BOE Report

Crescent Point announces strategic Montney acquisition with Spartan Delta Corp. for $1.7 billion

CALGARY, AB - 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 Spartan Delta Corp. ("Spartan") to acquire Spartan's oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash (the "Transaction" or "Acquisition"). "Over the past five years, we have fundamentally rebuilt and strengthened Crescent Point," said Craig Bryksa, President and CEO of Crescent Point. [Read more]

Competition Bureau successful in challenge of Secure and Tervita merger

GATINEAU, QC - On March 3, 2023, the Competition Tribunal ruled in favour of the Commissioner of Competition in his challenge of Secure Energy Services' acquisition of Tervita Corporation. The Tribunal ordered Secure to sell 29 facilities to resolve the substantial lessening of competition found in 136 relevant markets. The Commissioner is pleased with the decision, which protects competition for oil and gas waste services used by producers in the Western Canadian Sedimentary Basin [Read more]

Crescent Point receives approval for normal course issuer bid

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce the Toronto Stock Exchange ("TSX") has accepted its notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 54,605,659 common shares, or 10 percent of the Company's public float, as at February 23, 2023. The NCIB is scheduled to commence on March 9, 2023 and is due to expire on March 8, 2024. Purchases of Crescent Point's common [Read more]

Enbridge provides update on strategic priorities, announces accretive investments, and introduces medium-term growth outlook

CALGARY, AB - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is providing an update on its strategic priorities and financial outlook, which will be further discussed at the Company's investor conference today in Toronto. A virtual broadcast of the event is also available for registered participants. Highlights Four growing businesses with best-in-class first-choice franchises Visible $3+ billion of annual investment in natural gas infrastructure, $1+ billion in [Read more]

GLE commences engineering on major carbon sequestration project

CALGARY, AB - Gas Liquids Engineering Ltd. (GLE) is pleased to announce the commencement of FEED (Front End Engineering and Design) on a major CO2 pipeline, compression, and sequestration system for Whitecap Resources, in the province of Saskatchewan. Whitecap currently operates one of the largest anthropogenic carbon sequestration projects in the world, transporting CO2 from two major industrial emitters to their existing Carbon Capture Utilization and Storage (CCUS) hub located near Weyburn, [Read more]

Ovintiv reports fourth quarter and year-end 2022 financial and operating results

Highlights: Full Year 2022 Generated net earnings of $3.6 billion, cash from operating activities of $3.9 billion, Non-GAAP Cash Flow of $4.1 billion and Non-GAAP Free Cash Flow of $2.3 billion after capital expenditures of $1.8 billion Reduced total long-term debt by approximately $1.2 billion; Non-GAAP Debt to Adjusted EBITDA ratio of 0.8 times at year-end, down from 1.5 times at year-end 2021 Returned $958 million to shareholders through the combination of base dividend payments [Read more]

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

CALGARY, AB - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0483 per common share in respect of February operations will be paid on March 15, 2023 to shareholders of record on February 28, 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 focused on profitable [Read more]

ARC Resources Ltd. reports record year-end results and reserves

CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its fourth quarter and year-end 2022 financial and operational results as well as its year-end 2022 reserves. ARC generated record production and funds from operations per share in the fourth quarter of 2022. In 2022, annual average production, net income, funds from operations, and free funds flow were the highest of any year in ARC's 26-year history. HIGHLIGHTS Fourth Quarter 2022 Results ARC [Read more]

Alberta Enterprise Corporation invests further into cleantech for an evolving energy industry

EDMONTON, AB - Alberta Enterprise announced today that it has invested USD $10 million into Evok Innovations second fund to continue developing and deploying clean technologies to accelerate the world's energy transition with a focus on carbon capture, electrification and hydrogen. AEC invests in Evok to accelerate the development of critical energy transition and industrial decarbonization. Recently, Evok announced its first Fund II investments, which included participation in a USD $50 [Read more]

Minister Wilkinson positions Canada as a clean energy and technology supplier of choice

Canada aims to be the clean energy and technology supplier of choice. In that context, significant opportunities exist in the Indo-Pacific region for Canada to expand trade and investment – as outlined in the Government of Canada's launched Canada's Indo-Pacific Strategy. Those opportunities are particularly promising in Japan, which is among Canada's top five trading partners. The Honourable Jonathan Wilkinson, Minister of Natural Resources, today concluded a trade mission which sought to [Read more]