Calgary, Alberta--(Newsfile Corp. - December 7, 2023) - Suncor (TSX: SU) (NYSE: SU) announced today that Kent Ferguson will be joining the company in January 2024 as Senior Vice President, Strategy, Sustainability and Corporate Development, reporting directly to Rich Kruger, President and CEO. The appointment of Kent concludes the reconfiguration of Suncor's executive leadership team. Kent brings over 25 years of energy industry experience to the role, including an extensive understanding of [Read more]
Baytex announces 2024 budget and five-year outlook with continued focus on free cash flow generation and shareholder returns
Calgary, Alberta--(Newsfile Corp. - December 6, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announces that its Board of Directors has approved a budget for 2024 exploration and development expenditures of $1.2 to $1.3 billion, which is designed to generate average annual production of 150,000 to 156,000 boe/d. "Our 2024 budget and five-year outlook demonstrates the strength of our diversified oil-weighted portfolio in western Canada and the Eagle Ford shale in Texas. In [Read more]
Saturn Oil & Gas Inc. announces its first development of Cardium and Bakken light oil and the highest initial production rates on new Frobisher wells to date
Calgary, Alberta--(Newsfile Corp. - December 5, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the initial production results for its most recently drilled 13 gross (11.4 net) wells, including Saturn's first development of Alberta Cardium and Saskatchewan Bakken light oil targets. Saturn has continued its success in the development of its deep inventory of locations in Southeast Saskatchewan including the best [Read more]
Suncor Energy announces 2024 corporate guidance
All financial figures are in Canadian dollars, unless noted otherwise Upstream production of 770,000 - 810,000 barrels per day, approximately 7% higher than 2023 Refining capacity utilization strong at an expected 92% to 96% Fort Hills three-year improvement plan on target, with opportunities to further increase value Capital program to deliver shareholder value, pursuing investments to improve competitiveness Focus on continuing to reduce overall cost structure, increasing [Read more]
Lycos Energy Inc. announces increase to credit facility
Calgary, Alberta--(Newsfile Corp. - December 4, 2023) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into an amending agreement with the National Bank of Canada to increase its existing revolving credit facility from $35.0 million to $50.0 million. The credit facility provides added financial flexibility to support the Company's growth. About Lycos Lycos is an oil-focused, exploration, development and production company based in [Read more]
Coelacanth Energy Inc. announces grant of stock options and restricted share units
Calgary, Alberta--(Newsfile Corp. - December 1, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 2,101,800 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 1,050,900 Common Shares to certain [Read more]
Pine Cliff Energy Ltd. declares monthly dividend for December 29, 2023
Calgary, Alberta--(Newsfile Corp. - December 1, 2023) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.01083 per common share to be paid December 29, 2023, to shareholders of record on December 15, 2023. The dividend is designated as an eligible dividend for Canadian income tax purposes. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. [Read more]
Gear Energy Ltd. confirms monthly dividend for December of $0.005 per share
Calgary, Alberta--(Newsfile Corp. - December 1, 2023) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the December 2023 monthly dividend of $0.005 per common share is to be paid on December 29, 2023, to shareholders of record on December 15, 2023. The dividend is designated as an "eligible dividend" for Canadian income tax purposes. FOR FURTHER INFORMATION PLEASE CONTACT: Ingram Gillmore President & CEO 403-538-8463 David Hwang Vice [Read more]
Baytex announces sale of Viking assets at Forgan and Plato
Calgary, Alberta--(Newsfile Corp. - November 27, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") today announced that it has entered into a definitive agreement to sell certain of its Viking assets located at Forgan and Plato in southwest Saskatchewan, effective October 1, 2023, for $153.8 million. The disposition is expected to close prior to year-end with net proceeds from the sale to be applied against outstanding bank indebtedness. Production from the assets is approximately [Read more]
Suncor Energy announces restart of production at Terra Nova
Calgary, Alberta--(Newsfile Corp. - November 27, 2023) - Suncor Energy (TSX: SU) (NYSE: SU) today announced that the Terra Nova Floating, Production, Storage and Offloading vessel has safely restarted following the completion of the Terra Nova Asset Life Extension project. Production is expected to ramp up over the coming months. "Focusing on safety and operational integrity, we have brought this key offshore project online, providing additional cash flow for our shareholders as well as many [Read more]
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