BOE Report

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]

Ovintiv Posts Montney webcast materials

DENVER - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) released materials associated with its Montney webcast and conference call, planned for today at 9:00 a.m. MT (11:00 a.m. ET). The materials can be found on the company's website, www.ovintiv.com, under Investors/Presentations and Events. The webcast will be archived for approximately 90 days. To join the webcast, please use the following URL: https://app.webinar.net/2wgpZWzQJPV Analysts may participate in the conference call by dialing [Read more]

Whitecap Resources Inc. confirms monthly dividend for September of $0.0367 per share

CALGARY, AB - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0367 per common share in respect of September operations will be paid on October 17, 2022 to shareholders of record on September 30, 2022.  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 [Read more]

Arc Resources Ltd. confirms quarterly dividend of $0.12 per share for October 17, 2022

CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly dividend amount of $0.12 per share for October 17, 2022 to shareholders of record on September 30, 2022. The ex-dividend date is September 29, 2022. At September 15, 2022, the trailing 12-month payments to shareholders total $0.386 per share. About ARC ARC Resources Ltd. is the largest pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations and leading ESG [Read more]

Pembina Pipeline Corporation declares September 2022 common share dividend

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors has declared a common share cash dividend for September 2022 of $0.2175 per share to be paid, subject to applicable law, on October 14, 2022, to shareholders of record on September 23, 2022. As previously announced, Pembina's Board of Directors approved a $0.0075 per common share increase to its monthly common share dividend rate to $0.2175 in connection with [Read more]

Minister O’Regan concludes participation in Offshore Northern Seas 2022 conference

GATINEAU, QC - Workers and their communities are at the heart of Canada's energy transition and economic prosperity. As we build toward a net-zero future that empowers workers, collaborating with our international partners will be key. Today, the Minister of Labour, Seamus O'Regan Jr., concluded his visit to Norway, where he participated in the Offshore Northern Seas 2022 conference. While in Norway, Minister O'Regan met with representatives of the Government of Norway, including the Prime [Read more]