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PrairieSky posts Q4 net earnings of $50.7M; revenue slumps on lower oil price

2015-02-24 06:46:34| Oil & Gas - Topix.net

PrairieSky Royalty Ltd. has reported net earnings of $50.7 million or 38 cents per share in the final quarter of 2014. Revenue was $69.6 million in the three months ended Dec. 31. Production in the quarter averaged 17,280 barrels of oil equivalent per day, with an average realized price of $39.24 per barrel, versus $62.35 in the second quarter and $59.60 in the third.

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