Q4 2020 Prairiesky Royalty Ltd Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the PrairieSky Royalty Ltd. announces their annual and fourth quarter 2020 financial results. (Operator Instructions)
I would now like to hand the conference over to Andrew Phillips. Thank you. Please go ahead, sir.
Thank you very much, Natalia, and good morning, everyone, and thank you for dialing in to the PrairieSky Royalty Year-end 2020 Earnings Call. On the call from PSK are Cam Proctor, COO; Pam Kazeil, CFO; and myself, Andrew Phillips. I will provide an operational update and then turn the call over to Pam to walk you through the financials.
2020 was an active year for the PrairieSky team. We canceled 9.8 million shares for $91 million and actively leased undeveloped lands, including 25 new leases in Q4 with 22 distinct counterparties for just under $1 million in bonus consideration. We expect leasing activity to improve in 2021 as commodity prices have normalized. The compliance
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