CALGARY, Alberta, July 20, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its second quarter (“Q2 2020“) operating and financial results for the period ended June 30, 2020.

Second Quarter 2020 Highlights:     • Revenues totaled $28.2 million, comprised of royalty production revenues of $25.1 million and other revenues of $3.1 million.   • Funds from Operations totaled $21.3 million ($0.09 per common share basic and diluted).   • Royalty production averaged 18,671 BOE per day (46% liquids).   • Second quarter dividends declared of $13.9 million ($0.06 per share), representing a payout ratio of… Continue Reading

CALGARY, Alberta, July 07, 2020 (GLOBE NEWSWIRE) — PrairieSky will release its Q2 2020 results on Monday, July 20, 2020 after markets close.  The news release detailing PrairieSky’s Q2 2020 results will provide operating and financial information.  Financial statements along with management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR at www.sedar.com.

A conference call to discuss the results will be held for the investment community on Tuesday, July 21, 2020 beginning at 6:30 am MT (8:30 am ET).  To participate in the conference call, approximately 10 minutes prior to the conference call, … Continue Reading

CALGARY, Alberta, June 10, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.06 per common share, payable in cash on July 15, 2020 to shareholders of record on June 30, 2020.  This dividend is designated as an “eligible dividend” for Canadian income tax purposes.

About PrairieSky Royalty Ltd.

PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties.  PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow … Continue Reading

CALGARY, Alberta, May 13, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce that the Toronto Stock Exchange (the “TSX“) has accepted the notice of PrairieSky’s intention to commence a normal course issuer bid (the “NCIB“). PrairieSky previously purchased an aggregate of 1,335,700 common shares at a weighted average price per share of $13.30 under a normal course issuer bid that ran between May 13, 2019 and May 12, 2020.

On April 20, 2020, PrairieSky announced its intention to seek TSX approval to renew its NCIB for an additional one-year period. The … Continue Reading

CALGARY, Alberta, April 21, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce that its shareholders approved all resolutions at the annual meeting of shareholders of the Company held on April 21, 2020 (the “Meeting“) in Calgary, Alberta. The resolutions approved at the Meeting were as follows:

The resolution to appoint the eight (8) nominees as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed, was passed by way of ballot and each of the directors received … Continue Reading

CALGARY, Alberta, April 20, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its first quarter (“Q1 2020“) operating and financial results for the period ended March 31, 2020.

First Quarter 2020 Highlights:   •   Royalty production averaged 22,160 BOE per day (52% liquids), in line with royalty production in Q4 2019 of 22,203 BOE per day (53% liquids) and Q1 2019 of 22,007 BOE per day (52% liquids). •   Revenues totaled $52.7 million, comprised of royalty production revenues of $49.1 million and other revenues of $3.6 million. •   Funds from Operations totaled… Continue Reading

CALGARY, Alberta, April 07, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) will release its Q1 2020 results on Monday, April 20, 2020 after markets close. The news release detailing PrairieSky’s Q1 2020 results will provide operating and financial information. Financial statements and management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR at www.sedar.com.

A conference call to discuss the results will be held for the investment community on Tuesday, April 21, 2020 beginning at 6:30 am MDT (8:30 am EDT). To participate in the conference call, approximately … Continue Reading

CALGARY, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) announces that its annual general meeting of holders of common shares scheduled for Tuesday, April 21, 2020 at 9:30 a.m. (MDT) at the Calgary Petroleum Club will be changed to a virtual meeting to be held at the same time and on the same date.

As the City of Calgary and the Province of Alberta have declared a state of public health emergency, and to support efforts to combat the spread of COVID-19, PrairieSky has made the decision to change its in person … Continue Reading

CALGARY, Alberta, March 16, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) announced today that its Board of Directors has adjusted the Company’s allocation of free cash flow for the balance of the year.

Over the past week global commodity markets have seen unprecedented volatility resulting from crude oil production and pricing policies implemented by global participants, as well as market reactions to the spread of COVID-19. PrairieSky’s Board of Directors has taken decisive action by adjusting the Company’s dividend to a level significantly below its anticipated free cash flow. This decision will afford PrairieSky … Continue Reading

CALGARY, Alberta, Feb. 10, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its fourth quarter (“Q4 2019“) and 2019 year-end operating and financial results for the period ended December 31, 2019. In addition, PrairieSky’s Board of Directors has confirmed the annual dividend of $0.78 per share for the upcoming year.

PRESIDENT’S MESSAGE

Fourth Quarter 2019 Highlights:

Funds from Operations totaled $55.8 million ($0.24 per common share basic and diluted).

Revenues totaled $67.1 million, comprised of royalty production revenues of $63.4 million and other revenues of $3.7 million.

Royalty production averaged 22,203

… Continue Reading

CALGARY, Alberta, Feb. 06, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a dividend of CDN $0.065 per common share, payable in cash on March 16, 2020 to shareholders of record on February 28, 2020.  This dividend is designated as an “eligible dividend” for Canadian income tax purposes.

About PrairieSky Royalty Ltd.

PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties.  PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and … Continue Reading

CALGARY, Alberta, Jan. 21, 2020 (GLOBE NEWSWIRE) — PrairieSky will release its annual and Q4 2019 results on Monday, February 10, 2020 after markets close.  The news release detailing PrairieSky’s Annual and Q4 2019 results will provide operating and financial information.  Financial statements, management’s discussion and analysis and the annual information form will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR at www.sedar.com.

A conference call to discuss the results will be held for the investment community on Tuesday, February 11, 2020 beginning at 6:30 am MT (8:30 am ET).  To participate in the conference call, approximately … Continue Reading