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Altura Announces Fourth Quarter and Year End 2020 Results and Reserves

Altura Announces Fourth Quarter and Year End 2020 Results and Reserves
April 16, 2021 EnergyNow Media
CALGARY, AB, April 15, 2021 /CNW/ – Altura Energy Inc. (“Altura” or the “Company”) (TSXV: ATU) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2020 and the independent evaluation of the Company’s oil and natural gas reserves (the “McDaniel Report”), effective December 31, 2020, as prepared by McDaniel and Associates Consultants Ltd. (“McDaniel”). The audited consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the year ended December 31, 2020 are available on SEDAR at www.sedar.com and on Altura’s website at www.alturaenergy.ca. Selected financial and operating information for the fourth quarter and year ended December 31, 2020 appear below and should be read in conjunction with the related financial s ....

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Budget 2021: Protecting lives and livelihoods

Feb 25, 2021
Budget 2021: Protecting lives and livelihoods | Budget 2021 : Protéger la vie et le gagne-pain des Albertains et Albertaines
Budget 2021 protects Albertans’ lives and livelihoods with a significant investment in health care while positioning the province for economic recovery with a continued focus on the efficient delivery of government services.
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Historic investment in health care
Budget 2021 will set aside a $1.25-billion contingency to fight COVID-19. Almost $900 million will be added to Health’s base budget to reduce surgical wait times, increase continuing care, and home care capacity. ....

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Kenney says budget deficit will be in $14B range, take years to balance

EDMONTON
Alberta premier Jason Kenney is pulling back the curtain a little more on Thursday’s budget, which he says will include spending restraint, cautious revenue projections and a deficit in the range of $14 billion.
“As much as I hate deficits, now would be the worst time to cut billions of additional spending when we need it in health care,” said Kenney.
“Yes, we’ll be borrowing. Yes, we’ll be spending on healthcare and investing in the economy. But no, we will not do that recklessly.
“Our focus in this budget is investing in healthcare and jobs.”
The most recent fiscal forecast made public in November pegged the province’s deficit at $21.3 billion. ....

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Precision Drilling Corporation Announces 2020 Fourth Quarter and Year End Unaudited Financial Results

/EIN News/ CALGARY, Alberta, Feb. 10, 2021 (GLOBE NEWSWIRE)
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA, Operating Earnings (Loss), Funds Provided by (Used in) Operations and Working Capital. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used by other companies, see “Non-GAAP Measures” later in this news release. Amounts presented are in Canadian dollars, unless otherwise stated. ....

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PrairieSky Announces 2020 Fourth Quarter and Year End Results, a Royalty Asset Acquisition, and an 8% Dividend Increase

/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 Increase:
•
PrairieSky has entered into a definitive agreement to acquire a large royalty portfolio, which will consolidate a significant fee mineral title position in Western Canada within the Company. The acquisition includes approximately 640,000 net acres of additional producing and undeveloped royalty interests, approximately 650 BOE per day of royalty production, and an extensive proprietary seismic database for cash consideration of $45.0 million. ....

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