Hammerhead

Hammerhead Energy Inc. Announces Record Financial and Operating Results for Third Quarter 2023 and a Corporate Transaction

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月曜日, 11月 6, 2023
Transfer, Financial Competitive Act of 2013, Computershare, Capital, Stanfield, Model Business Corporation Act, Competition Act, NYSE, Meeting, CPG, International, KARR, EBITDA, Montney, British Columbia, Corporation, Transport, GAAP, International Financial Reporting Standards, Exercise, Transaction, Redemption, Growth, Risk management, Capital expenditure, AECO, Investment, Gas, TSX, Natural gas, Crescent Point Energy, Oil, Airline, Security (finance), Bank, Financial services, Hammerhead

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce record financial and operating results for the third quarter of 2023.

Key Points: 
  • CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce record financial and operating results for the third quarter of 2023.
  • During the third quarter, Hammerhead delivered record production, where the rate of oil growth continued to outpace the rate of corporate production growth.
  • Hammerhead will seek approval of the Transaction by its shareholders at a special meeting expected to be held in late December 2023 (the "Meeting").
  • On the back of strong operational results, the Company generated free funds flow7 of $31.8 million during the quarter.

Hammerhead Energy Inc. Enters into Agreement to be Acquired by Crescent Point Energy Corp.

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月曜日, 11月 6, 2023
Financial Competitive Act of 2013, Arrangement, Competition Act, Fairness, CIBC, NYSE, CPG, Schonfeld Strategic Advisors, Model Business Corporation Act, Fairness opinion, Acquisition, Financial adviser, Committee, Purchasing, Transaction, Blake, Cassels & Graydon, Peters, Growth, LLP, Special, Stifel, Vinson & Elkins, Riverstone Holdings, Crescent, TSX, Crescent Point Energy, Security (finance), Audit, Hammerhead, Riverstone

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead") (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Crescent Point Energy Corp. (“Crescent Point”) (TSX: CPG ; NYSE: CPG) pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding Class A common shares of Hammerhead ("Hammerhead Shares") for total consideration of C$21.00 per Hammerhead Share (the "Purchase Price").

Key Points: 
  • CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead") (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Crescent Point Energy Corp. (“Crescent Point”) (TSX: CPG ; NYSE: CPG) pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding Class A common shares of Hammerhead ("Hammerhead Shares") for total consideration of C$21.00 per Hammerhead Share (the "Purchase Price").
  • The delivery of superior operational and financial results for all shareholders is a testament to our management team partners and all Hammerhead employees.”
    Attractive Value for Hammerhead Shareholders.
  • Hammerhead has also granted Crescent Point a right-to-match any superior proposal and will pay a termination fee of C$85 million to Crescent Point if the Arrangement Agreement is terminated in certain circumstances.
  • Crescent Point has also agreed to pay a termination fee of C$85 million to Hammerhead if the Arrangement Agreement is terminated in certain circumstances.

Crescent Point Transforms Portfolio with Strategic Alberta Montney Consolidation

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月曜日, 11月 6, 2023
Japan Act of Specified Commercial Transactions, High production volume chemicals, Duvernay, Scotiabank, Crescent Point Energy, Royal Bank of Canada, Bank, NYSE, CPG, RBC Capital Markets, KARR, US, BMO Capital Markets, Public expenditure, Consultant, Gold Creek, Gold, Riverstone, McDaniel, Transaction, Engineering, Environment, Toronto Stock Exchange, Growth, Risk, Webcast, Return, Riverstone Holdings, AECO, Royal Bank, Agreement, Crescent, Map, Norton Rose Fulbright, TSX, Accretion (finance), Oil, Cryptocurrency, Airline, Sales, Security (finance), Crown, Hammerhead

“This strategic consolidation is an integral part of our overall portfolio transformation,” said Craig Bryksa, President and CEO of Crescent Point.

Key Points: 
  • “This strategic consolidation is an integral part of our overall portfolio transformation,” said Craig Bryksa, President and CEO of Crescent Point.
  • Establishes Dominant Position in the Alberta Montney with 350,000 Net Acres of Contiguous Land Providing Synergies: The Transaction is accretive to Crescent Point’s portfolio and allows the Company to consolidate approximately 105,000 net acres of land with Montney rights, directly adjacent to its existing Alberta Montney position at Gold Creek and Karr.
  • Increases Premium Drilling Inventory to Over 20 Years: Adds approximately 800 net Montney drilling locations, further bolstering Crescent Point’s short-cycle asset portfolio.
  • The following graphic shows the acquired assets in relation to Crescent Point’s existing land position in the Alberta Montney.

Hammerhead Energy Inc. Announces Expanded Credit Facility and Repayment of Term Debt

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火曜日, 10月 3, 2023
TSX, Bank, US, Bank of Montreal, Hammerhead, GAAP

CALGARY, Alberta, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS; NASDAQ: HHRS) is pleased to announce the expansion of its credit facility to C$450 million (from C$350 million) effective September 27, 2023.

Key Points: 
  • CALGARY, Alberta, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS; NASDAQ: HHRS) is pleased to announce the expansion of its credit facility to C$450 million (from C$350 million) effective September 27, 2023.
  • The increase in the credit facility was achieved through a combination of increased commitments by the existing lenders and the addition of the Bank of Montreal into the lending syndicate.
  • The increase in the credit facility has allowed Hammerhead to repay, at par value, the remaining US$63.7 million (C$86.0 million) of principal and accrued interest outstanding on its term debt prior to maturity.
  • The early repayment of the term debt will reduce interest expense and eliminate any restrictions on Hammerhead instituting a return of capital strategy for the benefit of its shareholders.

Buell Motorcycle Co. Surpasses $120 Million in Preorders for New Super Cruiser Concept Bike

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土曜日, 9月 30, 2023
Isuzu Super Cruiser, Attitude, Human, Engineering, Growth, Hammerhead, MI, Leather, Arms industry

GRAND RAPIDS, Mich., Sept. 29, 2023 /PRNewswire-PRWeb/ -- It was never just a tagline or an ad campaign. They told us Buell was back. And now they're proving it.

Key Points: 
  • In just six months, Buell has amassed over $120 million in preorders for their groundbreaking Super Cruiser 1190.
  • In an unprecedented show of support from motorcycle enthusiasts worldwide, Buell Motorcycle Co. has achieved a remarkable milestone.
  • In just six months, Buell has amassed over $120 million in preorders for their groundbreaking Super Cruiser 1190 collaboration with iconic motorcycle designer, Roland Sands.
  • With its remarkable preorder success merely underscoring the enduring appeal of the American motorcycle, Buell is reasserting their claim: Buell is back.

Scosche® Industries Presents Its Wonderful Collection Of Accessories For The New Devices Announced At The Apple® Wonderlust Event

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水曜日, 9月 13, 2023
Music, Pinterest, Bass, Travel, Data-rate units, PD, USB, Apple Watch, Dash, Promax, Supply chain, Electricity, IP67, IPhone, Collection, Office, SE, News, MagSafe, PPS, Thunderbolt (interface), MSRP, IPad, Hammerhead, LED, Vent, USB Implementers Forum, Safety, Wireless, IPad Pro (2nd generation), Portrait, AirPods, USB 2.0, Gallium nitride, Coffeehouse, Nitrogen oxide, Stick, MacBook Air, Atmosphere of Earth, Health, Cassette tape, Mobile phone, Camera, Satellite navigation device, Electric battery, Television, Palladium, Apple, Lightning, Watch, Standby

OXNARD, Calif., Sept. 13, 2023 /PRNewswire-PRWeb/ -- At their Wonderlust event yesterday, Apple revealed its latest line up of new devices, all featuring USB-C connectors. Apple described USB-C as the "universally accepted standard" for charging, data transfer and for playing audio and video. Scosche is ready to help Apple users maximize their use and enjoyment of all of their new, and existing, Apple devices with charge and sync cables, Power Delivery chargers for home and in-vehicle, elegant new phone mounts, multi-device charging stands for home, office and travel, adaptable power banks and MagSafe® compatible portable speakers.

Key Points: 
  • OXNARD, Calif., Sept. 13, 2023 /PRNewswire-PRWeb/ -- At their Wonderlust event yesterday, Apple revealed its latest line up of new devices, all featuring USB-C connectors.
  • Apple announced that going forward the same USB-C cable can be used to charge your MacBook®, iPad®, iPhone, AirPods and Watch.
  • The 4 ft. StrikeLine HH cable is available in black or white at an MSRP of $34.99.
  • The braided 4 ft. StrikeLine USB4 cable will be available mid-October, 2023 at Scosche.com at an MSRP of $39.99.

Hammerhead Energy Inc. Announces Increased 2023 Production Guidance

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水曜日, 9月 6, 2023
Public expenditure, TSX, Hammerhead, Cryptocurrency

CALGARY, Alberta, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Based upon continued strong execution in the field with respect to both costs and performance, Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce increased 2023 annual average production guidance of 41,500 boe/d3 from the previous estimate of 40,200 boe/d.

Key Points: 
  • CALGARY, Alberta, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Based upon continued strong execution in the field with respect to both costs and performance, Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce increased 2023 annual average production guidance of 41,500 boe/d3 from the previous estimate of 40,200 boe/d.
  • Crude oil production is estimated to be 35% of production from a prior estimate of 33%.
  • As a result, field estimates of Hammerhead’s corporate production volumes for the month of August averaged 48,500 boe/d3, while also having additional production “behind pipe” due to North Karr total production capability exceeding infrastructure capacity.
  • Due to these savings, Hammerhead is reducing its capital expenditures guidance in 2023 to $500 million5 from $525 million.

Hammerhead Energy Inc. Announces Second Quarter 2023 Financial and Operating Results

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木曜日, 8月 3, 2023
Well, Computershare, Exercise, Maintenance, KARR, Smooth hammerhead, Capital expenditure, Indian stock exchange, International, Wells, Wildfire, GAAP, EDGAR, Gas, EUR, EBITDA, Investment, Montney, British Columbia, International Financial Reporting Standards, Gold, Corporation, Natural gas, Capital, Warrant, TSX, Growth, Oil, Renewable energy, Airline, Financial services, Environmental remediation, Bank, Hammerhead

CALGARY, Alberta, Aug. 03, 2023 (GLOBE NEWSWIRE) --  Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce financial and operating results for the second quarter of 2023.

Key Points: 
  • CALGARY, Alberta, Aug. 03, 2023 (GLOBE NEWSWIRE) --  Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce financial and operating results for the second quarter of 2023.
  • Scott Sobie, President and CEO of Hammerhead, notes “Hammerhead continues to deliver peer-leading production and cash flow per share growth to date in 2023.
  • We expect to see an inflection point in free cash flow generation in the second half of 2023.
  • Based on results to date, Hammerhead remains well positioned to deliver on its 2023 annual guidance.

Buell® Unveils 40th-anniversary Freedom Edition Hammerhead

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水曜日, 6月 28, 2023
Torque, Buell Motorcycle Company, Hammerhead, Motorcycle, News, Aquaculture, Publishing

GRAND RAPIDS, Mich., June 28, 2023 /PRNewswire-PRWeb/ -- Buell Motorcycles, proud manufacturer of the only American-built sport bike lineup, announces the launch of a 40th-anniversary Freedom Edition Hammerhead 1190. With a striking paint scheme featuring red, white, and blue stars and stripes, it celebrates 40 years of Buell Motorcycles and the lifeblood of American freedom.

Key Points: 
  • GRAND RAPIDS, Mich., June 28, 2023 /PRNewswire-PRWeb/ -- Buell Motorcycles, proud manufacturer of the only American-built sport bike lineup, announces the launch of a 40th-anniversary Freedom Edition Hammerhead 1190.
  • "To us, the Freedom Edition represents our unwavering commitment to our heritage, our fans, and the freedom that comes with riding a Buell."
  • The first 40 Freedom Edition bikes will also feature a special four-year warranty and the underside of the bodywork will be autographed by the Buell factory family - Team Buell.
  • To us, the Freedom Edition represents our unwavering commitment to our heritage, our fans, and the freedom that comes with riding a Buell.

Hammerhead Energy Inc. announces results of its substantial issuer bid

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月曜日, 6月 5, 2023
Exercise, Computershare, HEI, Indian stock exchange, Hammerhead (comics), Purchase price allocation, Bangladesh Securities and Exchange Commission, R5, Expiration, HHR, SEDAR, Warrant, TSX, Security (finance), News, Offer, Hammerhead

Immediately following the purchase and cancellation of such Warrants, Hammerhead anticipates that 15,697,756 Warrants, 91,049,197 Common Shares, 5,080,060 legacy restricted share units, 650,495 legacy options, and 1,945,115 restricted share awards will be issued and outstanding.

Key Points: 
  • Immediately following the purchase and cancellation of such Warrants, Hammerhead anticipates that 15,697,756 Warrants, 91,049,197 Common Shares, 5,080,060 legacy restricted share units, 650,495 legacy options, and 1,945,115 restricted share awards will be issued and outstanding.
  • Payment for the Warrants accepted for purchase will be made in accordance with the terms of the Offer and applicable law.
  • At this time, the Warrants are not redeemable and Hammerhead has not issued a notice of redemption.
  • Immediately following the take-up and payment of the Warrants by Hammerhead under the Offer, R5 will not own any Warrants.