BOE Report

Whitecap Resources Inc. confirms monthly dividend for September of $0.0608 per share

CALGARY, AB, Sept. 16, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of September operations will be paid on October 15, 2024 to shareholders of record on September 30, 2024.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders.  Our business [Read more]

Vermilion Energy Inc. provides operational update

CALGARY, AB, Sept. 10, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to provide an operational update on key projects. In Germany, we successfully completed testing operations for our first deep gas exploration well drilled earlier this year. The well was completed in the Rotliegend zone at a depth of approximately 5,000 meters and flow tested at a restricted rate of 17 mmcf/d(1) of natural gas with a wellhead pressure [Read more]

Veren announces strategic infrastructure transaction

CALGARY, AB, Sept. 9, 2024 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce it has entered into a strategic long-term partnership with Pembina Gas Infrastructure ("PGI") related to certain infrastructure assets in the Alberta Montney and will receive net cash proceeds of $400 million related to this transaction. KEY HIGHLIGHTS Directing $400 million of proceeds toward debt reduction, resulting in total expected debt reduction of $1.3 [Read more]

ARC Resources Ltd. announces asset disposition, operations update, and receives TSX approval for renewal of Normal Course Issuer Bid

CALGARY, AB, Sept. 4, 2024 /CNW/ - (ARX: TSX) ARC Resources Ltd. ("ARC" or the "Company") today provided an operations update alongside a non-core asset disposition and the renewal of its normal course issuer bid ("NCIB"). Non-Core Asset Disposition – ARC recently closed the disposition of certain non-core, non-Montney assets for total cash proceeds of $80 million. The proceeds will be allocated to share repurchases as ARC's view of its intrinsic value exceeds the current share price. [Read more]

Marathon Oil receives stockholder approval for proposed merger with ConocoPhillips

HOUSTON, Aug. 29, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) ("Marathon Oil") announced today that it received the necessary stockholder approval for Marathon Oil's pending merger with ConocoPhillips (NYSE: COP). Marathon Oil will file the vote results of the special stockholder meeting in a Form 8-K with the U.S. Securities and Exchange Commission (the "SEC"). Marathon Oil and ConocoPhillips continue to expect the transaction to close late in the fourth quarter of 2024, subject [Read more]

Enbridge Announces Conversion Results for Series 3 Preferred Shares

CALGARY, AB, Aug. 19, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that 1,502,775 of its outstanding Cumulative Redeemable Preference Shares, Series 3 (Series 3 Shares) were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Preference Shares, Series 4 of Enbridge (Series 4 Shares), effective on September 1, 2024. As a result, on September 1, 2024, Enbridge will have 22,497,225 Series 3 Shares and 1,502,775 Series 4 [Read more]

Strathcona Resources Ltd. reports second quarter 2024 financial and operating results and announces inaugural quarterly dividend

CALGARY, AB, Aug. 13, 2024 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today reported its second quarter 2024 financial and operational results. The Board of Directors also declared its inaugural base quarterly dividend of $0.25 per share to be paid on September 27, 2024 to shareholders of record on September 16, 2024.   Highlights Production of 181,766 boe/d (72% oil and condensate, 78% liquids)(1) Operating Earnings of $306.1 million [Read more]

Enbridge Provides Notice of Series 3 Preferred Shares Conversion Right and Announces Reset Dividend Rates

CALGARY, AB, Aug. 2, 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 3 (Series 3 Shares) (TSX: ENB.PR.Y) on September 1, 2024. As a result, subject to certain conditions, the holders of the Series 3 Shares have the right to convert all or part of their Series 3 Shares on a one-for-one basis into Cumulative Redeemable [Read more]

Enbridge Reports Strong Second Quarter 2024 Financial Results and Business Performance, Advances Strategic Priorities and Recasts Financial Outlook to include U.S. Gas Utilities Acquisitions

CALGARY, AB, Aug. 2, 2024 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported second quarter 2024 financial results, recast its 2024 financial guidance and provided a quarterly business update. 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.) Recast 2024 full year financial outlook to include [Read more]

ARC Resources Ltd. reports second quarter 2024 results

CALGARY, AB, Aug. 1, 2024 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its second quarter 2024 financial and operational results. HIGHLIGHTS ARC delivered second quarter 2024 production of 330,046 boe(1) per day (65 per cent natural gas and 35 per cent crude oil and liquids(2)), in line with the top end of the second quarter production guidance range of 325,000 to 330,000 boe per day. Second quarter production decreased four per cent year-over-year [Read more]