BOE Report

Enerplus Announces Second Quarter 2022 Results; Increases Return of Capital Framework; Increases Dividend; Updates Guidance and Five-Year Outlook

CALGARY, AB, Aug. 4, 2022 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today announced financial and operating results for the second quarter of 2022, an increase to its return of capital framework including its dividend, updated 2022 guidance and updates to its five-year outlook. The Company reported second quarter 2022 cash flow from operating activities and adjusted funds flow of $250.9 million and $297.4 million, respectively, compared to $110.5 million [Read more]

Enerplus Announces a 16% Dividend Increase Effective with the September 2022 Dividend Payment

CALGARY, AB, Aug. 4, 2022 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) today announced that it has received Board approval to increase the amount of its quarterly dividend by 16%. The September 2022 quarterly cash dividend will be in the amount of US$0.05 per share and payable on September 15, 2022 to all shareholders of record at the close of business on August 31, 2022. The ex-dividend date for this payment is August 30, 2022. The US$0.05 per share dividend is equivalent [Read more]

TC Energy announces $1.8 billion bought deal offering of Common Shares

CALGARY, AB, Aug. 4, 2022 /PRNewswire/ - TC Energy Corporation (TSX: TRP) (NYSE: TRP) (TC Energy or the Company) today announced that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Scotiabank, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 28,400,000 common shares of the Company (the Common Shares) at a price of $63.50 per Common Share (the Offering Price), for gross proceeds of approximately $1.8 billion (the [Read more]

Enbridge provides notice of Series L preferred shares conversion right and announces reset dividend rates

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series L (Series L Shares) (TSX: ENB.PF.U) on September 1, 2022. As a result, subject to certain conditions, the holders of the Series L Shares have the right to convert all or part of their Series L Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series M [Read more]

Gibson Energy announces 2022 second quarter results

CALGARY, AB - Gibson Energy Inc. announced today its financial and operating results for the three and six months ended June 30, 2022. "We are pleased to report another solid quarter from both an operational and financial perspective, with both the Infrastructure and Marketing segments performing in-line with our expectations," said Steve Spaulding, President and Chief Executive Officer. "Beyond our consistent financial results in the first half of 2022, we are pleased to have placed the [Read more]

Enbridge Reports second quarter 2022 financial results and announces $3.6 billion of newly secured projects this quarter

CALGARY, AB, July 29, 2022 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported second quarter 2022 financial results, reaffirmed its 2022 financial outlook and announced $3.6 billion of newly secured growth projects this quarter. Highlights (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) Second quarter GAAP earnings [Read more]

Pacific Energy and Enbridge announce partnership in Woodfibre LNG

VANCOUVER, BC, July 29, 2022 /PRNewswire/ - Pacific Energy Corporation Limited (Pacific Energy) and Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced an agreement to jointly invest in the construction and operation of the Woodfibre LNG project. Woodfibre LNG is a 2.1 million-tonne-per-year liquefied natural gas (LNG) export facility with 250,000M3 of floating storage capacity being built near Squamish, B.C. The project is underpinned by two long-term offtake [Read more]

Enerplus announces sale of certain Canadian assets

CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today announced that it has entered into a definitive agreement to sell certain Canadian assets (the "Assets") located in Alberta to Journey Energy Inc. ("Journey") for total consideration of CDN$140 million (US$109 million), prior to closing adjustments. Under the terms of the agreement, the total consideration comprises cash of CDN$81 million, 3.0 million common shares in Journey valued at CDN$14 million [Read more]

ARC Resources Ltd. reports record second quarter 2022 results

CALGARY, AB, July 28, 2022 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its second quarter 2022 financial and operational results. HIGHLIGHTS Second quarter 2022 production averaged 336,112 boe(1)(2) per day (60 per cent natural gas and 40 per cent crude oil and liquids). Cash flow from operating activities was $1,093 million and funds from operations was $1,030 million(3) ($1.52 per share)(4). Market diversification generated higher realized [Read more]

Competition Bureau takes action to protect competition in pipeline transportation for natural gas liquids in Western Canada

GATINEAU, QC - Yesterday, the Competition Bureau registered a consent agreement with the Competition Tribunal to address its concerns related to certain aspects of the proposed formation of a gas processing joint venture between Pembina Pipeline Corporation and KKR's Global Infrastructure Funds. In particular, the Commissioner had concerns with the acquisition of a 50% interest in the Key Access Pipeline System (KAPS) project resulting from the associated purchase of the remaining portion of [Read more]