BOE Report

Freehold Royalties announces third quarter results with increased U.S. production

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces third quarter results for the period ended September 30, 2023. President’s Message The third quarter marked another strong period for Freehold as the Company was able to execute on the core aspects of its North American strategy, while providing a consistent and sustainable return for our shareholders. Record production and premium pricing within Freehold’s U.S. portfolio [Read more]

Precision Drilling completes acquisition of CWC Energy Services Corp.

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) is pleased to announce that it has completed its acquisition of CWC Energy Services Corp. (“CWC”). The total consideration for CWC included 947,807 Precision common shares, approximately $14 million in cash, plus the assumption of CWC’s net debt of approximately $38 million, excluding transaction costs. The total transaction value for CWC was approximately $127 [Read more]

NuVista Energy Ltd. announces record quarterly production and positive third quarter 2023 financial and operating results and provides 2024 guidance

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce strong financial and operating results for the three and nine months ending September 30, 2023. We continued to invest in a disciplined manner in new high-return wells to fill and optimize existing facilities. New well production results continue to meet and exceed expectations, driving our production to new highs. At the same time as achieving record production, [Read more]

TC Energy declares quarterly dividends

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.93 per common share for the quarter ending Dec. 31, 2023, on the Company’s outstanding common shares. The common share dividend is payable on Jan. 31, 2024, to shareholders of record at the close of business on Dec. 29, 2023. The Board also declared quarterly dividends on the [Read more]

TC Energy appoints long-standing Board member, John E. Lowe as Chair of the Board

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced on behalf of its Board of Directors (the Board) that John E. Lowe will be appointed as Chair of the Board, effective Jan. 1, 2024. Delivering on his commitment to align with TC Energy’s revised governance guidelines regarding board commitments as outlined in the 2023 Management Information Circular, Siim A. Vanaselja will step down as Board Chair of the Company [Read more]

TC Energy reports strong third quarter 2023 operating and financial results and achieves mechanical completion on Coastal GasLink ahead of target

Comparable EBITDA now expected to be at the upper end of 2023 outlook CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its third quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “During the third quarter, we made monumental progress on Coastal GasLink and have achieved mechanical completion ahead of our year-end target. The team’s exceptional safety and [Read more]

Cenovus Energy announces renewal of share buyback program

CALGARY, Alberta, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of the company’s normal course issuer bid (“NCIB”) to purchase up to 133,160,021 common shares during the 12-month period commencing November 9, 2023 and ending November 8, 2024. Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value [Read more]

Hammerhead Energy Inc. announces record financial and operating results for third quarter 2023 and a corporate transaction

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce record financial and operating results for the third quarter of 2023. During the quarter, the Company maintained its planned two-rig program targeting Montney light oil, with a focus at North Karr. The critical new infrastructure expansion at South Karr has continued to be on time and on budget. Hammerhead also completed drilling of its [Read more]

Hammerhead Energy Inc. enters into agreement to be acquired by Crescent Point Energy Corp.

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead") (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Crescent Point Energy Corp. (“Crescent Point”) (TSX: CPG ; NYSE: CPG) pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding Class A common shares of Hammerhead ("Hammerhead Shares") for total consideration of C$21.00 per [Read more]

Crescent Point announces CDN$500 million bought deal offering of common shares

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) today announced that it has entered into an agreement (the “Agreement”) with a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets (collectively the “Underwriters”) under which the Underwriters have agreed to purchase, on a bought deal basis 48,550,000 Crescent Point common shares (“Common Shares”) at $10.30 per Common Share for [Read more]