Husky Energy Inc. - HSE.t

Husky Energy Inc. - HSE.t is one of Canada's largest integrated energy companies. The company's foundation in heavy oil and Western Canada supports major growth opportunities in the Asia Pacific Region, the Oil Sands and the Atlantic Region.

On March 9, 2016 the company released News

"Husky Energy (TSX: HSE) has renewed a $2 billion syndicated credit facility, with a maturity date extension to March 2020.

The extension of the credit facility with existing lenders is aligned with the Company's objectives to strengthen its financial flexibility through the current commodity price environment.

With $4 billion in committed credit lines, of which $2.4 billion is undrawn, Husky has a strong liquidity position. The total includes the renewed $2 billion credit facility, extended from 2016 to 2020, and a second $2 billion credit facility with a maturity date of mid-2018.

Husky recently had its investment grade credit rating reaffirmed by all major rating agencies and has no major bond maturities until 2019.
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http://canadastockjournal.blogspot.com/2016/03/husky-energy-inc-hset.html

Franco-Nevada Corporation - FNV.t

Franco-Nevada Corporation - FNV.t is a gold focused royalty and stream company with additional interests in platinum group metals and other resource assets. The majority of revenues are generated from high margin assets in North America.

On March 11, 2016, the company released News

"Franco-Nevada Corporation (TSX: FNV; NYSE: FNV) is pleased to report its results
for the fourth quarter and year end December 31, 2015.
Q4 2015 Highlights
• Record 106,312 Gold Equivalent Ounces1 (“GEOs”), an increase of 14.6% over Q4 2014;
• $121.3 million in revenue (Q4 2014 - $123.0 million);
• Adjusted EBITDA2 of $95.8 million, or $0.61 per share (Q4 2014 - $96.2 million, or $0.62 per share);
• Adjusted Net Income3 of $23.7 million, or $0.15 per share (Q4 2014 - $31.6 million or $0.20 per share);
• Non-cash impairment charges of $62.8 million, predominantly related to oil interests; and
• Net Loss of $31.4 million, or $0.20 per share (Q4 2014 - Net Income of $1.6 million, or $0.01 per share).
2015 Highlights
• Record 360,070 GEOs (2014 - 293,415 GEOs), 22.7% higher than 2014;
• Record $443.6 million in revenue (2014 - $442.4 million);
• Adjusted EBITDA of $339.3 million, or $2.16 per share (2014 - $356.9 million, or $2.37 per share);
• Adjusted Net Income of $88.9 million , or $0.57 per share (2014 - $137.5 million, or $0.91 per share);
• Over $1.0 billion invested in 2015 followed by another $500.0 million in early 2016; and
• Declared dividends of $129.0 million, eighth consecutive year of increases.
“Franco-Nevada’s diversified portfolio continues to perform well,” stated David Harquail, CEO. “Overall, the underlying operations are meeting or exceeding our expectations. On top of this, we have been able to add significant new high-quality and long-duration assets that will further strengthen the portfolio and provide additional growth.
In just the last 18 months over $2 billion has been invested in these new assets and their initial performances have been excellent. Thanks to the support of our investors in our recent equity issue, Franco-Nevada has net cash and is well positioned for further investments.”

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http://canadastockjournal.blogspot.com/2016/03/franco-nevada-corporation-fnvt.html

Osisko Gold Royalties Ltd - OR.t

Osisko Gold Royalties Ltd - OR.t focus is as a mining royalty and exploration company whose cornerstone assets are a 5% NSR royalty on the Canadian Malartic Gold Mine, located in Malartic, Quebec and a sliding scale 2.0% – 3.5% NSR royalty on the Éléonore mine. The Company also holds a 2% NSR royalty on the Upper Beaver, Kirkland Lake and Hammond Reef gold exploration projects in Northern Ontario.

On March 14, 2016 the company released Numbers

"Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX) reports today fourth quarter net earnings¹ of $4.5 million ($0.05 per share). Net earnings for the full year 2015 reached $28.5 million ($0.33 per share).Highlights – 2016

• Closed a $50.0 million financing in the form of a convertible debenture with Investissement Québec;
• Closed a bought deal financing for total gross proceeds of $172.6 million;
• Declaration of a quarterly dividend of $0.04 per common share on February 17, 2016, payable on April 15, 2016 to shareholders of record as of the close of business on March 31, 2016.

Highlights – 2015

• 30,125 gold ounces earned and 30,104 ounces sold (2014 – 12,327 ounces earned and sold);
• 31,318 silver ounces earned and 31,263 ounces sold (2014 – 11,915 ounces earned and sold);
• Revenues of $45.4 million (2014 – $17.2 million);
• Dividend income mainly from holdings in Labrador Iron Ore Royalty Corporation (“LIORC”) of $5.9 million;
• Net earnings of $28.5 million, $0.33 per basic share (2014¹ – net loss of $2.1 million, $0.05 per basic share);
• Adjusted earnings² of $40.4 million, $0.46 per basic share2 (2014 – $10.1 million and $0.22 per basic share);
• Net cash flows provided by operating activities³ of $32.2 million (2014¹ – $5.9 million);
• Total value of working capital and marketable securities of $380.5 million at December 31, 2015;
• Completed the friendly acquisition of Virginia Mines Inc. (“Virginia”);
• Full repayment of US$5 million advanced royalty payment to Goldcorp Inc. (“Goldcorp”) (4,328 gold ounces);
• Completed a bought deal private placement for total gross proceeds of over $200.0 million;
• Acquisition of a 9.8% interest in LIORC;
• Announced the acquisition of a portfolio of Canadian royalties held by Teck Resources Limited and its subsidiary Teck Metals Ltd. for a cash consideration of $28.0 million, with an additional $2.5 million payable on confirmation of certain rights;
• Implementation of a Dividend Reinvestment Plan;
• Increased its revolving credit facility from $100.0 million to $150.0 million with a possibility to increase by $50 million; and
• Increased fourth quarter dividend to $0.04 per common share and declared on November 4, 2015 and payable on January 15, 2016 to shareholders of record as of the close of business on December 31, 2015.

Highlights – Fourth Quarter 2015

• 7,989 gold ounces earned and 8,437 ounces sold (2014 – 5,010 ounces earned and 5,484 ounces sold);
• 8,574 silver ounces earned and 9,019 ounces sold (2014 – 4,902 ounces earned and 5,392 ounces sold);
• Revenues of $12.8 million (2014 – $7.6 million);
• Dividend income from holdings in LIORC of $1.6 million;
• Net earnings of $4.5 million or $0.05 per basic and diluted share (2014 – net loss of $2.2 million or $0.04 per basic and diluted share);
• Adjusted earnings of $10.5 million or $0.11 per share (2014 – adjusted earnings of $3.1 million or $0.06 per share);
• Operating income of $4.0 million in 2015 (2014 – operating loss of $0.4 million); and
• Net cash flows provided by operating activities before change in non-cash working capital items of $8.2 million (2014 – $2.6 million).

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http://canadastockjournal.blogspot.com/2016/03/osisko-gold-royalties-ltd-ort.html