Perpetual Energy (TSE:PMT) has released an update.
Perpetual Energy Inc. has reported a decline in fourth-quarter production by 19% year-over-year due to asset sales, although adjusted funds flow increased by 11% from the previous quarter, indicating a stronger financial performance. The company’s full-year average production slightly fell but remained within its guided range, while capital expenditures in 2023 decreased compared to the previous year.
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