tourmaline polar star
Well, the deal could close by this April. 2019 PDP finding and development (“F&D”) costs were. Product prices include realized gains and losses on risk management activities and financial instrument contracts. They’ve submitted a competing proposal to buy the retailer’s real estate while still allowing mall owners Simon Property Group Inc. and Brookfield Property Partners take over the company’s operations. Further, the ability of Tourmaline to pay dividends will be subject to applicable laws (including the satisfaction of the solvency test contained in applicable corporate legislation) and contractual restrictions contained in the instruments governing its indebtedness, including its credit facility. Commodity price assumptions for natural gas (NYMEX (US) – $2.29/mcf, $2.46/mcf, $2.46/mcf, $2.49/mcf and $2.54/mcf for 2020 – 2024, respectively; AECO – $1.92/mcf, $2.08/mcf, $2.10/mcf, $2.13/mcf and $2.27/mcf for 2020 – 2024, respectively), and crude oil (WTI (US) – $57.30/bbl, $53.51/bbl, $51.81/bbl, $51.20/bbl and $51.19/bbl for 2020 – 2024, respectively) and an exchange rate assumption of $0.76 (US/CAD) for 2020 and 2021 and $0.75 for 2022 – 2024. The aggregate of the exploration and development costs incurred in the most recent financial year and the change during that year in estimated future development costs generally will not reflect total finding and development costs related to reserves additions for that year. Shares down 14% from a peak hit earlier this month, but “this issue will ultimately have limited business impact to the company,” wrote analyst Glenn Schorr. A second-half 2020 Topaz public liquidity event is anticipated as the Company believes conditions will be favourable to such a transaction once stability returns to the global financial markets. Our strong results and intense focus on sustainability is why the world needs Canadian natural gas now and in the future. Additionally, the $6 average price target puts the potential twelve-month gain at 197%. Cash general and administrative expenses ($/boe)(2), FINANCIAL ($000, except share and per share), Total revenue from commodity salesand realized gains, Capital expenditures (net of dispositions), Weighted average shares outstanding (diluted). The system can be tailored for home or office use, based on the number and type of devices to be charged. Better yet, the quarter saw a 20% year-over-year increase in paid subscribers. GM-Backed Lordstown Motors Debuts After SPAC Merger Closes, 3 Stocks Under $5 That Are Ripe for a Turnaround, Stock market news live updates: Stock futures tick higher after Dow's worst drop in nearly two months, I Refinanced My Mortgage. It is very important to do your own analysis before making any investment. Currently, Tourmaline has an average of 336 mmcfpd hedged for Q2 to Q4 of 2020 at a weighted-average fixed price of CAD $2.38 /mcf; an average of 158 mmcfpd hedged at a basis to NYMEX of $(0.12) USD /mcf; and an average of 403 mmcfpd incremental volume exposed to export markets, including Dawn, Chicago , Ventura , Sumas, Malin and PGE. No incremental value is assigned to potential future contracts which were not in place as of December 31, 2019. assets contain around 2,500 boepd of production and 80.7 million standard cubic feet per day of 2P reserves. Capital cost reduction/improvements continue to be achieved through monobore trials in the Alberta Deep Basin, application of rotary steerable technology and novel pad equipping approaches, amongst other technology-driven opportunities. The company also holds 215 patents, with more on the way. Cash flow is defined as cash provided by operations before changes in non-cash operating working capital. In addition, as the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. The acquired British Columbia assets include: approximately 2,500 boepd of production; 2P reserves of 80.7 million boe; 106,000 net acres of Montney land; and a compressor station. See "Non-GAAP Financial Measures" in this news release and the Company's Q1 2020 Management's Discussion and Analysis. (To watch DeLaney’s track record, click here)Overall, there have been 8 recent analyst reviews of NLY shares, breaking down to 5 Buys and 3 Holds, giving the stock an analyst consensus rating of Moderate Buy. The after-tax net present value of the Company’s oil and gas properties reflects the tax burden on the properties on a stand-alone basis. 2019 average liquids production was 55,338 bpd (oil, condensate, NGL), a 16% increase over 2018. Summary of Pricing and Inflation Rate AssumptionsForecast Prices and Costs (1), Crude Oil and Natural Gas Liquids Pricing, NYMEX WTI NearMonth Futures ContractCrude Oil at Cushing,Oklahoma, Alberta Natural Gas Liquids(Then Current Dollars), MSW, LightCrude Oil(40 API,0.3%S) atEdmontonThenCurrent$Cdn/Bbl, MidwestPrice @ChicagoThen Current$US/MMbtu. Full-year average production of 305,000 – 310,000 boepd is now forecast (representing 6% year-over-year growth) yielding estimated full-year cash flow of $1.0 billion based on strip pricing(2). Each of these metrics is determined by the Company as set out below or elsewhere in this news release. The company inhabits the mortgage-backed security niche, with $104 billion in total assets, primarily mortgage securities backed by Freddie Mac and Fannie Mae. Tourmaline drilled a total of 39.7 net wells during the first quarter. Energous holds a leading position in the wireless power and charging niche. 2019 production averaged 290,865 boepd, Q4 2019 averaged 299,844 boepd. Includes capitalized G&A of $33 million, $30 million and $27 million for 2019, 2018 and 2017 respectively. U.S. Vice President Mike Pence’s chief of staff, Marc Short, and Marty Obst, a close adviser, tested positive for the virus.Alphabet, Facebook, Amazon, Apple, and Microsoft will emerge from the pandemic stronger than ever, despite intensifying antitrust scrutiny in Congress, Barron’s writes in its latest issue. Rex MD prescribes E.D. Royalty interest reserves are not included in Company gross reserves. In 2019, the Company rig-released 198.9 (net) wells, down 7% from 2018 (213.1 wells) as the Company moderated capital spending due to low commodity prices. A BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Reportedly, Tourmaline will buy Polar Star Canadian Oil and Gas Inc. and Chinook Energy Inc. Stock futures opened flat to slightly higher Monday evening after a selloff on Wall Street pushed the Dow and S&P 500 to their biggest one-day drops in more than a month. Tourmaline also intends to sell a gross overriding royalty (GORR) to Topaz Energy on the purchased lands, same as the GORR value of the present-day Tourmaline Gundy property, for around $22.5 million. Royalty interest reserves are not included in Company gross reserves. Actual results could differ materially from those currently anticipated due to a number of factors and risks. There's still time to benefit from 2020's IRA contribution limits. In an era of near-zero rates from the Fed, NLY’s dividend return is sky-high.JMP analyst Steven DeLaney is impressed with NLY. Exchange rates used to generate the benchmark reference prices in this table. Although Tourmaline believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Tourmaline can give no assurances that it will prove to be correct. Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. Tourmaline is Canada's largest natural gas producer with forecast total average 2020 natural gas production of 1.5 bcf/day, including 530 mmcfpd transported and sold at six NYMEX-priced hubs. Samsung’s billionaire chairman Lee Kun-hee, who made the South Korean company a global powerhouse, has died at 78. Tourmaline is on track to realize record EP capital efficiencies in 2020 of $6,500 - $7,000 /boepd. Tourmaline has 210,000 bbls of oil and condensate storage across the three operated core complexes providing additional flexibility in a very volatile liquid-pricing environment. OPERATING ENVIRONMENT AND THE COVID-19 PANDEMIC. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Broad replacement of diesel in Tourmaline’s drilling and completion operations with natural gas. Based on oil and gas commodity strip pricing at December 11, 2019. The forward-looking information is based on certain key expectations and assumptions made by Tourmaline, including expectations and assumptions concerning the following: prevailing and future commodity prices and currency exchange rates including in the case of 2020 production estimates, commodity price assumptions for natural gas (NYMEX (US) - $2.15 /mcf and $2.71 /mcf for 2020 and 2021, respectively, AECO - $2.24 /mcf and $2.62 /mcf for 2020 and 2021, respectively), and crude oil (WTI (US) - $31.04 /bbl and $32.29 for 2020 and 2021, respectively) and an exchange rate assumption of $0.72 and 0.71 (US/CAD) for 2020 and 2021, respectively; the degree to which Tourmaline's operations and production will be disrupted by circumstances attributable to the COVID-19 pandemic and the responses of governments and the public to the pandemic; applicable royalty rates and tax laws; interest rates; future well production rates and reserve volumes; operating costs, the timing of receipt of regulatory approvals; the performance of existing wells; the success obtained in drilling new wells; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the benefits to be derived from acquisitions; the state of the economy and the exploration and production business including the impacts of the COVID-19 pandemic and the responses of governments and the public to the pandemic thereon; the availability and cost of financing, labour and services; and ability to market crude oil, natural gas and NGL successfully. At the same time, BRT did manage to collect 98% of rents in Q2, and saw average occupancy remain above 93%. Cash flow is defined as cash provided by operations before changes in non-cash operating working capital. It also includes about 106,000 net acres of Monteny plots along with a compressor station. The forward-looking information is based on certain key expectations and assumptions made by Tourmaline, including expectations and assumptions concerning the following: prevailing and future commodity prices and currency exchange rates; prevailing and future commodity prices and currency exchange rates; applicable royalty rates and tax laws; interest rates; future well production rates and reserve volumes; operating costs, the timing of receipt of regulatory approvals; the performance of existing wells; the success obtained in drilling new wells; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the successful completion of acquisitions and dispositions and the benefits to be derived therefrom; the state of the economy and the exploration and production business; the availability and cost of financing, labour and services; and ability to market crude oil, natural gas and NGL successfully.
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