Finance & Investing | General News | Capital Markets
Post-Bankruptcy, Lonestar Lists Stock on OTCQX Exchange
Following its successful restructuring finalized on November 30, 2020, Lonestar Resources US Inc. began trading today on OTCQX under the symbol "LONE."
Lonestar's Chief Executive Officer, Frank D. Bracken, III commented, "Lonestar is pleased to re-establish its status as a publicly-traded company. Further, Lonestar has emerged with substantially lower long-term obligations, and in 2021, we are excited to build on our 2020 well results, which were the best in the Company's history. Lonestar's capital program is designed to generate high rates of return while generating meaningful free cash flow, which will initially be directed toward further reductions in long-term debt."
Related Categories :
Finance & Investing
More Finance & Investing News
-
CrownRock Wasted No Time Sellling Oxy Shares It Acquired
-
Baytex Energy Corp. First Quarter 2023 Results
-
Silverbow Resources Board Adopts 'Poison Pill' Strategy
-
Bonterra Energy Second Quarter 2022 Results
-
Range Resources Second Quarter 2022 Results
Gulf Coast News >>>
-
New E&P Company Just Raised $2.0 Billion, Hunting for Assets.
-
IOG forms Partnership with PE-Firm First Reverse To Fund DrillCo's -
-
Top E&P Outline Drilling & Frac Program For 2025; 18 Rigs & 5 Frac Crews
-
Liberty Energy Reducing Frac Fleets As Market Activity Slows; Talks 2025 -
-
Top Oilfield Company Retire Rigs & Cut Frac Horsepower Expecting Soft 2025 Market
Gulf Coast - South Texas News >>>
-
Top Mergers & Acquisitions Deals To Date In Q3 2024
-
Map : $12 Billion Plus in Permian Assets For Sale; Who are Will be the Buyers?
-
Service Companies Talk Bleak Outlook for Remainder of 2024 -
-
Contrary to the Noise from Top Service Companies; Activity to Slow For Remainder 2024 -
-
Shale Experts Frac Maket Forecast 2024