HRT Stock Price, News, Filings & Events — Sherritt International Corporation

Sherritt International Corporation is an integrated energy company primarily involved in the production of heavy crude oil, natural gas, and electricity. Its operations are mainly located in Cuba, with additional activities in Spain and Pakistan. Operations Overview: - Cuba: - Heavy Crude Oil: Sherritt's net working-interest production in Cuba was approximately 10,437 barrels of oil per day (bopd) in 2015. (sherritt.com) - Electricity: The company operates power facilities in Cuba, contributing to the national grid. (sherritt.q4web.com) - Spain: - Light and Medium Crude Oil: In 2015, Sherritt's net working-interest production in Spain was about 426 bopd. (sherritt.com) - Pakistan: - Natural Gas: The company's net working-interest production in Pakistan was approximately 1.77 million cubic feet per day (MMcfpd) in 2015. (sherritt.com) Business Model: Sherritt operates as an integrated energy company, engaging in upstream (exploration and production), midstream (processing and transportation), and downstream (electricity generation) activities.

Sherritt International Corporation's oil and gas production is primarily based in Cuba, with additional interests in Spain and Pakistan. The company does not publicly disclose detailed production figures for oil, gas, and natural gas liquids (NGLs) separately. Additionally, specific realized prices and basin differentials compared to WTI and Henry Hub benchmarks are not publicly available. Oil and Gas Production: - Cuba: Sherritt's oil and gas operations are located offshore along the north coast of Cuba, utilizing specialized long-reach directional drilling methods from land-based locations. (sherritt.com) - Spain: The company holds working interests in several oil fields in the Gulf of Valencia. (sherritt.com) - Pakistan: Sherritt has a working interest in a natural gas field. (sherritt.com) Pricing and Differentials: - Cuba: Oil pricing is based on a discount to Gulf Coast Fuel Oil 6 (GCF06) reference prices. (sherritt.com) - Spain and Pakistan: Specific pricing and basin differentials are not publicly disclosed. For the most accurate and up-to-date information, it is recommended to consult Sherritt's official financial reports or contact the company directly.

Sherritt International Corporation's specific reserve life, finding and development (F&D) costs per barrel of oil equivalent (BOE), recycle ratio, and Tier-1 drilling inventory at the current pace are not publicly disclosed. General Industry Benchmarks: - Reserve Life Index (RLI): Indicates the number of years reserves will last at current production rates. - Proved Developed Producing (PDP): 7.0 years - Total Proved (1P): 18.7 years - Total Proved plus Probable (2P): 28.1 years (stockwatch.com) - F&D Costs per BOE: Reflects the cost to add new reserves. - PDP: $26.17 - 1P: $28.58 - 2P: $32.73 (rubelliteenergy.com) - Recycle Ratio: Measures the efficiency of capital expenditures in generating reserves. - PDP: 1.3x - 1P: 1.2x - 2P: 1.0x (rubelliteenergy.com) - Tier-1 Drilling Inventory: Represents high-quality drilling locations. - Rubellite Energy reported 4,966 Mboe of exploration and development reserves additions in 2025. (rubelliteenergy.com) Please note that these figures are from other companies and may not directly apply to Sherritt International Corporation.

Sherritt International Corporation's breakeven oil and gas price for generating free cash flow is not publicly disclosed. The company has not provided specific guidance on the oil and gas price required to achieve free cash flow at current capital expenditures and dividend levels. Oil and Gas Operations Overview: - Revenue and Losses: - In 2020, the Oil and Gas segment generated revenues of $24.9 million, a decrease from $29.7 million in 2019. The segment reported a loss from operations of $136.4 million in 2020, compared to a loss of $24.7 million in 2019. (sherritt.com) - Capital Expenditures: - The company invested $1.6 million in Oil and Gas capital projects during 2020, funded by cash flows generated from the segment. (sherritt.com) - Production Volumes: - In 2020, approximately 94% of Sherritt's worldwide oil and gas production was from Cuba, with the remainder from interests in several oil fields off the coast of Spain. (sherritt.com) Management's Perspective: Sherritt's management has not publicly specified the exact oil and gas price required to achieve free cash flow at current capital expenditures and dividend levels. The company continues to fund its Oil and Gas operations through internally generated cash flows and is considering strategic partnerships to fund future development costs for new and existing projects. (sherritt.com) For the most accurate and up-to-date information, it is recommended to consult Sherritt International Corporation's official financial reports and investor communications.

Sherritt International Corporation does not currently produce or explore for oil and gas in Cuba and maintains interests in two production-sharing contracts in the exploration phase, with no substantive expenditures on further exploration in these blocks. (sherritt.com) Consequently, there is no information available regarding hedging of oil and gas volumes for the upcoming year.

Sherritt International Corporation (TSX:S) does not currently pay a base or variable dividend, nor does it engage in share buybacks. The company has been focusing on debt reduction and capital expenditures to strengthen its financial position. In 2025, Sherritt reported a free cash flow (FCF) of $12.6 million, a significant turnaround from a negative FCF of $1.6 million in 2024. (sherritt.com) However, the company has not disclosed specific percentages of FCF allocated to debt paydown or capital expenditures.

Sherritt International Corporation's financial performance is sensitive to commodity price fluctuations, including oil and gas. However, specific quantitative impacts of a $10 per barrel change in oil prices or a $1 per MMBtu change in gas prices on annual free cash flow and net debt are not publicly disclosed. Commodity Price Sensitivity: - Nickel and Cobalt: Sherritt's earnings and financial condition depend largely upon the market prices for nickel and cobalt, which are volatile. (sherritt.com) - Oil and Gas: Revenues, earnings, and cash flows from the sale of oil and gas are sensitive to changes in market prices, over which the Corporation has little or no control. (annualreports.com) Financial Impact: - Free Cash Flow: The Corporation defines free cash flow for each segment as cash provided (used) by continuing operations for operating activities, less cash expenditures on property, plant and equipment and intangible assets, including exploration and evaluation assets. (businesswire.com) - Net Debt: Specific details regarding the impact of commodity price changes on net debt are not publicly disclosed. For precise sensitivity analyses, investors should refer to Sherritt's official financial reports or contact the company's investor relations department.

Sherritt International Corporation has committed to achieving net-zero emissions by 2050. In its 2024 Climate Report, the company updated its short-term (2030) climate targets, aiming for a 10% reduction in greenhouse gas emissions intensity for both its Metals and Power businesses by 2030. (sherritt.com) Key Environmental Commitments: - Net-Zero Emissions by 2050: Sherritt has set a goal to reach net-zero emissions by 2050. (sherritt.com) - Short-Term Targets: The company aims for a 10% reduction in greenhouse gas emissions intensity for both its Metals and Power businesses by 2030. (sherritt.com) Climate Change Strategy: Sherritt's climate change strategy is guided by four principles: - Adapt: Adjust operations to changing climate conditions. - Mitigate: Implement measures to reduce greenhouse gas emissions. - Innovate: Develop and adopt new technologies to support decarbonization. - Enable: Support stakeholders in their climate-related efforts. The company is in the process of developing climate and energy management systems to improve the evaluation and management of climate-related risks and opportunities. (sherritt.com) Reporting and Transparency: Sherritt releases annual sustainability reports detailing its environmental performance and progress toward ESG goals. The 2023 Sustainability Report marks the 16th year of sustainability reporting for the company, demonstrating how sustainability is embedded into every facet of its business. (sherritt.com) Specific data on methane intensity, flaring, and carbon capture expenditures are not publicly disclosed in the avail...