|Bid||0.330 x 0|
|Ask||0.355 x 0|
|Day's Range||0.3500 - 0.3700|
|52 Week Range||0.1700 - 0.8300|
|Beta (3Y Monthly)||3.14|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 11, 2017 - May 12, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.45|
Perpetual Energy Inc. Releases Third Quarter 2018 Financial and Operating Results and Provides 2019 Guidance
CALGARY , Aug. 27, 2018 /CNW/ - (PMT.TO) - Perpetual Energy Inc. ("Perpetual" or the "Company") announces that it has filed a Statement of Defence and Application for Summary Dismissal with the Alberta Court of Queen's Bench (the "Court") in response to the opportunistic Statement of Claim filed by PricewaterhouseCoopers Inc. LIT ("PwC"), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. ("Sequoia"), as previously announced by Perpetual on August 6, 2018 . In the Statement of Defence, the Company outlines the details and facts surrounding an arm's length and fair market value sale transaction that PwC seeks to set aside (the "Transaction"). Perpetual acted in good faith, lawfully and appropriately in all aspects of the Transaction and was fully compliant with the regulatory regime and public policy reflected therein.
CALGARY , Aug. 6, 2018 /CNW/ - (PMT.TO) - Perpetual Energy Inc. ("Perpetual" or the "Company") announces that it has received a Statement of Claim filed by PricewaterhouseCoopers Inc. LIT ("PwC"), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. ("Sequoia"), with the Alberta Court of Queen's Bench (the "Court"), against Perpetual, Perpetual Operating Trust, Perpetual Operating Corp. and Susan Riddell Rose . The claim relates to an almost two year old transaction when, on October 1, 2016 , Perpetual sold its then legacy shallow gas assets in east central and northeast Alberta (the "Shallow Gas Properties") to an arm's length third party at fair market value at the time after an extensive and lengthy marketing, due diligence and negotiation process. This transaction was one of several completed by Sequoia.
CALGARY , May 14, 2018 /CNW/ - (PMT.TO) - Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce that it has closed the disposition of non-core royalty interests in eastern Alberta for gross proceeds of $10.0 million . The disposed assets were comprised of the 1% gross overriding royalty interest previously retained on 42 net sections (27,722 net acres) of undeveloped oil sands leases in northeast Alberta sold in June 2015 and March 2016 . Approximately 5,700 boe of royalty interest reserve volume representing $0.2 million of reserve value was assigned to the royalty lands in the Company's third-party engineering report prepared by McDaniel and Associates Consultants Ltd. ("McDaniel") as at December 31, 2017 .
Moody's Investors Service (Moody's) downgraded Perpetual Energy Inc.'s (Perpetual) Corporate Family Rating to Caa2 from Caa1, Probability of Default Rating to Caa2-PD from Caa1-PD, senior unsecured notes rating to Caa3 from Caa2, and the Speculative Grade Liquidity Rating to SGL-4(weak) from SGL-3 (adequate). "The downgrade reflects Perpetual's significant debt maturities in 2019, including the company's revolver, with no cash sources to repay the current debt", said Paresh Chari, Moody's VP-Analyst.