Lone Pine Resources (LPR +8.6%) reports a Q3 loss of $0.14/share vs. expectations of an $0.08...

|About: Lone Pine Resources Inc. (LPRI)|By:, SA News Editor

Lone Pine Resources (LPR +8.6%) reports a Q3 loss of $0.14/share vs. expectations of an $0.08 loss, adjusted EBITDA of $27M (flat Q/Q) and average daily sales volume -17% Y/Y and -7% Q/Q. LPR also agrees to sell assets in the Wild River area of Alberta for C$82M and will use the proceeds to pay down debt.