PrairieSky Royalty Ltd (TSX:PSK)
C$ 26.4 -1.31 (-4.73%) Market Cap: 6.31 Bil Enterprise Value: 6.49 Bil PE Ratio: 30.45 PB Ratio: 2.40 GF Score: 88/100

Q3 2020 Prairiesky Royalty Ltd Earnings Call Transcript

Oct 27, 2020 / 12:30PM GMT
Release Date Price: C$8.29 (-0.36%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the PrairieSky Royalty Ltd announces their third quarter 2020 financial results call. (Operator Instructions)

I would now like to hand the conference to your speaker today, Andrew Phillips. Thank you. Please go ahead, sir.

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

Thank you, and good morning, and thank you, everyone, for dialing into the PrairieSky Royalty Q3 2020 Earnings Call. On the call with me from PrairieSky are Cam Proctor, COO; and Pam Kazeil, CFO. I'll provide an operational update and then pass the call over to Pam to walk through the financials.

During Q3, PrairieSky introduced 15 new leasing arrangements with 15 different counterparties, resulting in lease issuance bonus of $1.8 million. This was a significant improvement from the prior quarter as many industry participants turn their attention to future opportunities following spring breakup and easing of restrictions due to COVID 19.

Among the leasing

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