Evi

Prairie Provident Resources Announces Fourth Quarter and Year-End 2023 Financial and Operating Results

Retrieved on: 
Tuesday, April 2, 2024
Evi, Natural gas, Sale, MD, Bank statement, TSX, PPR, CAD

CALGARY, Alberta, April 02, 2024 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) announces its operating and financial results for the fourth quarter and year ended 2023.

Key Points: 
  • CALGARY, Alberta, April 02, 2024 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) announces its operating and financial results for the fourth quarter and year ended 2023.
  • Production averaged 3,413 boe/d (64% liquids) for the fourth quarter of 2023, a 9% decrease from the same period in 2022.
  • Fourth quarter 2023 operating netback1 before the impact of derivatives was $3.2 million ($10.03/boe), and $2.9 million ($9.07/boe) after realized losses on derivatives, a $3.4 million decrease and $0.6 million increase, respectively, from the fourth quarter of 2022.
  • Net capital expenditures1 for the fourth quarter of 2023 of $0.7 million were primarily for the retention of mineral and surface leases.

Prairie Provident Resources Announces Closing of Asset Sales

Retrieved on: 
Tuesday, March 5, 2024
Evi, AER, ARO

CALGARY, Alberta, March 05, 2024 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has closed the previously announced sales of its Evi assets in Northern Alberta for net proceeds of $22.5 million after adjustments, based on an effective date of August 1, 2023, and certain non-core assets located in the Provost area of Central Alberta for net proceeds of $1.7 million after adjustments, based on an effective date of July 1, 2023.

Key Points: 
  • CALGARY, Alberta, March 05, 2024 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has closed the previously announced sales of its Evi assets in Northern Alberta for net proceeds of $22.5 million after adjustments, based on an effective date of August 1, 2023, and certain non-core assets located in the Provost area of Central Alberta for net proceeds of $1.7 million after adjustments, based on an effective date of July 1, 2023.
  • The purchasers have assumed all future abandonment and reclamation obligations (ARO) pertaining to the sold assets, which carry total AER deemed liabilities of approximately $51.0 million gross ($46.4 million net).1
    Of the net proceeds of approximately $24.2 million, $20 million has been used to reduce indebtedness under the Company’s senior secured credit facility, with the remainder to increase its working capital position.
  • Going forward, the Company intends to focus on its inventory of attractive optimization and development opportunities in Central and Southern Alberta and continue with non-core property dispositions to enhance its financial flexibility.

Prairie Provident Resources Announces Third Quarter 2023 Financial and Operating Results and Management Changes

Retrieved on: 
Tuesday, November 14, 2023
Evi, Audit committee, Interim, Executive Committee, Bank statement, Provost, Controller, MD, Railway Executive Committee, Audit, Management

CALGARY, Alberta, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces our operating and financial results for the quarter ended September 30, 2023.

Key Points: 
  • CALGARY, Alberta, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces our operating and financial results for the quarter ended September 30, 2023.
  • Production averaged 3,523 boe/d (64% liquids) for the third quarter of 2023, slightly down from the second quarter average of 2023 (3,641 boe/d), with no development capital spent.
  • Operating expenses for the third quarter of 2023 decreased by $2.97 per boe of production from the second quarter of 2023, principally due to continued attention to cost control and production optimization efforts.
  • This focus on reducing operating expenses is expected to continue improving operating netbacks during the balance of 2023.

Prairie Provident Resources Announces Strategic Asset Sales

Retrieved on: 
Monday, October 30, 2023
Princess, AER, Evi, Canadian petroleum companies, ARO, Asset purchase agreement, Cushing, USD, WTI, Oil, Real estate, Bank, Provost

Both transactions are currently expected to close on or before January 31, 2024 and are subject to regulatory approval, customary closing conditions and purchase price adjustments.

Key Points: 
  • Both transactions are currently expected to close on or before January 31, 2024 and are subject to regulatory approval, customary closing conditions and purchase price adjustments.
  • Completion of the Evi Sale and the Provost Sale will build upon the recapitalization initiated in May 2023 by streamlining the Company’s asset portfolio through the disposition of undercapitalized legacy assets, in turn allowing Prairie Provident to focus on higher return development opportunities in Central and Southern Alberta.
  • The properties included in the Evi Sale comprise the Company’s entire asset base in the Northern Alberta region.
  • National Bank Financial Inc. acted as financial advisor to Prairie Provident with respect to the Evi Sale.

EVI Industries to Attend Jefferies Virtual Industrials Conference

Retrieved on: 
Thursday, July 22, 2021
Professional services, Retail, Other Professional Services, Other Retail, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Evi

EVI Industries, Inc. (NYSE American: EVI) announced today that Henry M. Nahmad, Chairman and CEO, is scheduled to host one-on-one meetings with registered investors at the Jefferies Virtual Industrials Conference on August 4, 2021.

Key Points: 
  • EVI Industries, Inc. (NYSE American: EVI) announced today that Henry M. Nahmad, Chairman and CEO, is scheduled to host one-on-one meetings with registered investors at the Jefferies Virtual Industrials Conference on August 4, 2021.
  • For more information on the conference and to schedule a one-on-one meeting, please contact Jefferies Industrials Conference at [email protected] .
  • EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor, and a provider of advisory and technical services.
  • Through the Companys vast sales organization, the Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations.

Westmed Develops New Amazon Alexa Skill to Assist Patients with COVID-19 Resources

Retrieved on: 
Wednesday, June 9, 2021
Smart speakers, Computing, Technology, Amazon, Amazon Alexa, Microsoft Bing, Amazon Echo, Artificial intelligence, Alexa, Evi

RYE BROOK, N.Y., June 9, 2021 /PRNewswire/ -- Westmed Medical Group, a leading multispecialty outpatient practice in NY and CT, has launched its new "My Westmed" Amazon Alexa Skill designed to use voice-enabled technology to help patients access important healthcare resources related to COVID-19.

Key Points: 
  • RYE BROOK, N.Y., June 9, 2021 /PRNewswire/ -- Westmed Medical Group, a leading multispecialty outpatient practice in NY and CT, has launched its new "My Westmed" Amazon Alexa Skill designed to use voice-enabled technology to help patients access important healthcare resources related to COVID-19.
  • The Amazon Alexa Skill built by Westmed includes:
    Save My Spot in Urgent Care.
  • Westmed's Alexa Skill will work with any Alexa-enabled device including Amazon Echo, Echo Dot, Echo Show, Amazon Tap, Amazon Fire TV, etc.
  • Patients can enable the skill by visiting the "skills" section of the Alexa app, searching for "My Westmed" and clicking "enable," or simply saying, "Alexa, enable My Westmed" to any Alexa-enabled device.

EVI Industries to Attend UBS Global Industrials and Transportation Virtual Conference

Retrieved on: 
Monday, May 24, 2021
Professional services, Retail, Other Retail, Other Professional Services, Commercial Building & Real Estate, Construction & Property, Finance, Companies, Banks, Investment banks, Subprime mortgage crisis, UBS, Warburg family, Evi

EVI Industries, Inc. (NYSE American: EVI) announced today that Henry M. Nahmad, Chairman and CEO, is scheduled to host one-on-one meetings with registered investors at the UBS Global Industrials and Transportation Virtual Conference on June 8, 2021.

Key Points: 
  • EVI Industries, Inc. (NYSE American: EVI) announced today that Henry M. Nahmad, Chairman and CEO, is scheduled to host one-on-one meetings with registered investors at the UBS Global Industrials and Transportation Virtual Conference on June 8, 2021.
  • For more information on the conference and to schedule a one-on-one meeting, please contact UBS.
  • EVI is executing a long-term focused buy-and-build growth strategy in and around the commercial laundry industry.
  • EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor, and a provider of advisory and technical services to the commercial laundry industry.

EVI Industries to Attend Roth Virtual Conference

Retrieved on: 
Wednesday, March 10, 2021
Professional services, Retail, Other Retail, Other Professional Services, Commercial Building & Real Estate, Construction & Property, Roth Capital Partners, Evi, New York Stock Exchange

EVI Industries, Inc. (NYSE American: EVI) announced today that Henry M. Nahmad, Chairman and CEO, is scheduled to host one-on-one meetings with registered investors at the Roth Virtual Conference from March 15 to March 17, 2021.

Key Points: 
  • EVI Industries, Inc. (NYSE American: EVI) announced today that Henry M. Nahmad, Chairman and CEO, is scheduled to host one-on-one meetings with registered investors at the Roth Virtual Conference from March 15 to March 17, 2021.
  • For more information on the conference and to schedule a one-on-one meeting, please contact Roth Capital Partners at [email protected] .
  • EVI executes a buy-and-build strategy focused on long-term growth and shareholder value creation.
  • EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor, and a provider of advisory and technical services.

EVI Industries Reports Results for Second Quarter of Fiscal 2021; Comments on Business Acquisitions

Retrieved on: 
Tuesday, February 9, 2021
Professional services, Retail, Other Retail, Other Professional Services, Commercial Building & Real Estate, Construction & Property, Given names, Evi, Lluís Companys, New York Stock Exchange

EVI Industries, Inc. (NYSE American: EVI) (the Company or EVI) announced today its financial results for the three- and six-month periods ended December 31, 2020.

Key Points: 
  • EVI Industries, Inc. (NYSE American: EVI) (the Company or EVI) announced today its financial results for the three- and six-month periods ended December 31, 2020.
  • The acquisitions of Yankee and Eastern are the Companys first acquisitions in New England and bring the Companys total operations to seventeen businesses.
  • Gross margin during the second fiscal quarter increased from 21% to 25% resulting in record gross profit for the quarter.
  • Further, past performance of EVI and its acquired businesses and trends may not be indicative of future results.

EVI Industries Completes Acquisition of Eastern Laundry Systems

Retrieved on: 
Tuesday, January 19, 2021
Other Construction & Property, Retail, Construction & Property, Other Retail, Given names, Evi

EVI Industries, Inc. (NYSE American: EVI) announced today that it completed its acquisition of Taunton, Massachusetts based Eastern Laundry Systems on January 15, 2021.

Key Points: 
  • EVI Industries, Inc. (NYSE American: EVI) announced today that it completed its acquisition of Taunton, Massachusetts based Eastern Laundry Systems on January 15, 2021.
  • Eastern Laundry Systems is a distributor of vended and on-premise laundry products and a provider of related installation and maintenance services.
  • Henry M. Nahmad, EVIs Chairman and CEO, said: We welcome David Cabral and his team at Eastern Laundry Systems to the EVI Family.
  • Additionally, EVI designs, plans, and installs turn-key laundry, dry cleaning, boiler, and water filtration systems and provides maintenance services through its robust technical service organization.