CALGARY, AB, Dec. 12, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce its 2024 budget and updated return of capital framework, including a 20% dividend increase. Highlights 2024 fund flows from operations ("FFO")(1) and free cash flow ("FCF")(2) are forecasted to be approximately $1.3 billion and $700 million, respectively, based on forward commodity prices(3); FCF represents an approximately 40% [Read more]
Canada introduces framework to cap greenhouse gas pollution from oil and gas sector
OTTAWA, ON, Dec. 7, 2023 /CNW/ - Canadians are making decisions and choices today that will profoundly impact the world we leave to our children and grandchildren. Climate action pays immediate dividends in good jobs and cleaner air and water, but it also opens up more opportunities for the generations that will follow. Every sector of the economy has a part to play in cutting pollution, particularly the oil and gas sector—one of a few where greenhouse gas pollution levels continue to [Read more]
Gibson Energy announces 2024 capital budget and addition of two new Directors to its Board
All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB, Dec. 4, 2023 /PRNewswire/ - Gibson Energy Inc. ("Gibson" or the "Company") announced today target growth(1) capital expenditures of $150 million in 2024. Additionally, Gibson's Board of Directors has approved the allocation of between $40 million and $45 million in replacement(1) capital expenditures in 2024. The Company expects 2023 growth capital expenditures of approximately $125 million. "I am pleased to [Read more]
Canadian Gas Industry announces new Methane Management Coalition
OTTAWA, ON, Nov. 30, 2023 /CNW/ - Today, the Canadian Gas Association and the Canadian Energy Partnership for Environmental Innovation (CEPEI) are pleased to announce the Canadian Methane Management Coalition (CMMC or the "Coalition"). Build on Canada's position as a global leader in reducing methane emissions from the natural gas value chain. Under the direction of industry champions Mike Rose, President and CEO of Tourmaline Oil Corp., and Michele Harradence, Executive Vice President [Read more]
ARC Resources announces second long-term natural gas supply agreement with Cheniere
Agreement broadens the Company's market diversification with access to Europe and TTF-linked pricing CALGARY, AB, Nov. 29, 2023 /CNW/ - (TSX: ARX) ARC Resources Ltd., through its subsidiary ARC Resources U.S. Corp. (collectively, "ARC" or the "Company"), today announced it has entered into a long-term natural gas supply agreement ("the Agreement") with Sabine Pass Liquefaction Stage V, LLC, a subsidiary of Cheniere Energy, Inc. ("Cheniere"). Under the agreement, ARC will supply 140,000 [Read more]
Enbridge announces 2024 financial guidance and 3% dividend increase
CALGARY, AB, Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today its 2024 financial guidance and an annualized common share dividend increase from $3.55 to $3.66 per share effective March 1, 2024. HIGHLIGHTS (All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. See the Non-GAAP and Other Financial Measures section of this news release) Announced 2024 [Read more]
Enbridge Inc. announced 3.1% quarterly dividend increase for 2024
CALGARY, AB, Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.9150 per common share, payable on March 1, 2024 to shareholders of record on February 15, 2024. The declared dividend represents a 3.1% increase from the prior quarterly rate and the twenty-ninth consecutive year in which the Company has increased its common share dividend. DIVIDEND DECLARATION On [Read more]
TransAlta announces growth targets to 2028, financial outlook for 2024 and declares dividend increase of 9%
CALGARY, AB, Nov. 21, 2023 /PRNewswire/ - Highlights Expanded growth targets to deliver up to 1.75 GW with a target investment of $3.5 billion by 2028 which will deliver annual EBITDA of $350 million Growth will focus on customer-centred renewables and storage through the execution of its current 4.8 GW development pipeline Expand development pipeline to reach 10 GW by 2028 to enable additional growth potential TransAlta's Board of Directors has approved a dividend increase on [Read more]
Ovintiv announces upsize and pricing of offering of common stock by a selling stockholder
DENVER, Nov. 20, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced the upsize and pricing of a previously announced underwritten public offering of its common stock (the "Offering") by NMB Stock Trust, a Delaware statutory trust (the "Selling Stockholder"). The size of the Offering increased from the previously announced 8,400,000 shares to an aggregate of 9,400,000 shares of the Company's common stock at a price to the public of US$44.35 per share, for [Read more]
Ovintiv announces secondary offering of common stock by a selling stockholder
DENVER, Nov. 20, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV), (TSX: OVV) (the "Company" or "Ovintiv") today announced that NMB Stock Trust, a Delaware statutory trust (the "Selling Stockholder"), intends to offer for sale 8,400,000 shares of the Company's common stock, par value US$0.01 per share, pursuant to the Company's shelf registration statement previously filed with the Securities and Exchange Commission (the "Offering"). Ovintiv issued the shares to the Selling Stockholder on June 12, [Read more]
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