Brief: Highwood Oil Company Provides Revised 2020 Guidance

Highwood Asset Management

09/04/2020 23:07

April 9 (Reuters) - Highwood Oil Company Ltd  HOCL.V :
    * HIGHWOOD OIL COMPANY LTD. PROVIDES REVISED 2020 GUIDANCE
AND
OPERATIONAL UPDATE
    * HIGHWOOD OIL COMPANY - CHOSEN TO CEASE ALL
NON-DISCRETIONARY
CAPITAL ACTIVITY FOR BALANCE OF 2020 UNTIL REALIZED PRICING IN
WESTERN CANADA REBOUNDS
    * HIGHWOOD OIL COMPANY LTD - IS CURRENTLY HEDGED AN AVERAGE
OF 467
BBL/D FOR DURATION 2020 AT AN AVERAGE REALIZED PRICE OF $66.89
CAD WTI
    * HIGHWOOD OIL COMPANY LTD - UNTIL PRICE RECOVERIES ARE
SEEN, DOES
NOT PLAN TO BRING ADDITIONAL PRODUCTION BACK ONLINE
    * HIGHWOOD OIL COMPANY LTD - PLANS TO APPLY FOR GOVERNMENT
OF
CANADA WAGE SUBSIDY INITIATIVE IN RESPONSE TO COVID-19 OUTBREAK

Source text for Eikon:  ID:nCNWCwhzya 
Further company coverage:  HOCL.V 

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