In December, Magnum Hunter Resources filed for bankruptcy ... Welcome to Your Blomberg Queue Save and view news and videos any time, anywhere on any computer, mobile browser, Blomberg TV+ pad Lapp, or Apple TV. Richardson, is blunt about what he thinks matters most: nuclear punch. Stock Market In Correction After Steep Losses Yahoo Shuts Money-Losing Video Hub: Report 01/04/2016 08:07 PM ET - Possibly signalling dimming video ambitions, Web portal Yahoo shoo has closed Yahoo Screen, a video hub launched by the company in 2013 to unite the company's many original and syndicated programs under one roof, according to a media report on Monday. More » This material may not be published, broadcast, rewritten, or redistributed. ©2015 FOX News Network, LLB. All rights reserved. A Time Warner Company. Regulators are sceptical of Halliburton's ...
Funds flow from operations is calculated as cash flow from operating activities, excluding decommissioning costs incurred and changes in non-cash working capital incurred. Bellatrix generated funds flow from operations of $12.9 million ( $0.07 per basic and diluted share) in the first quarter of 2016, a decrease of 48% from $24.9 million ( $0.13 per basic and diluted share) generated in the comparative 2015 period. The decrease in funds flow from operations between the first quarters of 2015 and 2016 was mainly attributable to lower realized commodity pricing for crude oil and natural gas and a 13% decrease in sales volumes, partially offset by decreased production, transportation, royalty and general and administrative expenses. Bellatrix's cash flow from operating activities for the three months ended March 31, 2016 decreased by 54% to $10.3 million ( $0.05 per basic and diluted share) from $22.6 million ( $0.12 per basic and diluted share) generated in the first quarter of 2015. Management believes that, in addition to net profit (loss), adjusted net profit (loss) is a useful supplemental measure as it reflects the underlying performance of Bellatrix's business activities by excluding the after tax effectafter adjusting for non-deductible tax items ofnon-cash commodity contracts mark-to-market gains and losses, unrealized foreign exchange gains and losses, non-cash impairment charges and non-cash one time charges, as applicable, that may significantly impact net profit (loss) from period to period. Adjusted Net Profit (Loss) (13,986) (1) Tax impact on non-operating items after adjusting for non-deductible tax items calculated using 27% tax rate in 2016 (2015: 25%). For the three months ended March 31, 2016 , Bellatrix recognized an adjusted net loss of $16.0 million ( $0.08 per basic and diluted share), compared to an adjusted net loss of $14.0 million ( $0.07 per basic and diluted share) in the comparative 2015 period. The variance in adjusted net loss recorded in the first quarter of 2016 compared to adjusted net loss in the same period in 2015 was the result of the decrease in revenue attributable to the significant reduction in commodity prices partially offset by the decreased cash costs and depletion and depreciation expenses.
For the original version including any supplementary images or video, visit Bellatrix Exploration Ltd. Announces First Quarter 2016 Financial and Operating Results - Yahoo Finance
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