MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES -3RD PARTY REPORTS
Thursday June 15 2017
CES Energy Solutions Corp. Announces Voting Results of the Election of Directors, Declaration of Cash Dividend
Voting Results of Election of Directors
Based on the proxies received and on a ballot conducted at the Meeting, the following individuals, being the eight nominees listed in the management information circular of the Corporation dated May 11, 2017 (the "Circular"), were elected as directors of the Corporation until the next annual shareholders' meeting:
Burton J. Ahrens
Colin D. Boyer
Rodney L. Carpenter
John M. Hooks
Kyle D. Kitagawa
Philip J. Scherman
Thomas J. Simons
D. Michael G. Stewart
In addition, CES announces today that it will pay a cash dividend of $0.0025 per common share on July 14, 2017 to shareholders of record at the close of business on June 30, 2017.
About CES Energy Solutions Corp.
CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES's business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow. Additional information about CES is available at www.sedar.com or on the Corporation's new website at www.cesenergysolutions.com.
SOURCE CES Energy Solutions Corp.
Crescent Point Energy Confirms June 2017 Dividend
Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) confirms that the dividend to be paid on July 17, 2017, in respect of June 2017 production, for shareholders of record on June 30, 2017, will be CDN$0.03 per share.
These dividends are designated as "eligible dividends" for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point's dividends are considered "qualified dividends."
Crescent Point is a leading North American light and medium oil producer that seeks to maximize shareholder return through its total return strategy of long-term growth plus dividend income.
SOURCE Crescent Point Energy Corp.
Bonavista Energy Corporation Confirms Dividend for July 17, 2017
Bonavista Energy Corporation ("Bonavista") (TSX:BNP) confirms that a quarterly dividend of $0.01 per common share will be paid in cash on July 17, 2017 to common shareholders of record on June 30, 2017. The ex-dividend date is June 28, 2017.
Bonavista's dividend policy is reviewed quarterly and is based on future commodity prices, foreign exchange rates, our commodity hedging program, current operations and future investment opportunities. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.
Bonavista is focused on creating premium shareholder value through the efficient development of high quality oil and natural gas assets.
SOURCE Bonavista Energy Corporation
DIVERGENT Energy Services Appoints New Director
DIVERGENT Energy Services Corp. (TSX VENTURE:DVG) ("Divergent" or "the Corporation") is pleased to announce the appointment of Mr. Donald Luft to its board of directors. Mr. Luft brings over forty years of operating, management and executive experience in the oil and gas service industry.
Mr. Luft's oilfield career started in 1973 with Nowsco Well Service. Beginning in a number of different field operations, Don's extraordinary dedication to hard work and unyielding commitment to excellence resulted in 23 years of increasing managerial responsibility. He applied his innate mechanical aptitude to the design and continuous improvement of pressure pumping equipment, coiled tubing, downhole tools and related processes and services. Following the take-over of Nowsco by BJ Services Company in 1996, Mr. Luft was recruited to assemble an executive team to refinance Trican Well Service (then, a relatively small private company) as a public company. Along with his executive teammates, Don took a company with an opening $8.0 million market cap, to a peak of well in excess of $2.0 billion. Though he retired in 2016 as President and Chief Operating Officer, the company's operations still reflect his demand for excellence.
Mr. Luft has also been appointed Chair to the Corporation's HSE Committee.
Ken Bagan, Chairman of the Board, says; "We are delighted to have Don Luft join our board. His executive and operational experience in the service industry will be invaluable as Divergent moves into its next growth phase."
ABOUT DIVERGENT ENERGY SERVICES CORP.
Headquartered in Calgary, Alberta, DIVERGENT Energy Services Corp. provides an array of artificial lift products and services that are used in the oil and gas industry, including its revolutionary Linear Electric Submersible Pump. Divergent's Pump is approaching commercialization and is targeted to replace traditional oil pumpjacks. Other Divergent products currently in use by its oil and gas industry customers include Electric Submersible Pumps and Electric Submersible Progressing Cavity Pumps.
The Corporation's long-term strategy is to be a premier supplier of submersible pumping products that increase production, reduce operating costs, improve energy consumption and reduce carbon footprint. The commercialization of our Linear Pump will provide oil companies with the opportunity to capitalize on these benefits, while differentiating Divergent within a competitive and growing market.
SOURCE DIVERGENT Energy Services Corp.
Enbridge Income Fund Holdings Inc. Announces Monthly Dividend
Enbridge Income Fund Holdings Inc. (TSX:ENF) (the Company) announced today that its Board of Directors has declared a cash dividend of $0.1711 per common share (Share) to be paid on July 17, 2017 to shareholders of record at the close of business on June 30, 2017. This dividend is designated eligible dividends for Canadian tax purposes that qualify for the enhanced dividend tax credit.
Eligible shareholders may participate in the Company's Dividend Reinvestment Plan (DRIP), where they may elect, without brokerage fees, to automatically reinvest their dividends in additional Shares at a 2 percent discount to the Share price. Details of the DRIP are available on the Company's website. Shareholders who wish to participate in the DRIP should contact their investment dealer for further information and to enroll.
The Shares trade on the TSX under the symbol ENF.
ABOUT ENBRIDGE INCOME FUND HOLDINGS INC.
Enbridge Income Fund Holdings Inc. is a publicly traded corporation. The Company, through its investment in Enbridge Income Fund indirectly holds high quality, low-risk energy infrastructure assets. The Fund's assets consist of a portfolio of Canadian liquids transportation and storage businesses, including the Canadian Mainline, the Regional Oil Sands System, the Canadian segment of the Southern Lights Pipeline, Class A units entitling the holder to receive defined cash flows from the U.S. segment of the Southern Lights Pipeline, a 50 percent interest in the Alliance Pipeline, which transports natural gas from Canada to the U.S., and interests in more than 1,400 MW of renewable and alternative power generation assets. Information about Enbridge Income Fund Holdings Inc. is available on the Company's website at www.enbridgeincomefund.com.
SOURCE Enbridge Income Fund Holdings Inc.
Northern Blizzard Resources Inc. Announces June 2017 Dividend
Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) announced today a cash dividend of $0.02 per common share for June 2017. The dividend will be payable on July 17, 2017 to shareholders of record on June 30, 2017. This dividend has been designated as an eligible dividend under the Income Tax Act (Canada).
Northern Blizzard is a Canadian crude oil production and development company focused on maximizing oil recovery from its large-scale oil resource base. The corporation's operations, infrastructure and concentrated land position are focused in southwest Saskatchewan. Northern Blizzard's common shares trade on the Toronto Stock Exchange under the symbol NBZ.
SOURCE Northern Blizzard Resources Inc.
PrairieSky Royalty Declares June Dividend
PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today that its Board of Directors has declared a dividend of CDN $0.0625 per common share, payable in cash on July 17, 2017 to shareholders of record on June 30, 2017. This dividend is designated as an "eligible dividend" for Canadian income tax purposes.
About PrairieSky Royalty Ltd.
PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada. PrairieSky common shares trade on the Toronto Stock Exchange under the symbol PSK.
SOURCE PrairieSky Royalty Ltd.
Peyto Exploration & Development Corp. Confirms Dividends for July 14, 2017
Peyto Exploration & Development Corp. ("Peyto") (TSX:PEY) confirms that the monthly dividend with respect to June 2017 of $0.11 per common share is to be paid on July 14, 2017, for shareholders of record on June 30, 2017. The ex-dividend date is June 28, 2017.
Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.
Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America's most exciting energy companies. The website also includes the President's monthly report, which discusses various topics chosen by the President and includes estimates of monthly capital expenditures and production.
SOURCE Peyto Exploration & Development Corp.
Ridgeback Resources Announces Changes to Senior Leadership Team
Ridgeback Resources Inc. ("Ridgeback" or the "Company") (www.ridgeback.com), a private oil and gas exploration and production company focused on light oil development in the Bakken and Cardium resource plays, today announced a series of management changes effective immediately. J. Paul Charron will join the Board of Directors of Ridgeback in the role of Executive Chairman and will be CEO of the Company. In addition, David Broshko and Paul Masse will assume the roles of President and Chief Operating Officer, respectively.
Charron, Broshko and Masse have worked together for the past 15 years at oil and gas companies focused in western Canada, most recently leading private equity-backed CanEra Inc. The team's demonstrated success building and growing companies also includes leading CanEra Energy Corp., CanEra Resources Inc., Canetic Resources Trust, and Acclaim Energy Trust. The three executives, along with the balance of the team, bring an exceptional and proven track record of creating substantial value for shareholders through the identification, acquisition and development of assets similar to Ridgeback's that feature attractive, large oil-in-place pools with low recovery factors and decline rates.
"I am very excited about the potential that our team sees with Ridgeback," Charron said. "The Company offers significant financial flexibility and a high-quality, oil-weighted asset base with similar characteristics to assets we have successfully developed in the past. I am looking forward to being part of this exciting transition."
The Company's full leadership team will also include members who have been working alongside Charron, Broshko and Masse in their past successful entities. Cory Dean joins as Vice President, Business Development; Thomas Emerson as Vice President, Land; David Sakal as Vice President, Operations; Sean Kinoshita as Vice President, Production; and Jeffrey Wallace as Vice President, Exploration.
David Broshko commented, "With the bench strength and technical expertise of our cohesive team, we believe Ridgeback offers a significant platform for us to continue creating meaningful, long-term shareholder value."
John Wright, current President and CEO of Ridgeback, announced his retirement from the Company earlier this year and will step down from his position on the Board of Directors effectively immediately.
"We look forward to working with the new management team at Ridgeback. It is unique to find a leadership group with such depth that has worked seamlessly together for so long with this track record of demonstrated success," said Michael Tu, a Director of Ridgeback. "On behalf of the Board of Directors, we would also like to thank John and his management team for all of their contributions to the Company."
TD Securities Inc. acted as advisor to the new management team.
Ridgeback Resources Inc. is a privately-held oil and gas exploration and production company that combines light oil Bakken and Cardium resource plays with conventional light oil assets. The Company was created in 2016 to acquire substantially all of the assets of Lightstream Resources, and is focused on delivering industry-leading operating netbacks, strong cash flows and production growth.
SOURCE Ridgeback Resources Inc.
ShaMaran Petroleum Annual General Meeting Results
ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to report that at the Company's Annual General Meeting held today in Vancouver, shareholders received the consolidated audited financial statements of the Company for the year ended December 31, 2016 and approved all of the resolutions put forward at the meeting, namely:
ShaMaran Petroleum Corp. is a Kurdistan focused oil development and exploration company with a 20.1% direct interest in the Atrush oil discovery. The Atrush Block is currently undergoing an appraisal and development campaign.
SOURCE ShaMaran Petroleum Corp.
Surge Energy Inc. Confirms June 2017 Dividend
Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on July 17, 2017 in respect of June 2017 production, for the shareholders of record on June 30, 2017 will be $0.007917 per share.
The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs. Management is focused on delivering to its shareholders solid per share organic growth, sustainable monthly dividends, and further growth through accretive acquisitions of additional elite oil reservoirs.
SOURCE Surge Energy Inc.
TORC Oil & Gas Ltd. Confirms Monthly Dividend for June 2017
TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to confirm that a dividend of $0.02 per common share will be paid on July 17, 2017 to common shareholders of record on June 30, 2017. The ex-dividend date is June 28, 2017, with payment to be made in cash or common shares at the election of the shareholder. Any common shareholder choosing to receive common shares rather than cash must submit his or her share dividend authorization form no later than 4:30 p.m. (Calgary time) on the fourth business day immediately prior to the record date for the declared dividend payment, being June 26, 2017. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.
Share Dividend Program
TORC's Share Dividend Program enables common shareholders to elect to receive dividends in common shares at the weighted average trading price for the five days immediately prior to the payment date. Participation in the Share Dividend Program is optional and all fees associated with the Share Dividend Program will be paid by TORC.
For further information regarding the Share Dividend Program, please contact Computershare Investor Services at 1-800-564-6253 (toll free in Canada and the United States) or 514-982-7555 (international direct dial).
TORC Oil & Gas Ltd. is a Calgary based company active in the acquisition, exploration, development and production of crude oil and natural gas in Western Canada.
SOURCE TORC Oil & Gas Ltd.
Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend
For July 17, 2017 Payment
Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on July 17, 2017 to all shareholders of record on June 30, 2017. The ex-dividend date for this payment is June 28, 2017. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
We have discontinued the Premium DividendTM component of the Dividend Reinvestment Plan effective with the July 2017 dividend payment. Eligible shareholders who were previously enrolled in the Premium DividendTM component will receive the regular cash dividend on 100% of their shares.
Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing properties in North America, Europe and Australia. Our business model targets annual organic production growth, along with providing reliable and increasing dividends to investors. Vermilion is targeting growth in production primarily through the exploitation of light oil and liquids-rich natural gas conventional resource plays in Canada and the United States, the exploration and development of high impact natural gas opportunities in the Netherlands and Germany, and through oil drilling and workover programs in France and Australia. Vermilion also holds an 18.5% working interest in the Corrib gas field in Ireland. Vermilion pays a monthly dividend of Canadian $0.215 per share, which provides a current yield of approximately 6%.
SOURCE Vermilion Energy Inc.
Whitecap Resources Inc. confirms monthly dividend for June of $0.0233 per share
Whitecap Resources Inc. (TSX: WCP) is pleased to announce that a cash dividend of Cdn. $0.0233 per common share in respect of June operations will be paid on July 17, 2017 to shareholders of record on June 30, 2017. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. We are focused on profitable per share growth on our existing assets enhanced by opportunistic and accretive oil-based acquisitions. For further information about Whitecap, please visit our website at www.wcap.ca.
SOURCE Whitecap Resources Inc.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.