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Oil patch insider: Borealis assigns numerous ORRIs;may have sold E. North Slope block - February 21, 2021


Providing coverage of Alaska and northern Canada s oil and gas industry
Oil patch insider: Borealis assigns numerous ORRIs;
may have sold E. North Slope block
Kay Cashman
Petroleum News
In the latest monthly lease report posted by Alaska’s Division of Oil and Gas, 23 pages are devoted to Borealis Alaska Oil’s over-riding royalty interest assignments. More ORRI assignments are expected from the company, a re-brand of Nordaq Energy, as well as working interest assignments to a rumored buyer of the company’s eastern North Slope leases - Balcony Natural Resources, which per Alaska Department of Commerce filings looks to be newly formed and 100% owned by Kerry Smith, who heads up Oleum Partners LLC of Dallas, Texas. ....

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Casella Waste Systems, Inc. Announces Fourth Quarter and Fiscal Year 2020 Results and Provides Fiscal Year 2021 Guidance Nasdaq:CWST


(MENAFN - GlobeNewsWire - Nasdaq) RUTLAND, Vt., Feb. 18, 2021 (GLOBE NEWSWIRE) Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three and twelve month periods ended December 31, 2020. The Company also provided guidance for the fiscal year ending December 31, 2021 ( fiscal year 2021 ).
Highlights for the Three and Twelve Months Ended December 31, 2020:
Revenues were $200.2 million for the quarter, up $6.6 million, or up 3.4%, from the same period in 2019. Revenues were $774.6 million for the twelve months ended December 31, 2020 ( fiscal year 2020 ), up $31.3 million, or up 4.2%, from the fiscal year ended December 31, 2019 ( fiscal year 2019 ). ....

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Stocks Fade by Thursday Close


The S&P/TSX Composite slid 100.71 points to end Thursday at 18,274.07.
The Canadian dollar strengthened 0.16 cents to 78.89 cents U.S.
Health-care issues weighed most on the index, with Aphria skidding $1.26, or 6.1%, to $19.35, while Aurora Cannabis lost $1.31, or 7.9%, to $15.26.
In the gold sector, Barrick Gold gave back 74 cents, or 2.8%, to $25.67, while Kinross Gold fell 16 cents, or 1.8%, to $8.52.
Energy stocks also failed to make the grade Thursday, as Imperial Oil slipped 51 cents, or 1.9%, to $26.18, while Seven Generations Energy surrendered 12 cents, or 1.3%, to $8.85.
On a more positive note, financials pulled ahead, with Equitable Group adding $2.37, or 2%, to $118.39, while Industrial Alliance Insurance and Financial Services gained 93 cents, or 1.5%, to $64.73. ....

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Big chill heats up prices - February 21, 2021


Providing coverage of Alaska and northern Canada s oil and gas industry
Big chill heats up prices
Storm freezes third of U.S. oil production; Permian Basin output down 65%
Steve Sutherlin
Petroleum News
Alaska North Slope crude eked out a 3-cent gain Feb. 10, notching a close of $61.26 to cap off the longest oil price rally in two years. Brent and West Texas Intermediate made small gains, closing at $61.47 and $58.68, respectively.
On Feb. 11, all three indexes fell as traders and analysts pondered whether prices had gotten ahead of themselves following a torrid run upward from the depths of pandemia in spring 2020. The indexes resumed an upward trajectory before signing off for a long holiday weekend Feb. 12. ....

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Talitha exploration well results promising - February 21, 2021


Providing coverage of Alaska and northern Canada s oil and gas industry
Talitha exploration well results promising
Target depth of 10,452 feet reached with four distinct oil-bearing zones identified; Great Bear Pantheon moves to testing phase
Kay Cashman
Petroleum News
Pantheon Resources plc said Feb. 15 that the Great Bear Pantheon-operated Talitha A exploration well has reached its target depth of 10,452 feet and the results so far seem promising. The central North Slope well has been logged and sidewall cores taken for assaying by a third party lab.
“Based on p..
    [additional news subjects in this story]
So far so good ....

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