BOE Report

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

CALGARY, AB, Dec. 14, 2023 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of December operations will be paid on January 15, 2024 to shareholders of record on December 31, 2023.  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 is [Read more]

Enbridge announces $3.1 billion sale of its interests in Alliance Pipeline and Aux Sable

CALGARY, AB, Dec. 13, 2023 /PRNewswire/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement to sell its 50.0% interest in Alliance Pipeline ("Alliance") and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation ("Pembina") (PPL: TSX) (NYSE: PBA) for a purchase price of $3.1 billion, including non-recourse debt at Alliance of approximately $0.3 billion, and subject to customary closing adjustments. Alliance delivers [Read more]

Vermilion Energy Inc. announces 2024 budget, updated return of capital framework and 20% dividend increase

CALGARY, AB, Dec. 12, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce its 2024 budget and updated return of capital framework, including a 20% dividend increase. Highlights 2024 fund flows from operations ("FFO")(1) and free cash flow ("FCF")(2) are forecasted to be approximately $1.3 billion and $700 million, respectively, based on forward commodity prices(3); FCF represents an approximately 40% [Read more]

Canada introduces framework to cap greenhouse gas pollution from oil and gas sector

OTTAWA, ON, Dec. 7, 2023 /CNW/ - Canadians are making decisions and choices today that will profoundly impact the world we leave to our children and grandchildren. Climate action pays immediate dividends in good jobs and cleaner air and water, but it also opens up more opportunities for the generations that will follow. Every sector of the economy has a part to play in cutting pollution, particularly the oil and gas sector—one of a few where greenhouse gas pollution levels continue to [Read more]

Gibson Energy announces 2024 capital budget and addition of two new Directors to its Board

All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB, Dec. 4, 2023 /PRNewswire/ - Gibson Energy Inc. ("Gibson" or the "Company") announced today target growth(1) capital expenditures of $150 million in 2024. Additionally, Gibson's Board of Directors has approved the allocation of between $40 million and $45 million in replacement(1) capital expenditures in 2024. The Company expects 2023 growth capital expenditures of approximately $125 million. "I am pleased to [Read more]

Canadian Gas Industry announces new Methane Management Coalition

OTTAWA, ON, Nov. 30, 2023 /CNW/ - Today, the Canadian Gas Association and the Canadian Energy Partnership for Environmental Innovation (CEPEI) are pleased to announce the Canadian Methane Management Coalition (CMMC or the "Coalition"). Build on Canada's position as a global leader in reducing methane emissions from the natural gas value chain. Under the direction of industry champions Mike Rose, President and CEO of Tourmaline Oil Corp., and Michele Harradence, Executive Vice President [Read more]

ARC Resources announces second long-term natural gas supply agreement with Cheniere

Agreement broadens the Company's market diversification with access to Europe and TTF-linked pricing CALGARY, AB, Nov. 29, 2023 /CNW/ - (TSX: ARX) ARC Resources Ltd., through its subsidiary ARC Resources U.S. Corp. (collectively, "ARC" or the "Company"), today announced it has entered into a long-term natural gas supply agreement ("the Agreement") with Sabine Pass Liquefaction Stage V, LLC, a subsidiary of Cheniere Energy, Inc. ("Cheniere"). Under the agreement, ARC will supply 140,000 [Read more]

Enbridge announces 2024 financial guidance and 3% dividend increase

CALGARY, AB, Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today its 2024 financial guidance and an annualized common share dividend increase from $3.55 to $3.66 per share effective March 1, 2024. HIGHLIGHTS (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. See the Non-GAAP and Other Financial Measures section of this news release) Announced 2024 [Read more]

Enbridge Inc. announced 3.1% quarterly dividend increase for 2024

CALGARY, AB, Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.9150 per common share, payable on March 1, 2024 to shareholders of record on February 15, 2024.  The declared dividend represents a 3.1% increase from the prior quarterly rate and the twenty-ninth consecutive year in which the Company has increased its common share dividend. DIVIDEND DECLARATION On [Read more]

TransAlta announces growth targets to 2028, financial outlook for 2024 and declares dividend increase of 9%

CALGARY, AB, Nov. 21, 2023 /PRNewswire/ - Highlights Expanded growth targets to deliver up to 1.75 GW with a target investment of $3.5 billion by 2028 which will deliver annual EBITDA of $350 million Growth will focus on customer-centred renewables and storage through the execution of its current 4.8 GW development pipeline Expand development pipeline to reach 10 GW by 2028 to enable additional growth potential TransAlta's Board of Directors has approved a dividend increase on [Read more]