March 8, 2011 / 1:42 PM / 7 years ago

UPDATE 1-Crew Energy posts wider Q4 loss

* Q4 loss/shr C$0.12

* Q4 sales down 2 pct at C$56.6 mln

March 8 (Reuters) - Canadian oil and natural gas producer Crew Energy Inc posted a slightly wider quarterly loss hurt by lower realized natural gas prices.

The company, which operates mainly in central Alberta and northeast British Columbia, posted a net loss of C$9.5 million, or 12 Canadian cents a share, compared with a loss of C$9.2 million, or 12 Canadian cents a share, a year ago.

Production rose 1 percent to 14,654 barrels of oil equivalent per day (boe/d). Petroleum and natural gas sales were down about 2 percent at C$56.6 million.

Average price for natural gas was C$3.92 per thousand cubic feet (mcf), down from C$4.98 per mcf, last year.

Crew Energy shares closed at C$19.30 on Monday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Joyjeet Das)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below