BOE Report

Strathcona Resources Ltd. announces closing of Pipestone Energy Corp. acquisition

CALGARY, AB, Oct. 3, 2023 /PRNewswire/ - Strathcona Resources Ltd. ("Strathcona") announced today that it has closed the acquisition (the "Acquisition") of Pipestone Energy Corp. ("Pipestone"). The Acquisition will result in Strathcona becoming a publicly traded reporting issuer on the Toronto Stock Exchange. The Acquisition was structured through a plan of arrangement under the Business Corporations Act (Alberta), where existing Pipestone shareholders received 0.067967 common shares of [Read more]

‘Do Not Ever Divest of Hydrocarbons’ – Larry Fink; COP-28 in UAE Promises Energy Reality says Friends of Science Society

In a Bloomberg interview in Berlin, Larry Fink of BlackRock said 'do not ever divest of hydrocarbons' as they will be with us for a long, long time, bringing energy reality to the fore, says Friends of Science Society. UAE COP-28 president-elect, Sultan al-Jaber also says "…we need to sober up and be more realistic and more practical," referring to climate activists clamoring for immediate fossil fuel phase-out, who are agitating against his leadership at COP28. CALGARY, Alberta, Oct. 3rd, [Read more]

Enbridge Gas announces new capacity open season for C1 transportation service

Firm transportation capacity along Dawn paths starting in 2026. TORONTO, Sept. 27, 2023 /PRNewswire/ - Enbridge Gas is holding a new capacity open season for C1 firm transportation service of up to 317,000 GJ/d beginning on Nov. 1, 2026, for a minimum five-year term along the following the Dawn (Facilities) to Dawn (Vector) transportation path. The Enbridge Gas Dawn Parkway System is one of the most robust pipeline systems in North America and provides for the movement of natural gas from [Read more]

Ovintiv renews annual share buy-back program

Company Receives TSX Approval for Renewal of Normal Course Issuer Bid DENVER, Sept. 26, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with the Company's capital allocation framework, which returns at least 50 percent of post base dividend Non-GAAP Free Cash Flow to shareholders. The Toronto Stock Exchange ("TSX") has accepted Ovintiv's notice of intention [Read more]

Results of Greenfire tender offer for any and all of its 12.000% senior secured notes due 2025

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Greenfire Resources Inc. (formerly GAC HoldCo Inc.), an Alberta corporation (the "Company," "we," "us" or "our"), today announced the results of its previously announced tender offer (the "Tender Offer") for any and all of its outstanding 12.000% Senior Secured Notes due 2025 (CUSIP Nos. 36136L AA2 / C7054L AA8; ISIN US36136LAA26 / USC7054LAA82) (the "Notes"), which expired as of 5:00 p.m., New York City time, on September 15, 2023 (the "Expiration [Read more]

ARC Resources Ltd. confirms quarterly dividend of $0.17 per share for October 16, 2023

CALGARY, AB, Sept. 15, 2023 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly eligible dividend amount of $0.17 per share for October 16, 2023 to shareholders of record on September 29, 2023. At September 15, 2023, the trailing 12-month payments to shareholders total $0.59 per share. About ARC ARC Resources Ltd. is the largest pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations and leading ESG performance. [Read more]

Enbridge announces executive leadership changes

CALGARY, AB, Sept. 12, 2023 /PRNewswire/ - Today, Greg Ebel, President & Chief Executive Officer of Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced the following executive leadership changes. Mr. Reggie Hedgebeth has been appointed Executive Vice President, External Affairs & Chief Legal Officer and Ms. Laura Buss Sayavedra has been appointed Senior Vice President, Projects & Chief Administrative Officer, effective January 1, 2024. These appointments follow the decisions of Bob [Read more]

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

DENVER, Sept. 11, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) ( TSX: OVV) (the "Company") today announced the pricing of an underwritten public offering of 15,000,000 shares of its common stock by NMB Stock Trust, a Delaware statutory trust (the "Selling Stockholder"), for gross proceeds of approximately US$684.8 million (the "Offering"). The Company will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares in the Offering. The [Read more]

Crescent Point provides preliminary 2024 budget and updated five-year outlook

CALGARY, AB, Sept. 11, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to provide its preliminary 2024 budget and an updated five-year outlook. KEY HIGHLIGHTS Annual production of 145,000 to 151,000 boe/d in 2024 based on development capital expenditures of $1.05 to $1.15 billion. Generating significant excess cash flow of over $1.0 billion in 2024 at US$80/bbl WTI. Increasing proportion of capital allocated to [Read more]

Vermilion Energy Inc. announces restart of Wandoo facility and provides operational update

CALGARY, AB, Sept. 11, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to provide an update on our Australia and Ireland operations and European gas hedge program. We are pleased to report that we now expect Q3 2023 production to come in at the upper end of our quarterly guidance range of 80,000 to 83,000 boe/d due to positive developments in Australia and Ireland. In Australia, we successfully completed the remaining [Read more]