Lone Pine Resources Inc. (LPRI) - OTC Markets
LPRI is defunct.
  • Sep. 26, 2013, 3:59 PM
    • Lone Pine Resources (LPRI.OB -72.9%) launches bankruptcy proceedings in Canada and files for Chapter 15 bankruptcy protection in the U.S. in a bid to cut its debt load.
    • LPRI has brokered a plan with bondholders that will allow it to shed $195M in bond debt; the plan, supported by a majority of bondholders, will hand 100% equity in the reorganized company to that group and raises $100M in new cash through a private rights offering.
    | Sep. 26, 2013, 3:59 PM | 4 Comments
  • Aug. 16, 2013, 3:46 PM
    • Lone Pine Resources (LPR -39.5%) says it elected not to make the ~$10.1M semi-annual interest payment due on Thursday on its outstanding 10.375% senior notes due 2017.
    • LPR says it is focused on addressing its liquidity and talks with noteholders are continuing.
    • A failure to restructure or refinance its debt likely would result in insufficient liquidity to fund its operations, meet its financial obligations and continue as a going concern.
    | Aug. 16, 2013, 3:46 PM | 2 Comments
  • May 29, 2013, 2:47 PM

    Lone Pine Resources (LPR -17.9%) sinks to a 52-week low after it receives a continued listing standards notice from the NYSE, Moody's downgrades its corporate credit citing a likely covenant breach and a fully drawn credit facility, and Wells Fargo cuts shares to Underperform, saying LPR's asset value is eclipsed by an over-leveraged balance sheet.

    | May 29, 2013, 2:47 PM | 4 Comments
  • May 9, 2013, 6:13 PM
    Lone Pine Resources (LPR): Q1 EPS of -$0.22 misses by $0.14. Revenue of $28.8M. (PR)
    | May 9, 2013, 6:13 PM
  • Apr. 19, 2013, 8:49 AM

    Lone Pine Resources (LPR) names Tim Granger as President and CEO. Says it drilled eight gross wells, completed nine gross wells and brought onstream nine gross wells, all located at the Evi field in Canada. Borrowing base is revised from the previously available $275M to $185M.

    | Apr. 19, 2013, 8:49 AM
  • Mar. 14, 2013, 6:02 PM
    Lone Pine Resources (LPR): Q4 EPS of -$0.15 misses by $0.09. Revenue of $36.8M misses by $9.7M. (PR)
    | Mar. 14, 2013, 6:02 PM
  • Nov. 14, 2012, 10:58 AM

    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.

    | Nov. 14, 2012, 10:58 AM | 1 Comment
  • Sep. 20, 2012, 3:59 PM

    Lone Pine Resources (LPR +18.2%) shares are surging on no apparent news. Early in the week, LPR announced it was reviewing its asset portfolio to identify options to reduce debt, improve liquidity and boost the value of its assets.

    | Sep. 20, 2012, 3:59 PM | 1 Comment
  • Sep. 17, 2012, 9:57 AM

    Lone Pine Resources (LPR +2.9%) says it hired RBC Capital Markets to review its asset portfolio and identify options to reduce debt, improve liquidity and boost the value of its assets. LPR also hires Scotia Waterous to market certain of its non-core assets.

    | Sep. 17, 2012, 9:57 AM
  • Aug. 14, 2012, 3:49 PM

    Lone Pine Resources (LPR -33%) gets pounded today after the Canadian oil and gas company reported a Q2 net loss of -$0.14 per share. Revenues fell nearly 14% to $42.4M, due largely to declines in natural gas prices and volumes. The company also reduced its FY12 capital budget by about $40M to around $160M to $175M, saying that going forward it plans to focus on cost-efficient infield drilling opportunities at its Evi properties in the Peace River Arch in Northern Alberta.

    | Aug. 14, 2012, 3:49 PM
  • May 15, 2012, 12:04 PM

    Lone Pine Resources (LPR -20.5%) shares are slammed after reporting a Q1 EPS loss of $0.07 vs. the consensus estimate of a $0.12 profit, and revenues that fell well short of estimates. Oil production rose, but gains were reduced by higher operating expenses and interest expense. LPR also lowered its full-year sales guidance due to production delays.

    | May 15, 2012, 12:04 PM
  • Sep. 6, 2011, 5:28 PM

    Forest Oil (FST) spins off Lone Pine Resources (LPR) by declaring a special stock dividend of 70M shares, representing about 82% of the outstanding float. FST -1.1%, LPR -2.1% AH.

    | Sep. 6, 2011, 5:28 PM
Company Description
Lone Pine Resources Inc. is engaged in the exploration and development of natural gas and light oil in Canada. Lone Pine's principal reserves, producing properties and exploration prospects are located in Canada in the provinces of Alberta, British Columbia and Quebec and the Northwest... More
Industry: Independent Oil & Gas
Country: Canada