BOE Report

Ovintiv reports third quarter 2024 financial and operating results

Full Year Production Guidance Increased; Strong Operational Execution and Debt Reduction Continue Highlights: Generated net earnings of $507 million, cash from operating activities of $1,022 million, Non-GAAP Cash Flow of $978 million and Non-GAAP Free Cash Flow of $440 million after capital expenditures of $538 million Third quarter production was above the high-end of the guidance range on every product with average total production volumes of 593 thousand barrels of oil equivalent [Read more]

CNOOC Limited brings on-stream Long Lake NW Project in Canada

HONG KONG, Nov. 6, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Long Lake Northwest Project in Canada has commenced production safely. The project is located in Alberta, Canada. The main production facilities include a new well pad and 4 pipelines. It will be developed with steam-assisted gravity drainage (SAGD) operation and 8 well pairs are planned to be commissioned. The project is expected to achieve a [Read more]

Ernst & Young Inc. undertakes a sales and investment solicitation process for the assets of Plains Environmental Inc.

CALGARY, AB, Nov. 5, 2024 /CNW/ - Ernst & Young Inc., in its capacity as Court-Appointed Interim Receiver (the "Interim Receiver") of Plains Environmental Inc ("Plains"), is undertaking a sales and investment solicitation process ("SISP") for all current and future assets, undertakings and properties of Plains (the "Property") and the business presently carried on by Plains (the "Business"). Plains currently operates as a waste management and disposal business for oilfield services, [Read more]

Fortuna Operating and North Hudson Resource Partners announce Canadian expansion

Fortuna enters Canadian non-operated market with a drilling joint venture. HOUSTON, Texas, Nov. 4, 2024 /PRNewswire-PRWeb/ -- Fortuna Operating ("Fortuna"), the operating arm of North Hudson Resources Partners, LP ("North Hudson") non-operated investment platform, is pleased to announce a drilling partnership with a top-tier Canadian operator for working interest in a seven-well development program. The wells are located in the core of the Duvernay and Montney resource plays in Alberta, [Read more]

Enbridge Provides Notice of Series 9 Preferred Shares Conversion Right and Announces Reset Dividend Rates

CALGARY, AB, Nov. 1, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 9 (Series 9 Shares) (TSX: ENB.PF.A) on December 1, 2024. As a result, subject to certain conditions, the holders of the Series 9 Shares have the right to convert all or part of their Series 9 Shares on a one-for-one basis into Cumulative Redeemable [Read more]

Whitecap Resources announces closing of investment grade senior notes financing

CALGARY, AB , Nov. 1, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully closed the previously announced offering of $400 million aggregate principal amount of senior unsecured notes due November 1, 2029 (the "Notes"). The Notes have been issued at par for gross proceeds of $400 million and will bear interest at a fixed rate of 4.382% per annum. The net proceeds will be used to repay existing indebtedness.  The Notes have [Read more]

Enbridge reports strong third quarter 2024 financial results, executes on business priorities, and reaffirms financial guidance and outlook

CALGARY, AB, Nov. 1, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported third quarter 2024 financial results, provided a quarterly business update, and reaffirmed its 2024 financial guidance and outlook. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) Third quarter GAAP earnings of $1.3 billion or [Read more]

Veren Confirms Quarterly Dividend

CALGARY, AB, Oct. 31, 2024 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) announces its Board of Directors has approved and declared a quarterly cash base dividend of $0.115 per share. The base dividend is payable on January 2, 2025 to shareholders of record on December 15, 2024. These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Veren's dividends are considered "qualified dividends." FOR MORE [Read more]

Enbridge Inc. Declares Quarterly Dividends

CALGARY, AB, Oct. 30, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced that its Board of Directors has declared a quarterly dividend of $0.9150 per common share, payable on December 1, 2024 to shareholders of record on November 15, 2024.  The amount of the dividend is consistent with the September 1, 2024 dividend. The Board also declared the following quarterly dividends for Enbridge Preferred Shares.  All dividends are payable on December 1, 2024 [Read more]

Whitecap Resources announces inaugural offering of investment grade senior notes

CALGARY, AB, Oct. 25, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has priced an offering of $400 million aggregate principal amount of senior unsecured notes due November 1, 2029 (the "Notes"). The Notes will be issued at par for gross proceeds of $400 million and will bear interest at a fixed rate of 4.382% per annum. The net proceeds will be used to repay existing indebtedness. Whitecap recently announced a public investment [Read more]