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Some CEOs took a pay cut in 2020 – and still wound up earning more

Some CEOs took a pay cut in 2020 – and still wound up earning more
sunjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunjournal.com Daily Mail and Mail on Sunday newspapers.

Some CEOs took a pay cut in 2020 – and still wound up earning more

Some CEOs took a pay cut in 2020 – and still wound up earning more
centralmaine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centralmaine.com Daily Mail and Mail on Sunday newspapers.

Independence Contract Drilling, Inc Reports Financial Results For The First Quarter Ended March 31, 2021 And Announces Additional Rig Reactivations

Share this article Share this article HOUSTON, May 4, 2021 /PRNewswire/  Independence Contract Drilling, Inc. (the Company or ICD ) (NYSE: ICD) today reported financial results for the three months ended March 31, 2021. First quarter 2021 Highlights Adjusted net loss, as defined below, of $16.4 million, or $2.64 per share. Adjusted EBITDA loss, as defined below, of $2.0 million. Net debt, excluding finance leases and net of deferred financing costs, of $132.1 million. Marketed fleet utilization of 43%. Fully burdened margin of $2,802 per day. In the first quarter of 2021, the Company reported revenues of $15.5 million, a net loss of $16.0 million, or $2.58 per share, adjusted net loss (defined below) of $16.4 million, or $2.64 per share, and adjusted EBITDA loss (defined below) of $2.0 million.  These results compare to revenues of $38.5 million, a net loss of $28.2 million, or $7.53 per share, adjusted net loss of $10.6 million, or $2.82 per share, and adjusted E

10 Best Cheap Oil Stocks to Buy in 2021

10 Best Cheap Oil Stocks to Buy in 2021 For the past several years, the oil industry has seen enormous growth in demand and revenue. However, the coronavirus crisis hammered the industry as demand crashed, production plants shuttered and the market saw a supply glut that have no precedents. According to an article published in Deloitte, oil demand is forecasted to rebound strongly in 2021. However, it will still be 4% lower than pre-COVID-19 in the base case. The Association of Petroleum Exporting Countries (OPEC) is a 13-country intergovernmental organization founded in 1960 by its first five founders, the Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. In 2020, OPEC held 79.1% of the world’s proven oil reserves. In 2021, according to the latest Short Term Energy Outlook (STEO), OPEC sales are expected to rise marginally to $397 billion due to a larger output as global demand increases and a rise in crude oil prices. 

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