Market Impact: Positive given PSK's financial position is better than expected. 4Q15 cash flow beat expectations, primarily due to a $23 mm current tax recovery. As expected, the dividend was cut, by 45%, and the DRIP and stock dividend program were suspended.
29 Feb 2016
4Q15 CASH FLOW BEATS DUE TO TAX RECOVERY - DIVIDEND CUT 45%
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
4Q15 CASH FLOW BEATS DUE TO TAX RECOVERY - DIVIDEND CUT 45%
PrairieSky Royalty Ltd (PSK:TSE) | 0 0 0.0% | Mkt Cap: 6,860m
- Published:
29 Feb 2016 -
Author:
Michael P. Dunn -
Pages:
4
Market Impact: Positive given PSK's financial position is better than expected. 4Q15 cash flow beat expectations, primarily due to a $23 mm current tax recovery. As expected, the dividend was cut, by 45%, and the DRIP and stock dividend program were suspended.