BOE Report

Gear Energy Ltd. confirms monthly dividend for December of $0.01 per share

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the December 2022 monthly dividend of $0.01 per common share is to be paid on December 30, 2022, to shareholders of record on December 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]

Canadian Natural Resources Limited announces 2023 budget and new GHG emissions reduction target

Calgary, Alberta - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Tim McKay, commented on the Company's 2023 Budget, "Our dedicated teams are focused on safe, reliable, effective and efficient operations throughout our high quality and diverse asset base. Our large, low risk, high value reserves provide us optionality and flexibility to allocate capital to our highest return projects. Our diversified and balanced production maximizes value for our shareholders, as we do not rely on any one [Read more]

Altima provides update on $500,000 equity financing

Vancouver, British Columbia - Altima Resources Ltd. (TSXV: ARH) ("Altima" or the "Company") further to the announcement on August 31, 2022 the Company closed its first tranche of its equity financing (the "Financing") (Refer to Press Release August 25, 2022), where in accordance with the provisions of subscription agreements received, at the closing the Company issued 6,100,000 Units at a price of $0.05 per Unit (the "Units") for gross proceeds of up to $305,000 (the "First Tranche"), each Unit [Read more]

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]