BOE Report

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]

Whitecap Resources Inc. Announces 2023 Capital Budget Focused On Shareholder Returns

CALGARY, AB, Sept. 27, 2022 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce its 2023 capital investment budget of $900 - $950 million and average production guidance of 170,000 – 172,000 boe/d1 (64% liquids), resulting in significant free funds flow for elevated shareholder returns in 2023. We plan to drill 253 (214.2 net) wells across our three business units (Central Alberta, Northern Alberta & B.C., and Saskatchewan), which is expected to [Read more]

Canadians see our energy products as boost to global sustainability

CALGARY, AB - A strong majority of Canadians (more than seven in ten respondents) believe Canada's liquified natural gas (LNG) can help improve global energy security and sustainability efforts, according to a new public opinion poll conducted by Research Co. for advocacy organization Canada Action during September 16 and 17. Seventy-three percent of respondents said our country should advocate for Canada's energy sector as a leader in environmentally sustainable production. Almost eight in [Read more]

Hammerhead Resources Inc. and Decarbonization Plus Acquisition Corporation IV announce $1.39 billion business combination; combined company to be listed on Nasdaq

MENLO PARK, Calif. and CALGARY, AB - Hammerhead Resources Inc., a Calgary-based energy company ("Hammerhead"), and Decarbonization Plus Acquisition Corporation IV (Nasdaq: DCRD, DCRDW, DCRDU), a special purpose acquisition company ("DCRD"), announced today that they have entered into a definitive agreement for a business combination that values Hammerhead at C$1.39 billion.  Upon closing of the transaction, the combined company is expected to be listed on the Nasdaq Capital Market ("Nasdaq") and [Read more]

Vermilion Energy corrects ex-dividend date for the Q3 2022 dividend payment

CALGARY, AB - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) announces a correction to the ex-dividend date for the dividend payment on October 17, 2022.  The ex-dividend date will be September 28, 2022, rather than the previously announced date of September 29, 2022, due to the statutory holiday on September 30, 2022. All other dates and information relating to the dividend payment on October 17, 2022, previously communicated in Vermilion's August 11, 2022 press release, remain [Read more]

New pipeline projects appear enough to solve recurring capacity constraints for Canadian crude – But permanent relief is not guaranteed

CALGARY, AB - One of the main challenges for the growing western Canadian oil industry—a recurring shortfall in export pipeline capacity and the oil price instability that comes with it—has been alleviated by major capacity additions, with another project that would provide more breathing room close to completion. However, a S&P Global Commodity Insights analysis finds that the situation may not last, and may experience tightness again in the future, depending on various factors. The [Read more]