BOE Report

Suncor Energy announces 2023 production outlook and capital program

Calgary, Alberta - Suncor Energy (TSX: SU) (NYSE: SU) released its 2023 corporate guidance today. "Over the past several months, our new mining leadership has done an in-depth review of our assets and developed a multi-year plan that will deliver marked improvements in safety, reliability and operational performance," said Kris Smith interim president and chief executive officer. "In addition, we will continue to optimize our assets to drive value and future growth in areas that are [Read more]

Suncor Energy to retain and optimize its Petro-Canada retail business

Calgary, Alberta - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors, today announced that following a comprehensive review, it has decided to retain and continue to improve and optimize the Petro-Canada retail business, increasing its EBITDA contribution and strengthening Suncor's integrated refining & marketing business. This will include continued optimization of the Petro-Canada retail sites across the network as well as continued expansion of strategic partnerships in non-fuel [Read more]

WesCan Energy announces production of new well at Provost

Calgary, Alberta - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is pleased to announce that it has completed the equipping and tie-in of its recently drilled well, (the "well") at Provost, Alberta. On September 15, 2022, the Company announced that drilling had commenced and the new well spudded on September 13, 2022. The vertical section was completed to a depth of approximately 490 meters and the build section of the well was drilled, cased and completed. On October 5, [Read more]

Hemisphere Energy announces third quarter results and declares dividend

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") today reported its financial and operating results for the third quarter ended September 30, 2022, during which the Company recorded almost $24 million in revenue and its third highest ever adjusted funds flow from operations (AFF)1 of $10.6 million. Hemisphere also spent $4.6 million on drilling operations and facility improvements, paid off its bank debt, and distributed $2.6 [Read more]

Suncor Energy increases quarterly dividend by 11% to $0.52 per common share

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) Energy's Board of Directors has approved a quarterly dividend of $0.52 per common share representing an 11% increase over the prior quarter dividend. Sustained operational improvements across the asset base, realization of free funds flow improvements together with continued capital discipline and share buybacks have driven stronger free funds flow per share. The Board of Directors' confidence in sustained improving operating performance and the [Read more]

Kelt reports financial and operating results for the three and nine months ended September 30, 2022

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and nine months ended September 30, 2022. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended September 30 Nine months ended September 30 (CA$ thousands, except as otherwise indicated) 2022 2021 % 2022 2021 % Petroleum and natural gas [Read more]

Pine Cliff Energy Ltd. Announces Third Quarter 2022 Results, Increase in December Monthly Dividend, Update to 2022 Guidance and Operational Update

Calgary, Alberta--(Newsfile Corp. - November 9, 2022) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces third quarter financial results, dividend increase and provides an operational update. Third Quarter 2022 Highlights Pine Cliff's adjusted funds flow1 of $34.9 million generated during the third quarter was the second highest quarterly adjusted funds flow1 for the Company since inception, only surpassed by the $55.8 million generated during the second quarter [Read more]

Saturn Oil & Gas Inc. reports Q3 2022 financial and operational results highlighted by record quarterly cash flow per share

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and nine months ended September 30, 2022. "The third quarter of 2022 is the first reporting period reflecting the highly positive impact of the Viking acquisition, closed on July 6, 2022, in terms of increased netbacks and additional production, resulting in record corporate cash flow," commented John Jeffrey, [Read more]

Obsidian Energy announces third quarter 2022 results and updated 2022 guidance

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report operating and financial results for the third quarter of 2022. Three months ended September 30 Nine months ended September 30 2022 2021 2022 2021 FINANCIAL1 (millions, except per share amounts) Cash flow from operating [Read more]