CorEnergy jumps on potential sale of two units

Corenergy Infrastructure Trust

22/03/2023 14:58

(Updates)
    ** Shares of energy-focused real estate investment trust 
CorEnergy Infrastructure Trust Inc  CORR.N  up 17.7% at $1.52 
    ** Company says it expects to sell its MoGas and Omega
systems by early Q3
    ** "We anticipate net proceeds from the sale of our MoGas
and Omega systems will be sufficient to repay our bank facility
in full," says CEO Dave Schulte
    ** CORR is also pursuing the sale of underutilized real
estate, Schulte adds
    ** MoGas is a natural gas pipeline system and Omega
distributes gas in Missouri
    ** Including the session's gains, stock is down 27.3% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))