LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of Dec. 31, 2015, the company’s unaudited total assets were approximately $185.7 million and its unaudited net asset value was $134.7 million, or $19.37 per share. As of Dec. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior [Read more]
Archives for January 2016
Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2015
LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of Dec. 31, 2015, the company’s unaudited total assets were approximately $253.2 million and its unaudited net asset value was $190.8 million, or $13.14 per share. As of Dec. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior securities [Read more]
Tortoise MLP Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2015
LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Dec. 31, 2015, the company’s unaudited total assets were approximately $1.4 billion and its unaudited net asset value was $874.4 million, or $18.60 per share. As of Dec. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to [Read more]
Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2015
LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of Dec. 31, 2015, the company’s unaudited total assets were approximately $2.6 billion and its unaudited net asset value was $1.4 billion, or $28.79 per share. As of Dec. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with [Read more]
Tortoise Pipeline & Energy Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2015
LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that as of Dec. 31, 2015, the company’s unaudited total assets were approximately $241.5 million and its unaudited net asset value was $166.7 million, or $16.64 per share. As of Dec. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with [Read more]
Tourmaline Oil Corp. Achieved 2015 Exit Guidance in Late November
CALGARY, AB--(Marketwired - January 04, 2016) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to update fourth quarter 2015 operating and financial performance. The Company has further reduced the 1H 2016 capital spending program. PRODUCTION UPDATE The Company achieved target 2015 exit guidance of 190,000-200,000 boepd (1.005 bcf/day, 27,700 bpd oil, condensate and NGLs) during the last week of November, well ahead of schedule. A significant further [Read more]
Crew Energy Announces 2016 Capital Budget Focused on Maintaining Balance Sheet Strength, Reducing Costs While Increasing Production by 28%
CALGARY, ALBERTA--(Marketwired - Jan. 4, 2016) - Crew Energy Inc. (TSX:CR) ("Crew" or the "Company") today announces that our Board of Directors has approved a 2016 capital expenditure program of $74 million structured to preserve balance sheet strength, optimize production throughput to enhance netbacks through firm transportation arrangements and focus on continued cost reductions. The capital activities planned for 2016 highlight Crew's strategy to maintain financial flexibility while [Read more]
CONSOL Energy to Participate at the Goldman Sachs Global Energy Conference 2016
PITTSBURGH, Jan. 4, 2016 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) announced today that it will participate in the Goldman Sachs Global Energy Conference 2016 in Miami, Florida on Wednesday and Thursday, January 6-7, 2016. CONSOL Energy's President and Chief Executive Officer, Nicholas J. DeIuliis, and Chief Operating Officer of the E&P Division, Timothy C. Dugan, will meet with investors at the conference. Also, on Thursday, January 7, 2016 at 11:00am ET, Mr. DeIuliis will participate in [Read more]
Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio
CALGARY, ALBERTA--(Marketwired - Jan. 4, 2016) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.39313 to 1.40050. This increase will be effective on January 15, 2016 (the "Effective Date"). The following are the details of the calculation of the Exchange Ratio: [Read more]
PetroQuest Energy Receives Continued Listing Standard Notice From NYSE
LAFAYETTE, La., Jan. 4, 2016 /PRNewswire/ -- PetroQuest Energy, Inc. (the "Company") (NYSE: PQ) announced that it received notice from NYSE Regulation, Inc. that it is not in compliance with the continued listing standards set forth in Section 802.01B of the Listed Company Manual of the New York Stock Exchange, Inc. (the "NYSE") because the Company's average global market capitalization fell below $50 million over a trailing consecutive 30 trading-day period and its last reported stockholders' [Read more]