BOE Report

Obsidian Energy announces third quarter 2023 results

Increased average production by 10 percent over the third quarter of 2022 due to the strong performance of our development program Generated funds flow from operations of $98.9 million during the quarter, resulting in free cash flow of $47.7 million and net debt reduction to $294.3 million Commenced second half 2023 development program while completing major facility debottlenecking project subsequent to the quarter Continued return of capital to shareholders via the repurchase of ~4.4 [Read more]

Blacksteel Energy Inc. provides update on issuance of Cease Trade Order and appointment of new Chief Financial Officer

Calgary, Alberta--(Newsfile Corp. - November 8, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") announces that, further to its news release of August 25, 2023, a Cease Trade Order (the "CTO") has been issued by the Alberta Securities Commission. The CTO was issued as a result of a delay in the filing of the Corporation's audited annual financial statements, accompanying management discussion and analysis, and certifications for the financial year ended April 30, 2023, and the [Read more]

Cardinal Energy Ltd. announces monthly dividend for November

Calgary, Alberta--(Newsfile Corp. - November 8, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our November dividend of $0.06 per common share will be paid on December 15, 2023 to shareholders of record on November 30, 2023. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a Canadian oil and [Read more]

Suncor Energy reports third quarter 2023 results

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production [Read more]

Saturn Oil & Gas Inc. reports Q3 2023 financial and operational results highlighted by record quarterly production and adjusted EBITDA

Calgary, Alberta--(Newsfile Corp. - November 7, 2023) - Saturn Oil & Gas Inc. (TSX: 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, 2023. "Saturn reached a new milestone in its goal of creating sustainable free cash flow by achieving record quarterly adjusted EBITDA of over $100 million(1) in the third quarter." commented John Jeffrey, Chief Executive Officer of Saturn. [Read more]

Cardinal Energy Ltd. announces third quarter 2023 operating and financial results, appointment of a new Director, establishment of Thermal Operating Unit and our 2024 budget

Calgary, Alberta--(Newsfile Corp. - November 6, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the third quarter ended September 30, 2023, the appointment of a new director, the establishment of a thermal operating unit and our 2024 budget. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE THIRD QUARTER OF 2023 Third quarter 2023 adjusted funds flow(1) of $81.2 million ($0.51 per share) was 45% higher than the [Read more]

Supported take-over bid of Certus Oil and Gas Inc. deposit period news release

Calgary, Alberta--(Newsfile Corp. - November 3, 2023) - Certus Oil and Gas Inc. ("Certus" or the "Company") is pleased to announce that further to Pine Cliff Energy Ltd.'s (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff") news release dated October 31, 2023, Pine Cliff has formally commenced an offer to acquire all of the issued and outstanding common shares in the capital of Certus (the "Common Shares"), including securities convertible or exchangeable into Common Shares that may become issued and [Read more]

Baytex announces third quarter 2023 results

Calgary, Alberta--(Newsfile Corp. - November 2, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three and nine months ended September 30, 2023 (all amounts are in Canadian dollars unless otherwise noted). "Our third quarter results represent the first full quarter of combined operations following the Ranger acquisition and demonstrate the strength of our diversified North American oil-weighted portfolio. The integration has [Read more]

Baytex confirms quarterly dividend

Calgary, Alberta--(Newsfile Corp. - November 2, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on January 2, 2024 for shareholders of record on December 15, 2023. The U.S. dollar equivalent amount is approximately US$0.0163 per share assuming a foreign exchange rate of 1.38 CAD/US. Payments to shareholders who are not residents of Canada will be net [Read more]

Obsidian Energy announces release date of third quarter 2023 results

Calgary, Alberta--(Newsfile Corp. - November 2, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our third quarter 2023 financial and operational results before North American markets open on Thursday, November 9, 2023. In addition, the third quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at [Read more]