|Day's Range||1.31 - 1.38|
|52 Week Range||1.23 - 2.44|
|PE Ratio (TTM)||1.26|
|Earnings Date||May 11, 2017 - May 12, 2017|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||1.80|
Rating Action: Moody's upgrades Perpetual's CFR to Caa1. Global Credit Research- 06 Jul 2017. Approximately C $34 million of rated debt affected.
CALGARY, July 4, 2017 /PRNewswire/ - (PMT.TO) - Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce that the Company has entered into a new reserve-based credit facility agreement which increases the borrowing capacity available by 100% to $40 million from the previous $20 million. The increase is a result of Perpetual's improved funds flow performance driven by high graded operations and strong drilling results in the Company's East Edson focus area, coupled with financing initiatives completed in 2017 year to date and the early repayment of senior notes previously due in March 2018. Through the arrangements, the maturity date of the reserve-based credit facility has been extended from October 31, 2017 to May 31, 2019.
Perpetual Announces Increase to Credit Facilities