BOE Report

Ovintiv announces upsize and pricing of offering of common stock by a selling stockholder

DENVER, Nov. 20, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced the upsize and pricing of a previously announced underwritten public offering of its common stock (the "Offering") by NMB Stock Trust, a Delaware statutory trust (the "Selling Stockholder"). The size of the Offering increased from the previously announced 8,400,000 shares to an aggregate of 9,400,000 shares of the Company's common stock at a price to the public of US$44.35 per share, for [Read more]

Ovintiv announces secondary offering of common stock by a selling stockholder

DENVER, Nov. 20, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV), (TSX: OVV) (the "Company" or "Ovintiv") today announced that NMB Stock Trust, a Delaware statutory trust (the "Selling Stockholder"), intends to offer for sale 8,400,000 shares of the Company's common stock, par value US$0.01 per share, pursuant to the Company's shelf registration statement previously filed with the Securities and Exchange Commission (the "Offering"). Ovintiv issued the shares to the Selling Stockholder on June 12, [Read more]

Government of Canada launches $1.5-billion Critical Minerals Infrastructure Fund

OTTAWA, ON, Nov. 20, 2023 /CNW/ - Critical minerals are key enablers of clean technologies, like batteries, and clean energy sources, such as wind turbines and solar panels, which are essential to achieving a net-zero-emissions future and fighting climate change. Canada is already a leading supplier of sustainably sourced minerals and materials and is committed to making strategic investments to reinforce its position and drive job creation and economic growth in every region of the [Read more]

Vermilion Energy Inc. acquires common shares and warrants of Coelacanth Energy Inc.

CALGARY, AB, Nov. 16, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) announces that it has filed an early warning report (the "Early Warning Report") in respect of its holdings in Coelacanth Energy Inc. ("Coelacanth"). Vermilion has acquired ownership of, or control and direction over, additional common shares ("Common Shares") of Coelacanth in an amount equal to more than 2% of the issued and outstanding Common Shares, thereby triggering the requirement to [Read more]

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

CALGARY, AB, Nov. 15, 2023 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0608 per common share in respect of November operations will be paid on December 15, 2023 to shareholders of record on November 30, 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]

Strathcona Resources Ltd. reports third quarter 2023 results and announces 2023 and 2024 guidance

CALGARY, AB, Nov. 13, 2023 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) today reported its third quarter 2023 financial and operational results. These results do not include contribution from Pipestone Energy Corp. ("Pipestone"), one of the Company's predecessors which was acquired by Strathcona by way of a plan of arrangement (the "Pipestone Transaction"), which was completed subsequent to the quarter end, on October 3, 2023. A copy of Pipestone's 2023 [Read more]

TransAlta reports third quarter 2023 results

CALGARY, AB, Nov. 7, 2023 /PRNewswire/ - Third Quarter 2023 Financial Highlights Earnings before income taxes of $453 million, an improvement of $327 million from the same period in 2022 Net earnings attributable to common shareholders of $372 million, an increase of $311 million from the same period in 2022 Cash flow from operating activities of $681 million, an increase of $477 million from the same period in 2022 Adjusted EBITDA(1) of $453 million, a decrease of 18% over the [Read more]

TransAlta to acquire Heartland Generation from Energy Capital Partners for $658 million – expands capabilities to meet demands of energy transition

CALGARY, AB, Nov. 2, 2023 /PRNewswire/ - Highlights Highly accretive to free cash flow and cash yield upon closing with approximately 55% of revenues contracted with a weighted-average remaining life of 16 years Transaction valued at approximately $658 million, inclusive of the assumption of $268 million of low-cost debt, with an expected EBITDA multiple of approximately 5.5x Corporate pre-tax synergies expected to exceed $20 million annually Adds 1,844 MW (net interest) of [Read more]

Crescent Point announces Q3 2023 results

CALGARY, AB, Nov. 2, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2023. KEY HIGHLIGHTS Generated third quarter excess cash flow of $322 million ($0.60 per share), with full-year 2023 expected to total over $1.0 billion. Returned $480 million to shareholders year-to-date, including $188 million or 60 percent of excess cash flow, [Read more]

Crescent Point confirms quarterly dividend and declares third quarter special dividend

CALGARY, AB, Nov. 2, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) announces its Board of Directors has declared a quarterly cash base dividend and a special cash dividend in alignment with the Company's return of capital framework. The quarterly cash base dividend of CDN $0.10 per share will be paid on January 2, 2024 for shareholders of record on December 15, 2023. Based on Crescent Point's third quarter 2023 financial results, a [Read more]