BOE Report

Ovintiv reports second quarter 2021 financial and operating results

Dividend Increased by ~50%, New Debt Target Established Second Quarter Highlights: Generated second quarter cash from operating activities of $750 million, non-GAAP cash flow of $733 million and non-GAAP free cash flow of $350 million Reduced net debt(1) by $1.2 billion to $5.2 billion; accelerated expected timeline of $4.5 billion net debt target to year-end 2021 Continued to demonstrate industry-leading capital efficiencies with operational efficiency gains and supply chain [Read more]

Pembina Reaffirms Existing Transaction

CALGARY, AB, July 16, 2021 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL) (NYSE: PBA) today confirmed that it does not intend to increase or otherwise change the consideration of 0.50 common shares of Pembina offered under its proposed acquisition of all of the common shares of Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) pursuant to the arrangement agreement signed by the parties, and unanimously recommended by the board of directors of Inter Pipeline (the "Strategic [Read more]

Ovintiv announces redemption of 3.90% notes due 2021

DENVER - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced that it has issued a notice to the trustee of its 3.90% notes due 2021 (the "2021 notes") to redeem the entire $517,823,000 aggregate principal amount. The outstanding 2021 notes will be redeemed, pursuant to their terms and conditions, on August 16, 2021. ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release is not a notice of redemption with respect to the 2021 notes. This news release contains certain [Read more]

Ovintiv to Host its Second Quarter 2021 Results Conference Call and Webcast on July 28, 2021

DENVER - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its second quarter 2021 results conference call at 7:30 a.m. MT, on Wednesday July 28, 2021. The Company plans to release its financial and operating results after market close, Tuesday July 27, 2021. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To participate in the conference call, please dial 888-664-6383 (toll-free [Read more]

$11.80 billion pipeline security markets – global forecasts from 2021 to 2026

DUBLIN - The "Pipeline Security Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering. The global pipeline security market is projected to grow at a CAGR of 6.79% during the forecast period, reaching a total market size of US$11.803 billion in 2026 from US$7.451 billion in 2019. Pipeline security is the protection of land-based pipelines against sabotage, illegal tapping, and terrorist activities using the pipelines. The global pipeline [Read more]

From confrontation to collaboration: reconciling relations between the energy sector and ESG investors

NEW YORK - The next five years will bring an intense period of change for industries in the energy and natural resources sector―oil and gas, utilities, chemicals, mining and agriculture―as many reinvent themselves to tackle climate change and navigate the energy and resource transitions. Some investors are betting against them, shifting money from notable incumbents to new companies with less historical baggage. Bain's first-ever Global Energy and Natural Resources Report argues it would be a [Read more]

Enbridge Inc. announces resignation of board member Gregory J. Goff

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Corporation) announces the resignation of Gregory J. Goff as a director of the Corporation, effective June 21, 2021.  Mr. Goff's decision to resign from the Board of Directors was not the result of any disagreement relating to the Corporation's operations, policies or practices.  Enbridge would like to thank Mr. Goff for his service and contribution to the Corporation. About Enbridge Inc. Enbridge Inc. is a leading North [Read more]

Unifor welcomes agreement to save Terra Nova

ST. JOHN'S, NL - The funding agreement reached between the Furey government and Suncor is a blueprint for good jobs and can revitalize the sector, says Unifor. "The investment in Terra Nova is a win for good jobs and a win for the people of Newfoundland and Labrador," said Jerry Dias, Unifor National President. "Jobs, royalties, corporate taxes, GDP boost. There were a lot of reasons to say 'yes' to renewing Terra Nova." Unifor began sounding the alarm about the investment requirements of [Read more]

Paramount Resources Ltd. acquires additional common shares of Canadian Premium Sand Inc.

CALGARY, AB - Paramount Resources Ltd. ("Paramount") has acquired 4,000,000 common shares ("Common Shares") of Canadian Premium Sand Inc. ("CPS") at a price of $0.25 per Common Share for aggregate consideration of $1,000,000. The acquisition was made as part of a private placement of an aggregate of 20,799,200 Common Shares completed by CPS on June 15, 2021 (the "Private Placement"). The Common Shares acquired by Paramount pursuant to the Private Placement represent 9.51% of the 42,043,660 [Read more]

ARC Resources Ltd. confirms quarterly dividend of $0.06 per share for July 15, 2021

CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly dividend amount of $0.06 per share for July 15, 2021 to shareholders of record on June 30, 2021. The ex-dividend date is June 29, 2021. At June 15, 2021, the trailing 12-month payments to shareholders total $0.24 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 characteristics. [Read more]