BOE Report

Pembina Pipeline Corporation reports strong results for the first quarter 2022, raises 2022 guidance and provides business update

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today its financial and operating results for the first quarter 2022. Highlights Record Quarterly Results – delivered first quarter earnings of $481 million and record quarterly adjusted EBITDA of $1 billion, reflecting higher natural gas liquids and crude oil prices and margins, and rising volumes on key systems. Guidance Raised – 2022 adjusted EBITDA guidance range has been [Read more]

ARC Resources Ltd. reports strong first quarter 2022 results and a 20 per cent increase to its dividend

CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its first quarter 2022 financial and operational results and provided revisions to its 2022 guidance. HIGHLIGHTS ARC delivered first quarter 2022 production of 344,447 boe(1)(2) per day (62 per cent natural gas and 38 per cent crude oil and liquids). Cash flow from operating activities was $759 million and funds from operations was $744 million(3) ($1.08 per share)(4), driven by strong average realized [Read more]

Enerplus announces a 30% dividend increase effective with the June 2022 dividend payment

CALGARY, AB - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) today announced that it has received Board approval to increase the amount of its dividend by 30%. The June 2022 quarterly cash dividend will be in the amount of US$0.043 per share and payable on June 15, 2022, to all shareholders of record at the close of business on May 27, 2022. The ex-dividend date for this payment is May 26, 2022. The US$0.043 per share dividend is equivalent to approximately CDN$0.055 per share if [Read more]

Rockpoint Gas Storage Canada Ltd. partners with Plug, Certarus and FortisBC in first of its kind hydrogen storage transaction

CALGARY, AB - A partnership of leading energy companies signed a Memorandum of Understanding (MOU) to produce, transport, and burn hydrogen in a small-scale pilot project at the Suffield natural gas storage facility (part of the AECO HubTM) in Alberta ("Suffield"). It is anticipated that in fall 2022, green hydrogen will be trucked to Alberta and delivered to its destination turning the concept into reality. The aim of the project is to demonstrate and analyze the entire value chain of [Read more]

Gibson Energy announces voting results for election of Board of Directors

CALGARY, AB - Gibson Energy Inc. announced today the voting results for the election of directors at the Company's virtual annual general and special meeting of shareholders that was held on May 3, 2022. Voting Results Name of Nominee Votes For (%) For Votes Withheld (%) Withheld James M. Estey 96,668,489 97.88% 2,098,222 2.12% Douglas P. Bloom 98,136,249 99.36% 630,462 0.64% James J. Cleary 97,980,129 99.20% 786,582 0.80% Judy E. [Read more]

Enbridge provides notice of Series B and 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 B (Series B Shares) (TSX:  ENB.PR.B) or its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series C (Series C Shares) (TSX: ENB.PR.C) on June 1, 2022. As a result, subject to certain conditions, the holders of the Series B Shares have the [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 July 15, 2022, to shareholders of record at the close of business June 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]

Gibson Energy announces 2022 first quarter results

CALGARY, AB - Gibson Energy Inc. announced today its financial and operating results for the three months ended March 31, 2022. "We are pleased to report a strong start to 2022 from both an operational and financial perspective, with the Infrastructure segment delivering another steady quarter, Marketing performance slightly above our outlook and the continued advancement of numerous discussions around the potential sanction of tankage, additional phases of the DRU and energy [Read more]

Elliott Investment Management sends letter to the board of Suncor Energy Inc.

WEST PALM BEACH -- Elliott Investment Management L.P. ("Elliott"), which manages funds that have made an investment representing approximately a 3.4% economic interest in Suncor Energy Inc. (NYSE:SU) (the "Company" or "Suncor"),1 today sent a letter and presentation to the Board of Directors of Suncor. According to the letter, the purpose of the materials is to outline the right path forward to restore Suncor to its role as a leader of the Canadian energy industry. Suncor has seen a decline [Read more]

Vermilion Energy Inc. announces the closing of its senior unsecured notes offering

CALGARY, AB - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) announces the closing of our previously announced private offering (the "Offering") of US$400 million aggregate principal amount of 8-year senior unsecured notes (the "New Notes"), which were priced at 99.241% of par. The New Notes mature on May 1, 2030 and have a fixed coupon of 6.875% per annum, paid semi-annually on May 1 and November 1, commencing November 1, 2022. The Company has [Read more]