Month: August 2021

– Sustained Performance Improvements Drive Third Consecutive Quarter of Sequential Revenue, Gross Profit and Adjusted EBITDA Growth – – Revenue Increased 152% on a Year-Over-Year and 58% Sequentially – – Gross Profit Increased 76% from the Year-Ago Quarter and 37% Sequentially – – Adjusted EBITDA Increased 10 X from the Year-Ago Quarter and 184% Sequentially – – Continued Execution on Pipeline Expands Presence by Geographies and Verticals – TORONTO, Aug. 11, 2021 (GLOBE NEWSWIRE) — Correction: The above headline in the original version of this press release inadvertently referred to an incorrect percentage increase in Adjusted EBITDA. The headline above has been corrected in this press release. This correction does not change any other information in this press release. Points...

CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) —  STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and unaudited condensed consolidated interim financial statements and notes thereto as at June 30, 2021 (the “Financial Statements”). Readers should also refer to the “Forward-looking information & statements” legal advisory and the section regarding “Non-IFRS Measures” at the end of this press release. All financial amounts and measures are expressed in Canadian dollars unless otherwise indicated. Additional information about STEP is available on the SEDAR website at www.sedar.com, including the Company’s...

TORONTO, Aug. 11, 2021 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three and six months ended June 30, 2021. All currency amounts in this press release are in Canadian dollars except as otherwise indicated. SECOND QUARTER 2021 RESULTSAdvanced core mining-focused investment strategy, growing the Corporation’s portfolio by making significant investments in mining companies.On a consolidated basis, the Corporation reported cash of $90.9 million as at June 30, 2021 (March 31, 2021 – $72.5 million).Reduced total corporate G&A costs by 72% compared to the second quarter of 2020 (79% excluding stock-based compensation).Successfully completed warrant exercise program for shares of Dundee Precious Metals Inc., providing aggregate proceeds of...

CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and six months ended June 30, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2021 and related Management’s Discussion and Analysis (“MD&A”) for the same periods are available on our website at www.ppr.ca and filed on SEDAR. MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer commented: “The second quarter results demonstrate the underlying value of the portfolio, with strong well results and improved operating netback. The team continues to make significant progress on our decommissioning program...

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the second quarter ended June 30, 2021. Michael Binnion, President and Chief Executive Officer, commented, “We took advantage of higher prices to reduce net debt in the first half of the year. Our net debt stands at under $2 million compared to approximately $8 million at year-end. Although capital spending has been limited to date, if prices remain strong, we could see additional drilling at Kakwa late this fall or early winter.” He added, “During the quarter, we also began work on the carbon dioxide...

Company Advances on Significant Growth Initiatives in the Quarter, Executes Initial Green Financings and Refines 2021 Financial Guidance due to Lower Performance in the Offshore Wind Facilities TORONTO, Aug. 11, 2021 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for three and six months ended June 30, 2021. All dollar amounts set out herein are in thousands of Canadian dollars, unless otherwise stated. “Our second quarter financial performance was impacted by a lower wind resource in the North Sea, which was trending below the long-term average,” said Mike Crawley, Northland’s President and Chief Executive Officer. “However, these near-term financial impacts do not affect our long-term objectives nor our long-term performance. In the quarter, we continued to execute...

CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and six months ended June 30, 2021. Petrus is focused on generating free cash flow for debt repayment and further development of its Ferrier Cardium asset. Throughout the second quarter of 2021, global economies continued to show promise of a post-pandemic recovery. Increased demand for oil and natural gas persisted, which further strengthened commodity prices. Petrus generated funds flow of $8.1 million in the second quarter of 2021, which was 15% higher than in the first quarter of 2021. The Company’s production was 6,309 boe/d in the second quarter of 2021, an increase of 7% from 5,912 boe/d in the first quarter of 2021. The incremental production...