BOE Report

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]

Enbridge announces the closing of CDN$4.6 billion common equity offering inclusive of underwriters’ over-allotment

CALGARY, AB, Sept. 8, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced it has closed its previously announced public offering (the Offering) of common shares by a syndicate of underwriters led by RBC Capital Markets and Morgan Stanley, together with BMO Capital Markets, CIBC Capital Markets, National Bank Financial Markets, Scotiabank, TD Securities as joint bookrunners. Enbridge issued 102,913,500 common shares inclusive of 13,423,500 common [Read more]

Persist Oil & Gas and Dienerian merge in an all-stock transaction

--Transaction Will Strengthen Persist's Position as an Emerging Player in the Southern Alberta Mannville Formation-- CALGARY, AB and HOUSTON, Sept. 6, 2023 /PRNewswire/ -- Persist Oil and Gas, Inc. ("Persist") and Dienerian Resources Inc. ("Dienerian") announced today that they have entered into a definitive agreement under which Persist and Dienerian have merged in an all-stock transaction. Dienerian was formed in 2017 with a commitment from Siguler Guff, the company's largest investor, to [Read more]

Greenfire announces tender offer for its 12.000% senior secured notes due 2025

NEW YORK, Sept. 5, 2023 /PRNewswire/ -- Greenfire Resources Inc. (formerly GAC HoldCo Inc.), an Alberta corporation (the "Company," "we," "us" or "our"), today announced the commencement of a cash tender offer (the "Tender Offer") for any and all of its outstanding 12.000% senior secured notes due 2025 (the "Notes"), on the terms and subject to the conditions set forth in the Offer to Purchase (the "Offer to Purchase"), dated the date hereof, and the related Notice of Guaranteed Delivery [Read more]

Dominion Energy Advances Business Review; Announces Agreements to Sell Gas Distribution Companies to Enbridge

  Consistent with the previously outlined commitments & priorities of the ongoing business review Transactions valued at $14.0 billion – all cash consideration of $9.4 billion plus assumption of debt Highly credit accretive—100% of after-tax proceeds expected to be used to retire debt All sales expected to close by end of 2024, subject to customary regulatory approvals Company now expects to conclude review and announce repositioned outlook during the fourth quarter of [Read more]

Crescent Point announces sale of its North Dakota assets

CALGARY, AB, Aug. 24, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has entered into an agreement (the "Agreement") with a private operator to sell its North Dakota assets (the "Assets") for US$500 million (approximately $675 million) in cash (the "Transaction"). "Over the last few years, we have taken several strategic steps to optimize our portfolio," said Craig Bryksa, President and CEO of Crescent [Read more]

Whitecap Resources Inc. confirms monthly dividend for August of $0.0483 per share

CALGARY, AB, Aug. 15, 2023 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0483 per common share in respect of August operations will be paid on September 15, 2023 to shareholders of record on August 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]