Edition:
United States

Perpetual Energy Inc (PMT.TO)

PMT.TO on Toronto Stock Exchange

1.59CAD
26 May 2017
Change (% chg)

$-0.06 (-3.64%)
Prev Close
$1.65
Open
$1.64
Day's High
$1.65
Day's Low
$1.59
Volume
4,287
Avg. Vol
43,848
52-wk High
$2.50
52-wk Low
$1.37

Latest Key Developments (Source: Significant Developments)

Perpetual Energy reports Q1 loss per share $0.26
Tuesday, 9 May 2017 08:00am EDT 

May 9 (Reuters) - Perpetual Energy Inc :Perpetual Energy Inc releases first quarter 2017 financial and operating results.Q1 production averaging 8,143 boe/d was flat compared to Q4 of 2016.Perpetual Energy- based on capital spending in 2017 of $65 to $70 million, perpetual expects to exit 2017 at a production rate of 13,000 to 13,500 boe/d.Perpetual Energy- based on total capital spending plan in 2017 of $65 to $70 million, co expects to exit 2017 at a production rate of 13,000 to 13,500 boe/d.Perpetual Energy Inc - full year 2017 production is expected to average 10,000 to 11,000 boe/d.Qtrly loss per share $0.26.Perpetual Energy Inc qtrly loss per share $0.26.  Full Article

Perpetual Energy qtrly earnings per share $0.39
Wednesday, 15 Mar 2017 08:00am EDT 

Perpetual Energy Inc : Perpetual Energy Inc. Releases fourth quarter and year-end 2016 financial and operating results . Perpetual Energy qtrly oil and natural gas revenue c$17.9 million versus c$33.0 million . Perpetual Energy qtrly earnings per share $0.39 . Perpetual Energy qtrly average production total 8,118 boe/d versus 19,661 boe/d . Perpetual Energy - in q1 of 2017, company will spend close to $26 million . Perpetual Energy- based on total capital spending plan in 2017 of $67 million, co expects to exit 2017 at production rate of 13,000 to 13,500 boe/d in december 2017 . Perpetual Energy Inc - forecasts 2017 adjusted funds flow of approximately $40 million ($0.68 per share) . Perpetual Energy - company estimates year-end 2017 total net debt of approximately $80 million .Perpetual Energy -capital spending in 2017 will be funded with adjusted funds flow,proceeds from financing transactions closed on March 14, 2017.  Full Article

Perpetual Energy announces strategic financing initiatives
Friday, 17 Feb 2017 08:00am EST 

Perpetual Energy Inc : Perpetual announces strategic financing initiatives . Perpetual Energy Inc - financing transactions will deliver an additional $68 million of liquidity and reduce pro forma debt by $9 million . Perpetual Energy Inc - strategic financing initiatives inlcude a $9 million non-brokered equity private placement . Perpetual Energy Inc- financing initiatives include a $45 million second lien senior secured term loan . Perpetual Energy - strategic financing initiatives inlcudes increase, extension of current bank lending arrangements to oct 31 .Perpetual Energy - financing initiatives extend co's current bank lending arrangements to oct 31, increase total borrowing capacity $14 million to $20 million.  Full Article

Perpetual increases proved plus probable reserves value by 12 pct
Thursday, 9 Feb 2017 08:00am EST 

Perpetual Energy Inc : Perpetual increases proved plus probable reserves value by 12 pct and announces partial repayment and extension of financing arrangement . Perpetual Energy - announces partial repayment, refinancing of its financial arrangement previously secured by 840,619 of co's shares of Tourmaline Oil Corp .Perpetual Energy - sold Tourmaline Oil Corp shares for net proceeds of $5.7 million, reduced loan amount outstanding to $18.9 million, extended maturity to Aug 1, 2017.  Full Article

Perpetual eliminates minimum acceptance condition and extends note exchange proposal
Thursday, 12 Jan 2017 08:00am EST 

Perpetual Energy Inc : Perpetual eliminates minimum acceptance condition and extends note exchange proposal for its 8.75 pct senior notes and provides hedging update .Perpetual Energy Inc - note exchange proposal is now open for acceptance by holders of existing senior notes until 5:00 p.m. On January 23, 2017.  Full Article

Perpetual expects 2017 production between 10,750 to 11,000 boe/d
Thursday, 8 Dec 2016 11:55pm EST 

Perpetual Energy Inc : Expects to exit 2017 at a production rate of 12,750 to 13,000 boe/d in december 2017 . Board of directors has approved an exploration and development capital spending program of up to $65 million for 2017 . In q1 2017, plan to spend about $23 million completing frac and tie-in operations on two wells which commenced drilling in q4 of 2016 . Expect full year 2017 production averaging between 10,750 to 11,000 boe/d .Perpetual announces 2017 capital spending and production guidance.  Full Article

Perpetual Energy qtrly loss per share $0.21
Monday, 7 Nov 2016 11:14pm EST 

Perpetual Energy Inc : Says Q3 average production of 14,123 boe/d was down 12 percent from Q2 . Perpetual Energy - Oil production of 1,052 bbl/d for Q3 of 2016 , down 26 percent from 1,426 bbl/d in Q3 of 2015 . Says low commodity prices continued to have a negative impact on financial results of Q3 . Qtrly loss per share $0.21 . NGL production of 476 bbl/d in Q3 of 2016 represented a 30 percent decrease from previous quarter . All figures in C$ .Perpetual energy inc. Releases third quarter 2016 financial and operating results.  Full Article

Perpetual energy to dispose off eastern Alberta gas properties
Tuesday, 27 Sep 2016 08:00am EDT 

Perpetual Energy Inc : Perpetual Energy Inc announces strategic disposition of eastern Alberta shallow gas properties . Initiated a search for position of vice president, finance and chief financial officer . Bill Hahn will assume responsibilities of acting vice president, finance , chief financial officer on an interim basis . Transaction includes effective deferred purchase price component,co to continue benefiting from shallow gas properties for about 2 yrs . Says refinancing of Tourmaline Oil Corp shares results in an extension of maturity to march 15, 2017 . Perpetual Energy Inc announces strategic disposition of eastern Alberta shallow gas properties . Transaction includes disposition of all of Perpetual's shallow gas assets and liabilities in eastern Alberta .Refinancing of financial arrangement secured by 1 million of co's 1.85 million shares of Tourmaline oil corp and maturing in November 2016.  Full Article

Perpetual Energy Inc Q1 FFO C$0.0 per share
Monday, 9 May 2016 08:57pm EDT 

Perpetual Energy Inc : Estimates that expenses will exceed revenues for remainder of 2016 resulting in negative funds flow of $10 to $15 million . Q1 average production was 18,378 BOE/D, down 19 percent compared to Q1 of 2015 . Sees fy total oil and liquids production averaging close to 1,700 BBL/D and natural gas sales averaging approximately 84 MMCF/D . Reductions in all areas of spending, including operating, financing and administrative costs, will continue in 2016 . Q1 eps C$0.70 . Q1 ffo C$0.0 per share .Perpetual Energy Inc releases first quarter 2016 financial and operating results.  Full Article

More From Around the Web

BRIEF-Perpetual Energy reports Q1 loss per share $0.26

* Perpetual Energy Inc releases first quarter 2017 financial and operating results