Orchid Island Capital (ORC) Stock

Orchid Island Capital reported a disappointing Q3 2024 with a 2.1% BV decrease, contrary to my projected 0.8% increase. ORC's strategy of purchasing higher coupon MBS negatively impacted BV, and the lack of new hedges exacerbated valuation losses. Despite the BV decline, ORC's core earnings/EAD equivalent metric showed slight improvement, driven by plateaued borrowing costs and investment portfolio growth.

TORTOLA, British Virgin Islands, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three and nine month periods ended September 30, 2024 ("Q3 2024") with the Canadian securities regulatory authorities. All amounts are in United States dollars (“$”) unless otherwise stated.

TORTOLA, British Virgin Islands, Nov. 01, 2024 (GLOBE NEWSWIRE) -- November 1, 2024: Orca Energy Group Inc. ("Orca" or the "Company") and includes its subsidiaries and affiliates, including PanAfrican Energy Tanzania Limited ("PAET") and Pan African Energy Corporation (Mauritius) ("PAEM") (TSX-V: ORC.A, ORC.B) announces an operational update.

Orchid Island Capital, Inc. (NYSE:ORC ) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Robert Cauley - Chairman and CEO Hunter Haas - CFO Conference Call Participants Jason Weaver - JonesTrading Mikhail Goberman - Citizens JMP Jason Stewart - Janney Montgomery Scott Christopher Nolan - Landenburg Thalmann & Co. Eric Hagen - BTIG Operator Good morning and welcome to the Third Quarter 2024 Earnings Conference Call of Orchid Island Capital. This call is being recorded today, October 25th, 2024.

VERO BEACH, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid” or the "Company"), a real estate investment trust ("REIT"), today announced that it will release results for the third quarter of 2024 following the close of trading on the New York Stock Exchange on Thursday, October 24, 2024.

TORTOLA, British Virgin Islands, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three and six month periods ended June 30, 2024 ("Q2 2024") with the Canadian securities regulatory authorities. All amounts are in United States dollars (“$”) unless otherwise stated.

TORTOLA, British Virgin Islands, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 (Cdn) per Class A Common Voting Share ("Class A Shares") of the Company and $0.10 (Cdn) per Class B Subordinate Voting Share ("Class B Shares") of the Company. The dividend will be payable on October 14 , 2024 to holders of Class A Shares and Class B Shares of record on September 30, 2024.

TORTOLA, British Virgin Islands, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. ("Orca" or the "Company" and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces that its 100% wholly-owned subsidiaries, PanAfrican Energy (Tanzania) ("PAET") and Pan African Energy Corporation (Mauritius) ("PAEM"), have issued a notice of dispute in respect of an investment treaty claim under the Agreement on Promotion and Reciprocal Protection of Investment between the Government of the Republic of Mauritius and the Government of the United Republic of Tanzania ("Government of Tanzania")(the "BIT") against the Government of Tanzania for breach of the BIT, alongside notifying a contractual dispute against the Government of Tanzania and Tanzanian Petroleum Development Corporation ("TPDC"), a petroleum corporation owned and controlled by the Government of Tanzania, for breaches of: (i) the Production Sharing Agreement between the Government of Tanzania, TPDC, and PAET (the "PSA"), and (ii) the Gas Agreement between the Government of Tanzania, TPDC, Songas Limited ("Songas") and PAET (the "GA"), for an amount in excess of $1.2 billion. All amounts set forth herein are in United States dollars ("$") unless otherwise stated.

TORTOLA, British Virgin Islands, July 29, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. ("Orca" or the "Company" and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces an update that its 100% wholly-owned subsidiary PanAfrican Energy Tanzania Limited ("PAET") has failed to reach a commercial resolution of the outstanding gas sales contract negotiations and license extension with Tanzania Petroleum Development Corporation ("TPDC"), a petroleum corporation owned and controlled by the United Republic of Tanzania ("Tanzania"), and the Government of the United Republic of Tanzania ("Government of Tanzania") under the (i) the Production Sharing Agreement between the Government of Tanzania, TPDC, and PAET dated October 11, 2001 (the "PSA"), and (ii) the terms and conditions set forth in the Gas Agreement between the Government of Tanzania, TPDC, Songas Limited ("Songas") and PAET dated October 11, 2001 (the "GA"). All amounts set forth herein are in United States dollars ("$") unless otherwise stated.