Day: July 29, 2020

CALGARY, Alberta, July 29, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) reported its operating and consolidated financial results for the three months ended June 30, 2020.The second quarter was defined by unprecedented moves in commodity prices due to the COVID-19 pandemic and resulting oil demand destruction. Athabasca responded swiftly to mitigate the impact of these unexpected events. The Company entered 2020 with a strong liquidity position allowing it to withstand the economic impact on its low decline, long reserve life assets.Resiliency Measures Taken in Response to COVID-19 Reduction to Capital: 2020 budget of $85 million reflecting a $40 million reduction. Production Curtailments: Temporary curtailments; assets returning to productive capacity in Q3.Contingent Bitumen Royalty:...

Shelton, CT, July 29, 2020 (GLOBE NEWSWIRE) — Hubbell Incorporated announced today the consolidation of its Electrical segment from three business groups to a single operating group, Hubbell Electrical Solutions.  Hubbell Electrical Solutions combines Hubbell’s Commercial & Industrial group, Construction & Energy group, and Lighting group into a unified operating group which complements Hubbell’s other operating group, Hubbell Utility Solutions.David Nord, Hubbell’s Chairman and Chief Executive Officer, commented, “The combination of our three electrical operating groups into one strengthens Hubbell as a company and will provide growth opportunities and efficiencies for our customers and shareholders.”  Noted Gerben Bakker, Hubbell’s President and Chief Operating Officer, “The Electrical Solutions group unites business groups...

CALGARY, Alberta, July 29, 2020 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) reports its operating and financial results for the three and six months ended June 30, 2020 (all amounts are in Canadian dollars unless otherwise noted).“During the second quarter we took decisive steps to adjust our business model in the face of extremely volatile crude oil markets. We are now starting to benefit from the actions we have taken as we generated positive free cash flow during the quarter and maintained approximately $300 million of financial liquidity. We restarted approximately 80% of the previously announced shut-in volumes, which we expect will positively impact our adjusted funds flow for the remainder of the year,” commented Ed LaFehr, President and Chief Executive Officer.Q2 2020 HighlightsGenerated...

SOUDERTON, Pa., July 29, 2020 (GLOBE NEWSWIRE) — Univest Financial Corporation (“Univest”) (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today announced that it has priced an underwritten public offering of $100.0 million aggregate principal amount of its 5.000% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”).The Notes shall bear interest at an initial rate of 5.000% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2021. The last interest payment date for the fixed rate period will be August 15, 2025. From and including August 15, 2025 to, but excluding August 15, 2030 or the date of earlier redemption, the Notes will bear interest at a floating rate per annum equal...

CHIHUAHUA, Mexico, July 29, 2020 (GLOBE NEWSWIRE) — Grupo Cementos de Chihuahua, S.A.B. de C.V., or GCC, (BMV: GCC*), a leading supplier and producer of cement and concrete in the United States, Mexico and Canada today announced that the General Shareholders’ Meeting held on April 30, 2020, declared a Ps. 0.94 dividend per share, which comes from the balance of the net earnings on a tax basis corresponding to the fiscal year 2013 and previous years.

CALGARY, Alberta, July 29, 2020 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced its results for the three and six months ended June 30, 2020. All amounts are in Canadian dollars and expressed in thousands of dollars unless otherwise noted.“EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the advisory regarding “Non-Standard measures” at the end of this release for a description of these items and limitations of their use.HIGHLIGHTSAs anticipated at the end of the first quarter of 2020, the impacts from the COVID-19 pandemic were far reaching on both global and local commerce during the second quarter of 2020. Due to public health measures, the movement of people and goods were severely restricted and economic activity...

HOUSTON, July 29, 2020 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss of $24.6 million, or $0.41 per share, for the second quarter of 2020, on revenues of $146.2 million. Consolidated EBITDA (Note A) was a loss of $4.5 million. Excluding $5.4 million of severance and downsizing charges incurred during the quarter, Consolidated EBITDA totaled $0.9 million. The reported second quarter 2020 net loss included the following more significant charges and gains, which resulted in a net charge of $4.6 million after-tax, or $0.08 per share:Severance and downsizing charges totaled $5.4 million ($4.3 million after-tax, or $0.07 per share)Bad debt provision on receivables from customers claiming bankruptcy protection totaled $2.2 million ($1.7 million after-tax, or $0.03 per share)Non-cash fixed asset impairment...

DENVER, July 29, 2020 (GLOBE NEWSWIRE) — Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its unaudited financial results with net income of $1.9 million for the quarter ended June 30, 2020. Management’s quarterly conference call to discuss these results is scheduled for 2:30 p.m. MDT on July 30, 2020. The Company’s unaudited financial statements, Management’s Discussion and Analysis together with other important disclosures are available in the Company’s Quarterly Report on Form 10-Q, filed on  July 29, 2020 with the U.S. Securities and Exchange Commission (“SEC”) and the Canadian securities regulatory authorities.Summary of Q2 2020 Financial ResultsVista reported net income of $1.9 million, or $0.01 per share for the three months ended June 30, 2020. The Company benefited from a gain of...

TORONTO, July 29, 2020 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) today announced results for its second quarter ended June 30, 2020. “The global pandemic posed a sudden and severe operational challenge for Allied,” said Michael Emory, President & CEO. “Our team responded effectively, and our properties and user-base have held up extraordinarily well thus far. No user of Allied workspace failed as a result of the global pandemic, and we limited turnover vacancy as a result of non-payment of rent to 9,912 square feet. While the global pandemic and consequent economic disruption are far from over, I believe we’re again demonstrating that our team, our properties and our user-base are resilient.”OperationsGross monthly rent due in the second quarter was $164 million. 1.4%...

EDMUNDSTON, New Brunswick, July 29, 2020 (GLOBE NEWSWIRE) — Acadian Timber Corp. (“Acadian” or the “Company”) (TSX:ADN) today reported financial and operating results1 for the three months ended June 27, 2020 (the “second quarter”).“Acadian operations were impacted by challenging operating conditions during the second quarter,” commented Erika Reilly, Chief Executive Officer. “While the second quarter of the year is traditionally our weakest due to seasonal operating conditions, operating activity was impacted by an earlier end to winter operations this year compared to 2019, followed by highly unusual dry and hot weather that led to extreme fire risk and operating restrictions later in the quarter. All told, Acadian operated four fewer weeks in the second quarter of 2020 compared to the same period last year.”The circumstances...