BOE Report

TORC Oil & Gas Ltd. announces first quarter 2020 financial & operating results and corporate update

CALGARY - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce financial and operating results for the three months ended March 31, 2020.  The associated Management's Discussion and Analysis ("MD&A") and unaudited interim financial statements as at and for the quarter ended March 31, 2020 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended (in thousands, except per share [Read more]

Enbridge Provides Notice of Series 13 Preferred Shares Conversion Right and Announces Reset Dividend Rates

CALGARY - 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 13 (Series 13 Shares) (TSX: ENB.PF.E) on June 1, 2020. As a result, subject to certain conditions, the holders of the Series 13 Shares have the right to convert all or part of their Series 13 Shares on a one-for-one basis into Cumulative Redeemable Preference Shares, Series 14 of [Read more]

Whitecap Resources Inc. Announces Results of Shareholders’ Meeting

CALGARY, April 22, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that all matters presented for approval at the annual and special meeting of shareholders held today have been fully authorized and approved. A total of 177,722,349 common shares representing 43.56% of Whitecap's issued and outstanding common shares were voted in connection with the meeting. At the meeting, by ordinary resolution, the number of directors to be elected at the meeting was [Read more]

BDC to increase support to Canadian oil and gas sector companies

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MONTREAL - As part of a Team Canada response to the COVID-19 crisis, the Government of Canada, through BDC, Canada's bank for entrepreneurs, and Export Development Canada (EDC) will make available additional financial capacity to help support Canada's oil and gas sector. The commercial support, being developed by BDC and EDC, is intended to help Canada's exploration and production, mid-stream, and oil-field companies navigate these uncertain times. The new measures are aimed at helping [Read more]

EOG Resources to Hold Virtual-Only 2020 Annual Stockholders Meeting

HOUSTON, April 15, 2020 /PRNewswire/ -- EOG Resources, Inc. (EOG) today announced that EOG's Board of Directors has changed the company's 2020 annual meeting of stockholders (Annual Meeting) from in-person to virtual-only. The Annual Meeting will be held on Thursday, April 30, 2020, at 2:00 p.m. Central time (3:00 p.m. Eastern time) via live webcast. Stockholders may access the live webcast of the Annual Meeting at www.virtualshareholdermeeting.com/EOG2020. Stockholders will not be able to [Read more]

Vermilion Energy Inc. Announces Suspension of Monthly Dividend

CALGARY - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) announces that its Board of Directors has suspended our monthly dividend until further notice. Following the release of our revised 2020 capital budget and announced dividend reduction, we have witnessed further deterioration in near-term commodity prices as a result of the COVID-19 pandemic and resulting oil demand destruction.  In particular, growing oil inventory has decreased prompt prices [Read more]

Pembina Pipeline Corporation Announces New Credit Facility, Declares Dividends, Announces First Quarter 2020 Results Conference Call and Webcast and Provides Update on Virtual Annual General Meeting

CALGARY - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has entered into a new $800 million unsecured revolving credit facility. The Company further announced that its Board of Directors has declared a common share cash dividend for April 2020 of $0.21 per share and quarterly dividends for the Company's preferred shares. New Unsecured Revolving Credit Facility Pembina has entered into a new $800 million unsecured revolving credit [Read more]

Enerplus Announces Reduced 2020 Capital Budget, Prioritizing Balance Sheet Strength and Free Cash Flow

All financial information contained within this news release has been prepared in accordance with U.S. GAAP. This news release includes forward-looking statements and information within the meaning of applicable securities laws.  Readers are advised to review the "Forward-Looking Information and Statements" and "Non-GAAP Measures" at the end of this news release for information regarding the presentation of the financial and operational information in this news release as well as the use of [Read more]

Ovintiv Reiterates Strong Capital Structure, Significant Liquidity and Operational Flexibility

DENVER - Ovintiv Inc. (NYSE, TSX: OVV) today provided additional information related to its strong capital structure and liquidity. In addition, the Company has great flexibility to quickly adapt operations to changing market conditions. "In addition to our liquidity, we have substantial operational flexibility and a track record of driving cost reductions across the business," said CEO Doug Suttles. "We will be reducing our near-term capital spending to ensure we maintain free cash [Read more]