12:59:28 EDT Thu 22 Apr 2021
Enter Symbol
or Name

Login ID:

Energy Summary for Feb. 25, 2021

2021-02-25 20:22 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery lost seven cents to $63.46 on the New York Merc, while Brent for April lost 16 cents to $66.88 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.05 to WTI, down from a discount of $10.95. Natural gas for April lost two cents to $2.76. The TSX energy index lost 3.40 points to close at 112.41.

It was another day, another multibillion-dollar net loss reported in the energy sector, as the industry headed into the busiest part of the year-end 2020 reporting season. Today the honour went to Baytex Energy Corp. (BTE), down 10 cents to $1.23 on 27 million shares. It pegged its full-year net loss for 2020 at $2.43-billion. This largely reflected $2.36-billion in impairment charges. The headline-grabbing loss aside, Baytex's financials were best described as middling. The company reported fourth quarter production of 70,500 barrels of oil equivalent a day and cash flow of 15 cents a share. Those figures were roughly in line with analysts' predictions of 71,200 barrels a day and 14 cents a share.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2021 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.