• 5:44 PM Franco-Nevada (FNV): Q3 EPS of $0.31 beats by $0.01. Revenue of $105.2M (-7% Y/Y) misses by $1.8M. (PR) (Read the comments on this)
  • Tuesday, November 6, 5:43 PM Franco Nevada (FNV) agrees to acquire a ~11.7% net royalty interest in the Weyburn Oil Unit with Penn West Petroleum (PWE) for C$400M in cash. Current production levels are ~26K bbl/day of medium grade slightly sour crude. FNV expects the acquisition to be immediately accretive to revenue, cash flow and earnings.