Tag: Asset sale
Alberta energy brief: Pengrowth sells $827 million of asset of assets to reduce debt
Pengrowth re-focuses on 100%-owned core areas, Birchcliffe reduces debt in order to fund capex Pengrowth closes significant asset sales Pengrowth Energy Corp.’s Q2 2017 financial report highlights asset sales, as well as reductions to outstanding debt and cost structures, the company announced in a press release. Since the start of 2017, Pengrowth closed $827 […]
Chesapeake Energy loses $14.8 billion in 2015, cuts capex 57%
Chesapeake Energy’s 2015 daily production averaged 679,200 boe, year-over-year increase of 8% Chesapeake Energy shares are tumbling after the company announced it lost $14.8 billion in 2015 and plans to cut its capex by 57 per cent for the current year. For the 2015 full year, Chesapeake reported a net loss available to common stockholders […]
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