OKOTOKS, ALBERTA--(Marketwired - June 2, 2014) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to report record financial and operating results for the three month period ended March 31, 2014. Highlights Generated cash flow from operations of $249,551 in the first quarter of 2014 compared to a negative cash flow of ($41,010) in first quarter of 2013; Achieved an operating netback of $22.61 per boe in the first quarter of 2014, a 41.8% increase over the first quarter [Read more]
Archives for June 2014
Oil rises above $103 after China reports improvement in manufacturing
Oil prices rose Monday on the prospect of increased demand from China after data showed an improvement in manufacturing.Benchmark U.S. oil for July delivery was up 58 cents to US$103.29 a barrel at 2:30 a.m. ET in electronic trading on the New York Mercantile Exchange. The contract fell 87 cents to close at $102.71 on Friday.Chinese data showed Sunday that manufacturing grew for the third consecutive month in May, suggesting a slowdown in the world's second-largest economy is stabilizing.The [Read more]
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