BOE Report

S&P global commodity insights raises 10-year production outlook for Canadian oil sands for first time in more than half decade

CALGARY, AB - Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oil sands production outlook in more than half a decade. The new forecast, produced by the S&P Global Commodity Insights Oil Sands Dialogue, expects Canadian oil sands production to reach 3.7 million barrels per day (mbd) by 2030—half a million barrels per day higher than today. The new projection represents an increase of 140,000 [Read more]

Whitecap Resources Inc. announces receipt of proposal letter from the Canada Revenue Agency to reassess and intention to defend

CALGARY, AB - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) announces that it has received a letter (the "Proposal Letter") from the Canada Revenue Agency (the "CRA") advising that, subject to submissions by Whitecap, the CRA is proposing to reassess a former subsidiary of Whitecap to deny non-capital loss deductions relevant to the calculation of income taxes for the years 2018 and 2019. In 2014, Whitecap acquired a private entity that held an interest in certain oil and natural gas assets [Read more]

Enerplus appoints Ward Polzin to its board of directors

CALGARY, AB, May 23, 2023 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) today announced the appointment of Mr. Ward Polzin to its board of directors. Mr. Polzin is the Founder and Executive Chairman at Camino Natural Resources. He is a Venture Partner of NGP Energy ("NGP"), a private equity investment firm based in Dallas, TX, and brings with him over 35 years of leadership, engineering, commercial, financial, and investing experience in the energy industry. "We are very [Read more]

Crescent Point announces 2023 annual meeting of shareholders results

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) held its Annual Meeting of Shareholders ("the meeting") on May 18, 2023. During the regular business proceedings at the meeting, shareholders elected all director nominees to the Board of Directors of the Company (the "Board") and approved all other items of business brought before the meeting. Voting results for all resolutions and advisory votes are below. 1.  Fixing the Number of [Read more]

Enbridge publishes 22nd Sustainability Report

Progress against ESG goals and commitments continue CALGARY, AB, May 18, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today published its 22nd annual Sustainability Report (Report), providing stakeholders with details of progress made in environmental, social, and governance (ESG) performance. "In 2020, we set ambitious goals across all aspects of E, S and G with clear pathways to achieving them," said Pete Sheffield, Enbridge Vice President and Chief [Read more]

Enbridge announces conversion results for Series F preferred shares

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that 1,827,695 of its outstanding Cumulative Redeemable Preference Shares, Series F (Series F Shares) were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Preference Shares, Series G of Enbridge (Series G Shares), effective on June 1, 2023. As a result, on June 1, 2023, Enbridge will have 18,172,305 Series F Shares and 1,827,695 Series G Shares issued and outstanding. The [Read more]

Enbridge announces conversion results for Series 1 preferred shares

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 1 (Series 1 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 2 (Series 2 Shares) on June 1, 2023. After taking into account all conversion notices received from holders of its outstanding Series 1 Shares by the May 17, 2023 deadline for the conversion of the Series 1 Shares into Series 2 Shares, less than the [Read more]

Whitecap Resources Inc. provides update on impact of the Alberta wildfires

CALGARY, AB, May 17, 2023 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) advises that wildfires in Alberta have continued to impact operations in northern Alberta and in northeast British Columbia. The safety and health of our employees and contractors continues to be our top priority and there has been no significant damage to Whitecap's infrastructure or safety incidents at this time. Whitecap along with our employees will be financially supporting the Canadian Red [Read more]

Whitecap Resources Inc. announces results of shareholders’ meeting, TSX approval for renewal of normal course issuer bid and confirms monthly dividend for May of $0.0483 per share

CALGARY, AB, May 17, 2023 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 263,085,415 common shares representing 43.63% of Whitecap's issued and outstanding common shares were voted in connection with the meeting. At the meeting, by ordinary resolution, the number of directors to be elected at the meeting was fixed at ten. [Read more]

Crescent Point Energy provides further update on Alberta wildfires

CALGARY, AB, May 16, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) advises that it has shut-in its Kaybob Duvernay production due to the ongoing Alberta wildfires. A portion of this production was recently reactivated in the prior week, however Crescent Point is temporarily shutting back-in the remainder of its 45,000 boe/d of production in the area as a precautionary measure due to changing wildfire conditions. No damage has been [Read more]