BOE Report

Athabasca Oil Announces 2025 Budget Focused on Cash Flow Per Share Growth and Directing 100% of Free Cash Flow to Shareholder Returns

CALGARY, Alberta, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce its 2025 budget with capital projects that will balance cash flow growth while continuing to deliver a durable return of capital framework that will direct 100% of Free Cash Flow to share buybacks in 2025. Corporate Consolidated Strategy and Outlook Value Creation Strategy. Athabasca provides a differentiated liquids-weighted growth platform [Read more]

Equinor and Shell to create the UK’s largest independent oil and gas company

Equinor UK Ltd, a subsidiary of Equinor ASA (OSE: EQNR, NYSE: EQNR, “Equinor”) and Shell UK Limited, a subsidiary of Shell plc (LSE: SHEL, NYSE: ADR SHEL, AMS EURONEXT: SHELL, “Shell”) are to combine their UK offshore oil & gas assets and expertise to form a new company which will be the UK North Sea’s biggest independent producer. The incorporated joint venture (IJV) will be set up to sustain domestic oil and gas production and security of energy supply in the UK. On deal completion, the [Read more]

Prospera Energy announces operations update

CALGARY, Alberta, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI,) ("Prospera", “PEI” or the "Corporation") Prospera Energy is pleased to announce the completion and continuation of production optimization activities in its heavy oil properties, with both immediate increases in production and bolstering of field uptime and reliability. Five (5) wells have been successfully completed with the service rig out of an eight (8) well program, with a focus on pump changes, rod [Read more]

Gibson Energy announces contract extension at Gateway, sanctioning of the Gateway Dredging Project and $200 million in 2025 growth capital & share buybacks

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”) is pleased to announce the extension and amendment of a long-term contract at its Gateway Terminal (“Gateway” or the “Terminal”) with an existing customer that refreshes the initial contract term, with further renewal options beyond that date. The extension includes contracting additional loading windows and increasing [Read more]

Parallax Energy closes acquisition of Vesta Energy Ltd.

CALGARY, Alberta, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Parallax Energy Operating Inc., a wholly owned subsidiary of Parallax Energy, L.P. (collectively “Parallax”), today closed the acquisition of Vesta Energy Ltd. (the “Acquisition”), a private producer with a significant land position in the East Shale Basin of the Duvernay light oil window in Central Alberta. Parallax now operates an established production base of over 17,000 boe/d (~75% light oil) and is well-positioned for long-term organic [Read more]

PrairieSky Royalty declares quarterly dividend

CALGARY, Alberta, Dec. 03, 2024 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.25 per common share, payable in cash on January 15, 2025 to shareholders of record on December 31, 2024. This dividend is designated as an “eligible dividend” for Canadian income tax purposes. About PrairieSky Royalty Ltd. PrairieSky is a royalty-focused company, generating royalty revenues as [Read more]

International Petroleum Corporation announces TSX approval for renewal of normal course issuer bid

TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that the Toronto Stock Exchange (the "TSX") has approved IPC's notice of intention to renew IPC’s normal course issuer bid (the "NCIB"). Under the NCIB, IPC is authorized to purchase, through the facilities of the TSX and/or Nasdaq Stockholm, or as otherwise permitted under Canadian securities laws, as and when considered advisable by [Read more]

TC Energy provides conversion right and dividend rate notice for Series 1 and 2 preferred shares

CALGARY, Alberta, Dec. 02, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 1 (Series 1 Shares) and Cumulative Redeemable First Preferred Shares, Series 2 (Series 2 Shares) on Dec. 31, 2024. As a result, subject to certain conditions: (a)  the holders of Series 1 Shares have the right to choose one of the following options [Read more]

International Petroleum Corporation updated share capital

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) reports the following, in accordance with the Swedish Financial Instruments Trading Act: Following the cancellation of 361,937 common shares repurchased by IPC under the normal course issuer bid / share repurchase program, the total number of issued and outstanding common shares of the Corporation is 119,882,701 common shares with voting rights as at November 29, 2024 and IPC holds no common shares in [Read more]

Prospera Energy announces financing and acquisition update

CALGARY, Alberta, Nov. 28, 2024 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (PEI: TSX-V; OF6A: FRA) ("Prospera", “PEI” or the "Corporation") Private Placement Prospera Energy Inc. announces it is expecting to close the first tranche of its non-brokered unit offering, for total proceeds of $500,000. Each unit, priced at $1,000 per unit, consists of: (i) a one-year secured promissory note with a principal amount of $1,000, carrying a 12% annual interest rate, and (ii) 5,000 common share purchase [Read more]