BOE Report

Baytex Announces Third Quarter 2022 Results and Continued Strong Clearwater Drilling Results

Calgary, Alberta--(Newsfile Corp. - November 3, 2022) - Baytex Energy Corp. (TSX: BTE) ("Baytex") reports its operating and financial results for the three and nine months ended September 30, 2022 (all amounts are in Canadian dollars unless otherwise noted). "We continue to deliver on our commitments with a much-improved balance sheet (0.9x net debt to trailing 12 month EBITDA ratio), substantial free cash flow generation ($478 million through nine months) and a shareholder return framework [Read more]

Canadian Natural Resources Limited Announces 2022 Third Quarter Results

Calgary, Alberta--(Newsfile Corp. - November 3, 2022) - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Tim McKay, commented on the Company's third quarter 2022 results, "We remain focused on safe, reliable, effective and efficient operations and our 2022 capital program remains unchanged at approximately $4.9 billion, excluding acquisitions. Our culture of continuous improvement and focus on cost control combined with our disciplined and balanced approach to capital allocation continues to [Read more]

Suncor Energy Reports Third Quarter 2022 Results

Calgary, Alberta--(Newsfile Corp. - November 2, 2022) - Suncor Energy Inc. (TSX: SU) (NYSE: SU) "As we drive the focus of the company on operational execution, we delivered $4.5 billion in adjusted funds from operations in the third quarter, the second highest in the company's history, driven by strong refinery throughput in the downstream, delivery of solid upstream production as we executed planned maintenance, consistent with what we have previously communicated, and a solid business [Read more]

Gear Energy Ltd. Announces Third Quarter 2022 Operating Results and 2023 Budget Guidance

Calgary, Alberta--(Newsfile Corp. - November 2, 2022) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to provide the following third quarter operating update to shareholders and 2023 budget guidance. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended September 30, 2022 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three [Read more]

Blacksteel Energy Inc. Announces Management Changes and Update to Drakkar Transaction

Calgary, Alberta--(Newsfile Corp. - November 2, 2022) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce the following changes to strengthen the management team of Blacksteel: Duncan Nightingale has been appointed as President and Chief Executive Officer in addition to his current position as a director of Blacksteel. Jeff Callaway has resigned as President and Chief Executive Officer of Blacksteel and been appointed Executive Vice-President and Chief [Read more]

Gear Energy Ltd. confirms monthly dividend for November of $0.01 per Share

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the November 2022 monthly dividend of $0.01 per common share is to be paid on November 30, 2022, to shareholders of record on November 15, 2022. The dividend is designated as an "eligible dividend" for Canadian income tax purposes. FOR FURTHER INFORMATION PLEASE CONTACT: Ingram Gillmore President & CEO 403-538-8463 David Hwang Vice President Finance & [Read more]

Suncor Energy to Acquire Additional Working Interest in Fort Hills Project

All financial figures are in Canadian dollars Calgary, Alberta--(Newsfile Corp. - October 26, 2022) - Suncor Energy (TSX: SU) (NYSE: SU) today announced that it has agreed to purchase an additional 21.3% working interest in the Fort Hills Project and associated sales and logistics agreements from Teck Resources Limited, for consideration of $1 billion. Upon closing, Suncor's aggregate share in the project will increase to 75.4%. The acquisition will be funded by cash from asset sale processes [Read more]

TransGlobe Energy Corporation Announces Closing of Its Merger with VAALCO Energy, Inc.

Calgary Alberta--(Newsfile Corp. - October 14, 2022) - TransGlobe Energy Corporation (NASDAQ: TGA) (TSX: TGL) ("TransGlobe" or the "Corporation") is pleased to announce that it has now closed its previously announced merger with VAALCO Energy, Inc. by way of plan of arrangement (the "Arrangement") pursuant to Section 193 of the Business Corporations Act (Alberta). On October 14, 2022, it is expected that common shares of TransGlobe ("TransGlobe Common Shares") will be delisted on NASDAQ and [Read more]

Reef announces revocation of cease trade orders

Calgary, Alberta - Reef Resources Ltd. ("Reef") is pleased to announce that it has received orders fully revoking the cease trade orders (the "CTOs") it received from the securities commissions in Alberta, British Columbia, Manitoba and Ontario effective September 23, 2022. Due to a lack of capital, Reef failed to file its annual audited financial statements, annual management's discussion and analysis ("MD&A") and certifications of annual filings for the year ended July 31, 2013. The [Read more]