Page 22 - Deep Basin News Today

Tourmaline Delivers Record Production, Cash Flow and Free Cash Flow in Q1 2021 Tourmaline Oil Corp. is pleased to release financial and operating results for the first quarter of 2021. HIGHLIGHTS First quarter cash flow was a record $629.3 million . Tourmaline generated record free cash flow of $233.5 million in the first quarter of 2021, which was utilized to fund the dividend increase announced in the March 10, 2021 year-end press release and to reduce net debt by $153.1 million in the …  ...

PrairieSky Reports Revenue Gain In 1Q; Shares Plunge 6% Stephanie Bedard-Chateauneuf- April 21, 2021, 11:56 AM EDT SHARE ON: PrairieSky Royalty shares fell more than 6% on Tuesday after the company reported first quarter financial results. The royalty company earns royalty production revenues through the production of oil and natural gas from its properties. PrairieSky’s ( PSK) total revenues came in at C$59.5 million for 1Q 20...

The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Inside the Market’s roundup of some of today’s key analyst actions Seeing the benefits of “lumber’s unrelenting climb,” CanWel Building Materials Group Ltd.’s (CWX-T) preliminary first-quarter financial results were �...

Deep Basin Fund Returns Capital Citing ‘Dangerous’ Market Bloomberg 3/5/2021 Michael Tobin and Katherine Burton © Bloomberg The Paul B. Loyd Jr drilling rig, operated by Transocean Inc., stands illuminated at night in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, June 23, 2020. (Bloomberg) -- Energy hedge fund Deep Basin Capital LP is returning capital to investors after retail traders drove market volatility to extreme levels, hitting some of the fund’s p...

Deep Basin Fund Returns Capital Citing ‘Dangerous’ Market Bloomberg 3/5/2021 Michael Tobin and Katherine Burton © Bloomberg The Paul B. Loyd Jr drilling rig, operated by Transocean Inc., stands illuminated at night in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, June 23, 2020. (Bloomberg) -- Energy hedge fund Deep Basin Capital LP is returning capital to investors after retail traders drove market volatility to extreme levels, hitting some of the fund’s p...

  FD&A (finding, development and acquisition) costs are used as a measure of capital efficiency and are calculated by dividing the capital costs for the period, including the change in undiscounted FDC, by the change in the reserves, incorporating revisions and production, for the same period (eg. 2020 Total Proved ($235.7-$190)/(536.5-527.3+29.1) = $1.19/boe or $0.20/Mcfe). The RLI is calculated by dividing the reserves (in boes) in each category by the annualized Q4 average production rate i...

Distinction Energy Corp. (“Distinction” or the “Company”) is pleased to announce its commitment to participate as to 50% in a $335 million acquisition,

/EIN News/ -- CALGARY, Alberta, Feb. 08, 2021 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. (" PrairieSky" or the " Company") (TSX: PSK) is pleased to announce its fourth quarter (" Q4 2020") and year-end operating and financial results for the period ended December 31, 2020, which demonstrate the benefits of a low-cost, high margin business that delivers free cash flow through all commodity cycles, a royalty asset acquisition, and a dividend increase. Royalty Asset Acquisition and Dividend Inc...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. 2021 budget to achieve nearly $1 billion of synergies in first year Cenovus Energy IncJanuary 28, 2021 GMT CALGARY, Alberta, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has delivered a disciplined 2021 capital budget focused on maintaining safe and reliable operations while positioning the company to drive enhanced shareholder value. The budget includes sustaining capi...

/EIN News/ -- CALGARY, Alberta, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Distinction Energy Corp. (formerly named Delphi Energy Corp.) (“ Distinction” or the “ Company”) announces that, effective January 15, 2021, the warrant certificate representing 3,348,799 class A common share purchase warrants of the Company (the “ Warrants”) issued to Kiwetinohk Resources Corp. (“ KRC”) was amended and restated to, among other things, facilitate an early exercise of the Warrants, which KRC exe...