PrairieSky Royalty Ltd (TSX:PSK)
C$ 27.75 -0.32 (-1.14%) Market Cap: 6.63 Bil Enterprise Value: 6.74 Bil PE Ratio: 29.84 PB Ratio: 2.42 GF Score: 88/100

Q1 2021 Prairiesky Royalty Ltd Earnings Call Transcript

Apr 20, 2021 / 12:30PM GMT
Release Date Price: C$13.01 (-6.34%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the PrairieSky Royalty announces their First Quarter 2021 Financial Results Conference Call. (Operator Instructions) Please be advised that today's conference may be recorded. (Operator Instructions)

I would now like to hand the conference over to your speaker today, Andrew Phillips, President and CEO. Please go ahead.

Andrew M. Phillips
PrairieSky Royalty Ltd. - President, CEO & Non-Independent Director

Thank you, and good morning, and thank you for dialing into the Q1, 2021 PrairieSky Royalty Earnings Call. Online from PrairieSky are Cam Proctor, COO; Pam Kazeil, CFO; and myself, Andrew Phillips.

Q1 of 2021 saw roughly flat production from the fourth quarter but a 20% increase in funds from operations due to strong pricing in our unhedged royalty production. The second quarter will see the benefit of a full quarter of contribution from our recently completed Deep Basin royalty acquisition. The PSK team is hard at work integrating the asset package, conducting compliance

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