Brief: Barnwell Industries Reports Year-End And Fourth Quarter Results

Barnwell Industries

16/12/2019 11:05

Dec 16 (Reuters) - Barnwell Industries Inc  BRN.A :
    * BARNWELL INDUSTRIES, INC. REPORTS YEAR-END AND FOURTH
QUARTER
RESULTS
    * Q4 LOSS PER SHARE $0.52
    * BARNWELL INDUSTRIES- TAKING STEPS TO FREEZE PENSION PLAN,
SUPPLEMENTAL PENSION PLAN WITH AN EYE TOWARDS TERMINATING THEM
THEREAFTER
    * BARNWELL INDUSTRIES - POSITIVE IMPACT OF NEW PRODUCTION
FROM
SPIRIT RIVER WELL WILL BEGIN TO BE REFLECTED IN Q1 2020
    * BARNWELL INDUSTRIES - 2019 RESULTS IMPACTED BY OIL PRICE
DIFFERENTIAL LEADING TO LARGE DROP IN CANADIAN OIL PRICES IN
NOV, DEC 2018 & JAN 2019
    * ASSUMING COMMODITY PRICES CONTINUE AT OR NEAR CURRENT
LEVELS, CO
PROJECTS MUCH BETTER RESULTS FOR FISCAL 2020

Source text for Eikon:  ID:nGNX6lTpJh 
Further company coverage:  BRN.A 

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