BOE Report

Enbridge Reports Strong Third Quarter 2022 Financial Results and Secures B.C. Pipeline Expansion

CALGARY, AB, Nov. 4, 2022 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported third quarter 2022 financial results, announced $3.8 billion of newly secured growth projects, including an expansion of the T-South segment of the B.C. Pipeline, and reaffirmed its 2022 financial outlook. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP [Read more]

Arc Resources Ltd. Reports Third Quarter 2022 Results, Dividend Increase, And Announces 2023 Budget

CALGARY, AB, Nov. 3, 2022 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its third quarter 2022 financial and operational results and announced its 2023 budget. HIGHLIGHTS Q3 2022 Results - ARC delivered quarterly production of 342,034 boe(1)(2) per day (60 per cent natural gas and 40 per cent crude oil and liquids), cash flow from operating activities of $1,104 million, and generated funds from operations of $953 million(3) ($1.45 per share)(4). ARC [Read more]

Enerplus Announces Sale of Remaining Canadian Assets

CALGARY, AB, Nov. 2, 2022 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today announced that it has entered into a definitive agreement to sell substantially all of its remaining Canadian assets located in Alberta and Saskatchewan (the "Assets") to Surge Energy Inc. ("Surge") for total consideration of CDN$245 million (US$180 million), prior to closing adjustments, with an effective date of May 1, 2022. The consideration comprises CDN$210 million in cash and [Read more]

Gibson Energy declares dividend

CALGARY, AB - Gibson Energy Inc. announced today that its Board of Directors has approved a quarterly dividend of $0.37 per common share payable on January 17, 2023, to shareholders of record at the close of business December 30, 2022. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson's dividends are subject to Canadian withholding tax. About Gibson Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI), is a [Read more]

Crescent Point Announces Q3 2022 Results and 2023 Budget

CALGARY, AB, Oct. 26, 2022 /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, 2022, its formal 2023 budget, a quarterly dividend and a special dividend, while also updating its five-year outlook. KEY HIGHLIGHTS Generated $233.7 million of excess cash flow in third quarter, driven by the Company's high netback asset base. Returning 50 percent [Read more]

Vermilion Energy Inc. Acquires Common Shares of Coelacanth Energy Inc.

CALGARY, AB, Oct. 4, 2022 /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 file [Read more]

Enbridge Announces Al Monaco’s Retirement; Names Greg Ebel as President and CEO

CALGARY, AB, Oct. 3, 2022 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced Al Monaco's retirement as President and Chief Executive Officer and from its Board of Directors effective January 1, 2023. Concurrent with this announcement and after considering internal and external candidates, the Board of Directors has appointed Greg Ebel, currently Board Chair, to succeed Mr. Monaco as President and Chief Executive Officer. Mr. Ebel will also continue as a [Read more]

Enbridge enhances North American renewables business with acquisition of Tri Global Energy

CALGARY, AB - Enbridge Inc. ("Enbridge" or "the Company") (TSX: ENB) (NYSE: ENB) today announced it has acquired Tri Global Energy ("TGE"), a leading US renewable project developer, for US$270 million in cash and assumed debt. Additionally, up to approximately US$50 million in payments could be made contingent on successful execution of TGE's project portfolio. TGE is currently the third largest onshore wind developer in the US, with a development portfolio of wind and solar projects [Read more]

Ovintiv renews annual share buy-back program

DENVER - 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 supports the goal of unlocking shareholder value by delivering on Ovintiv's strategic priorities of financial strength, increasing cash returns to shareholders, generating superior returns on capital investment, and driving ESG progress. In July of 2022, the Company [Read more]