares of Laricina Energy Ltd.

CALGARY, Alberta, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited (“Canadian Natural" or the "Company") announces that Canadian Natural's offer to acquire all of the issued and outstanding common shares (the “Laricina Shares") of Laricina Energy Ltd. (“Laricina”) for $0.0815 per Laricina Share by way of a take-over bid (the "Offer"), as extended on September 13, 2018 for the mandatory 10-day extension period, expired at 11:59 p.m. (Mountain Daylight Time) on September 24, [Read more]

Velvet Energy and Iron Bridge Resources Announce Successful Tender and Take-up of 81.98% of Iron Bridge Common Shares

Resignation of Iron Bridge Board of Directors & Officers; Velvet to Appoint New Slate of Directors & Officers 81.98% of Iron Bridge common shares tendered, exceeding Velvet’s minimum 2/3rds condition Velvet to take-up and pay for 126.9 million of the currently outstanding common shares of Iron Bridge and extend offer ten days to October 5, 2018 Iron Bridge Board of Directors and Officers to resign Velvet to appoint new Board of Directors and Officers Iron Bridge to [Read more]

Velvet Energy Reminds Shareholders of Offer Expiry and Encourages Iron Bridge Shareholders to Tender Their Shares to Offer

Amended Offer of $0.845 per Iron Bridge share has unanimous support of Iron Bridge’s Board of Directors and largest shareholders Shareholders urged to tender their shares ahead of the deadline on September 24, 2018. at 5:00 p.m. Toronto time.  Shareholders are reminded that most financial intermediaries have earlier expiry deadlines for processing tenders. Shareholders can tender today by contacting Kingsdale Advisors at 1-866-879-7650 or by e-mail at [Read more]

Diamondback Energy Prices Upsized $750 Million Tack-On Offering Of Senior Notes

MIDLAND, Texas, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”) announced today that it has priced an offering of $750.0 million aggregate principal amount of its 4.750% Senior Notes due 2024 (the “New Notes”), representing a $250.0 million upsize from the previously announced size of the offering, at an issue price of 99.75% of the aggregate principal amount of the New Notes (the “Tack-On Offering”). The New Notes will mature on November 1, 2024, [Read more]

Diamondback Energy Launches $500 Million Tack-On Offering of Senior Notes

MIDLAND, Texas, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today that it proposes to offer, subject to market conditions and other factors, $500.0 million aggregate principal amount of its 4.750% Senior Notes due 2024 (the “New Notes”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the [Read more]

Southcross Energy Partners, L.P. Announces James W. Swent III Elected as Chairman, President and Chief Executive Officer

DALLAS, Texas, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Southcross Energy Partners, L.P. (NYSE: SXE) (“Southcross” or the “Partnership”) announced today that James (“Jay”) W. Swent III has been elected Chairman, President and Chief Executive Officer by its Board of Directors. David W. Biegler, who has served as interim Chairman, President and Chief Executive Officer since March 2018, will remain a director. Mr. Swent has over 35 years of experience in finance, operations and international business [Read more]

Pieridae Appoints Chief Financial Officer and Grants Options

CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce the appointment of Ms. Melanie Litoski as Chief Financial Officer (“CFO”) of the Company. Ms. Litoski is expected to begin her role as CFO on October 1, 2018. Ms. Litoski succeeds Mario Racicot who retired as CFO of the Company effective September 1st, 2018. Alfred Sorensen, Chief Executive Officer of the Company, will assume the responsibilities of CFO [Read more]

TransGlobe Energy Corporation Announces Director/PDMR Shareholding

CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that it was notified on September 14th, 2018 that on the same day Robert G. Jennings, Fred Dyment, Susan MacKenzie, Robert MacDougall, David Cook, Matt Brister and Steven Sinclair, all Independent Directors received Deferred Share Units (“DSUs”) relating to the payment of the dividend as follows:   DirectorNumber of DSUs grantedPriceGranted($Cdn)Number of DSUs held [Read more]