Legacy Oil + Gas Swings To Q1 Profit

Legacy Oil + Gas Inc

swung to a first-quarter profit. Legacy Oil posted a quarterly profit of C$1.3 million, or 1 Canadian cent a share, versus a year-ago loss of C$2.9 million, or 2 Canadian cents a share. Its average production climbed to 16,370 barrels of oil equivalent per day (boe/d), versus 12,854 boe/d. Legacy Oil's average realized price surged 7% to C$76.79 per boe. Legacy Oil shares closed at $7.60 on Friday.