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Last C$4.39 CAD
Change Today +0.09 / 2.09%
Volume 266.7K
TET On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:00 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

trilogy energy corp (TET) Snapshot

Open
C$4.29
Previous Close
C$4.30
Day High
C$4.45
Day Low
C$4.24
52 Week High
09/5/14 - C$27.99
52 Week Low
08/24/15 - C$3.30
Market Cap
575.9M
Average Volume 10 Days
789.3K
EPS TTM
C$-0.93
Shares Outstanding
105.4M
EX-Date
12/16/14
P/E TM
--
Dividend
--
Dividend Yield
3.19%
Current Stock Chart for TRILOGY ENERGY CORP (TET)

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trilogy energy corp (TET) Details

Trilogy Energy Corp. develops, produces, and sells natural gas, crude oil, and natural gas liquids in Canada. It holds interests in oil and natural gas properties located in the Kaybob and Grande Prairie areas of Alberta. As of December 31, 2014, the company had a total acreage of 350,696 net acres, which included 37,092 net acres of undeveloped land. Trilogy Energy Corp. is headquartered in Calgary, Canada.

193 Employees
Last Reported Date: 03/4/15

trilogy energy corp (TET) Top Compensated Officers

Chief Executive Officer and Non Independent D...
Total Annual Compensation: --
President and Chief Operating Officer
Total Annual Compensation: C$351.1K
Chief Financial Officer
Total Annual Compensation: C$339.6K
General Counsel and Corporate Secretary
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2014.

trilogy energy corp (TET) Key Developments

Trilogy Energy Corp. Provides Production Guidance for the Third Quarter of 2015

Trilogy Energy Corp. provided production guidance for the third quarter of 2015. announced that the recent suspension of the mainline pipeline system operated by Alliance Pipeline has resulted in a deferral of approximately 40 mmcf per day of Trilogys natural gas production and 3,500 bbls per day of crude oil and natural gas liquids over the seven-day period the pipeline operations were suspended. Alliance shut down its system on August 7, 2015, following the detection of H2S that entered the system as a result of complications experienced by an upstream operator. The mainline pipeline system was restarted and commercial operations and service resumed on August 13, 2015. The downtime is expected to reduce company's estimated third quarter 2015 production by approximately 1,200 boe per day and annual production by approximately 300 boe per day.

Trilogy Energy Corp. Announces Unaudited Consolidated Financial and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Earnings Guidance for the Year 2015

Trilogy Energy Corp. announced unaudited consolidated financial and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported funds flow from operations was CAD 33,803,000 or CAD 0.27 per diluted share compared to CAD 81,846,000 or CAD 0.27 per diluted share for the quarter ended March 31, 2015. Petroleum and natural gas sales were CAD 81,852,000 compared to CAD 81,846,000 for the quarter ended March 31, 2015. Loss before tax was CAD 35,146,000 or CAD 0.28 per diluted share compared to CAD 28,447,000 or CAD 0.23 per diluted share for the quarter ended March 31, 2015. Loss after tax was CAD 26,881,000 or CAD 0.21 per diluted share compared to CAD 20,662,000 or CAD 0.16 per diluted share for the quarter ended March 31, 2015. Net capital expenditures totaled CAD 6,644,000 as compared to CAD 47,729,000 for the quarter ended March 31, 2015. For the six months, the company reported funds flow from operations was CAD 163,698,000 or CAD 0.54 per diluted share compared to CAD 183,412,000 or CAD 1.44 per diluted share for the same period a year ago. Petroleum and natural gas sales were CAD 163,698,000 compared to CAD 335,533,000 for the same period a year ago. Loss before tax was CAD 63,592,000 or CAD 0.50 per diluted share compared to earnings before tax of CAD 62,007,000 or CAD 0.49 per diluted share for the same period a year ago. Loss after tax was CAD 47,543,000 or CAD 0.38 per diluted share compared to earnings after tax of CAD 45,619,000 or CAD 0.36 per diluted share for the same period a year ago. Net capital expenditures totaled CAD 54,373,000 compared to CAD 286,255,000 for the same period a year ago. Net debt as on June 30, 2015 was CAD 737,018,000 compared to CAD 750,109,000 as on June 30, 2014. For the quarter, the company’s total production was 28,926 Boe/d compared to 33,041 Boe/d for the quarter ended March 31, 2014. Natural gas production was 113 MMcf/d against 125 MMcf/d for the quarter ended March 31, 2014. Oil production was 5,559 Bbl/d against 6,874 Bbl/d for the quarter ended March 31, 2014. Natural gas liquids production was 4,533 Boe/d against 5,396 Boe/d for the quarter ended March 31, 2014. For the six months, the company’s total production was 30,972 Boe/d compared to 34,670 Boe/d a year ago. Natural gas production was 119 MMcf/d against 124 MMcf/d a year ago. Oil production was 6,213 Bbl/d against 8,504 Bbl/d a year ago. Natural gas liquids production was 4,962 Boe/d against 5,483 Boe/d a year ago. For the year 2015, the company expects average production of 30,000 Boe/d. The company expects capital expenditures of CAD 100 million.

Trilogy Energy Corp. Provides Revolving Credit Facility Update

Trilogy Energy Corp. provided an update on its revolving credit facility borrowing base review. Trilogy and its credit facility lenders completed their annual borrowing base redetermination. The borrowing base will decrease from $725 million to $675 million, consisting of: a working capital tranche (unchanged at $35 million); a revolving tranche of $515 million (previously $690 million) and a development facility in the amount of $125 million. The working capital and revolving tranches continue to have a maturity date of April 30, 2017 while amounts drawn on the development facility mature on April 30, 2016. Initial and on-going borrowings from the development facility are available for use to develop Trilogy's oil reserve drilling inventory locations to the extent that, among other requirements, the closing crude spot price exceeds an average of $70 a barrel for a preceding sixty day period.

 

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