Palo Alto Networks Set to S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Tuesday, June 20 to coincide with the quarterly rebalance. The U.S. equity markets will be closed on Monday, June 19 in observance of the Juneteenth holiday. The changes ensure each index is more representative of its market capitalization range. All companies moving to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies moving to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.

Palo Alto Networks Inc. (NASD:PANW) will replace DISH Network Corp. (NASD:DISH) in the S&P 500, and DISH Network will replace Cutera Inc. (NASD:CUTR) in the S&P SmallCap 600.
Doximity Inc. (NYSE:DOCS), Berry Global Group Inc. (NYSE:BERY), BWX Technologies Inc.DISH (NYSE:BWXT), Planet Fitness Inc. (NYSE:PLNT), Crown Holdings Inc. (NYSE:CCK), Dropbox Inc. (NASD:DBX), Graphic Packaging Holding Co. (NYSE:GPK), Ovintiv Inc. (NYSE:OVV), ZoomInfo Technologies Inc. (NASD:ZI) and WESCO Intl Inc. (NYSE:WCC) will replace Dana Inc. (NYSE:DAN), John Wiley & Sons Inc. (NYSE:WLY), Sunpower Corp. (NASD:SPWR), Ingevity Corp. (NYSE:NGVT), Fulton Financial Corp. (PA) (NASD:FULT), Douglas Emmett (NYSE:DEI), Victoria's Secret & Co. (NYSE:VSCO), Macerich Co. (NYSE:MAC), SiTime Corp. (NASD:SITM), and Navient Corp. (NASD:NAVI) respectively in the S&P MidCap 400. All constituents being removed from the S&P MidCap 400 will be added to the S&P SmallCap 600 replacing PetMed Express Inc. (NASD:PETS), Comtech Telecommunications Corp. (NASD:CMTL), Eagle Pharmaceuticals Inc. (NASD:EGRX), Children's Place Inc. (NASD:PLCE), Rayonier Advanced Materials Inc (NYSE:RYAM), LivePerson Inc. (NASD:LPSN), Gannett Co Inc. (NYSE:GCI), DMC Global Inc. (NASD:BOOM), Genesco Inc. (NYSE:GCO), and Zumiez (NASD:ZUMZ) respectively.
Artisan Partners Asset Management Inc. (NYSE:APAM), California Resources Corp. (NYSE:CRC), CarGurus Inc. (NASD:CARG), Moelis & Co. (NYSE:MC), Phillips Edison & Company Inc. (NASD:PECO), Schrodinger Inc. (NASD:SDGR), and UFP Technologies Inc. (NASD:UFPT) will replace LendingTree Inc. (NASD:TREE), Tredegar Corp. (NYSE:TG), Inogen Inc. (NASD:INGN), Douglas Elliman Inc. (NYSE:DOUG), FARO Technologies Inc. (NASD:FARO), Cara Therapeutics Inc. (NASD:CARA) and Big Lots Inc. (NYSE:BIG) in the S&P SmallCap 600.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
June 19, 2023	S&P 500	Addition	Palo Alto Networks	PANW	Information Technology
	S&P 500	Deletion	DISH Network	DISH	Communication Services
June 19, 2023	S&P MidCap 400	Addition	Berry Global Group	BERY	Materials
	S&P MidCap 400	Addition	BWX Technologies	BWXT	Industrials
	S&P MidCap 400	Addition	Crown Holdings	CCK	Materials
	S&P MidCap 400	Addition	Doximity	DOCS	Health Care
	S&P MidCap 400	Addition	Dropbox	DBX	Information Technology
	S&P MidCap 400	Addition	Graphic Packaging Holding	GPK	Materials
	S&P MidCap 400	Addition	Ovintiv	OVV	Energy
	S&P MidCap 400	Addition	Planet Fitness	PLNT	Consumer Discretionary
	S&P MidCap 400	Addition	WESCO Intl	WCC	Industrials
	S&P MidCap 400	Addition	ZoomInfo Technologies	ZI	Communication Services
	S&P MidCap 400	Deletion	Dana	DAN	Consumer Discretionary
	S&P MidCap 400	Deletion	Douglas Emmett	DEI	Real Estate
	S&P MidCap 400	Deletion	Fulton Financial (PA)	FULT	Financials
	S&P MidCap 400	Deletion	Ingevity	NGVT	Materials
	S&P MidCap 400	Deletion	John Wiley & Sons	WLY	Communication Services
	S&P MidCap 400	Deletion	Macerich	MAC	Real Estate
	S&P MidCap 400	Deletion	Navient	NAVI	Financials
	S&P MidCap 400	Deletion	SiTime	SITM	Information Technology
	S&P MidCap 400	Deletion	Sunpower	SPWR	Industrials
	S&P MidCap 400	Deletion	Victoria's Secret & Co	VSCO	Consumer Discretionary
June 19, 2023	S&P SmallCap 600	Addition	Artisan Partners Asset Mgt	APAM	Financials
	S&P SmallCap 600	Addition	California Resources	CRC	Energy
	S&P SmallCap 600	Addition	CarGurus	CARG	Communication Services
	S&P SmallCap 600	Addition	Dana	DAN	Consumer Discretionary
	S&P SmallCap 600	Addition	DISH Network	DISH	Communication Services
	S&P SmallCap 600	Addition	Douglas Emmett	DEI	Real Estate
	S&P SmallCap 600	Addition	Fulton Financial (PA)	FULT	Financials
	S&P SmallCap 600	Addition	Ingevity	NGVT	Materials
	S&P SmallCap 600	Addition	John Wiley & Sons	WLY	Communication Services
	S&P SmallCap 600	Addition	Macerich	MAC	Real Estate
	S&P SmallCap 600	Addition	Moelis & Co	MC	Financials
	S&P SmallCap 600	Addition	Navient	NAVI	Financials
	S&P SmallCap 600	Addition	Phillips Edison & Co	PECO	Real Estate
	S&P SmallCap 600	Addition	Schrodinger	SDGR	Health Care
	S&P SmallCap 600	Addition	SiTime Corp	SITM	Information Technology
	S&P SmallCap 600	Addition	Sunpower Corp	SPWR	Industrials
	S&P SmallCap 600	Addition	UFP Technologies	UFPT	Health Care
	S&P SmallCap 600	Addition	Victoria's Secret & Co	VSCO	Consumer Discretionary
	S&P SmallCap 600	Deletion	Big Lots	BIG	Consumer Discretionary
	S&P SmallCap 600	Deletion	Cara Therapeutics	CARA	Health Care
	S&P SmallCap 600	Deletion	Children's Place	PLCE	Consumer Discretionary
	S&P SmallCap 600	Deletion	Comtech Telecommunications	CMTL	Information Technology
	S&P SmallCap 600	Deletion	Cutera	CUTR	Health Care
	S&P SmallCap 600	Deletion	DMC Global	BOOM	Energy
	S&P SmallCap 600	Deletion	Douglas Elliman	DOUG	Real Estate
	S&P SmallCap 600	Deletion	Eagle Pharmaceuticals	EGRX	Health Care
	S&P SmallCap 600	Deletion	FARO Technologies	FARO	Information Technology
	S&P SmallCap 600	Deletion	Gannett Co	GCI	Communication Services
	S&P SmallCap 600	Deletion	Genesco	GCO	Consumer Discretionary
	S&P SmallCap 600	Deletion	Inogen	INGN	Health Care
	S&P SmallCap 600	Deletion	LendingTree	TREE	Financials
	S&P SmallCap 600	Deletion	LivePerson	LPSN	Information Technology
	S&P SmallCap 600	Deletion	PetMed Express	PETS	Consumer Discretionary
	S&P SmallCap 600	Deletion	Rayonier Advanced Materials	RYAM	Materials
	S&P SmallCap 600	Deletion	Tredegar	TG	Materials
	S&P SmallCap 600	Deletion	Zumiez	ZUMZ	Consumer Discretionary

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com .

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content: https://www.prnewswire.com/news-releases/palo-alto-networks-set-to-sp-500-others-to-join-sp-midcap-400-and-sp-smallcap-600-301841701.html

SOURCE S&P Dow Jones Indices

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OVV

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ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains certain forward-looking statements or information (collectively, FLS) within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements that relate to the anticipated future activities or expectations of the Company are FLS. FLS in this news release include, but are not limited to: expectations of plans, strategies and objectives of the Company, including planned ESG initiatives; the anticipated success of, and benefits from, technology and innovation; the ability of the Company to meet and maintain certain targets, including with respect to emissions-related and ESG performance. FLS involve certain assumptions and are subject to both known and unknown risks and uncertainties, many of which are beyond our control. These assumptions include: the assumptions contained herein; data contained in key modeling statistics; and expectations and projections made in light of the Company's historical experience. Risks and uncertainties include: our ability to generate sufficient cash flow to meet obligations; commodity price volatility; uncertainties, costs, and risks involved in our operations, including hazards and risks incidental to the drilling, completion, production and transportation of oil, natural gas and natural gas liquids; ability to secure adequate transportation and storage for oil, natural gas and natural gas liquids; potential curtailments of gathering, transportation or refining operations, including resulting storage constraints or widening price differentials; business interruption, property and casualty losses or unexpected technical difficulties; counterparty and credit risk; impact of changes in credit rating and access to liquidity, including costs thereof; risks in marketing operations; risks associated with technology; risks associated with lawsuits, governmental regulations and regulatory actions, including disputes with partners and our ability to timely obtain environmental or other necessary permits; our ability to acquire or find additional reserves; imprecision of reserves estimates and estimates of recoverable quantities; and other risks and uncertainties as described in the Company's Annual Report on Form 10- K, Quarterly Report on Form 10-Q and as described from time to time in its other periodic filings as filed on EDGAR and SEDAR. The above assumptions, risks and uncertainties are not exhaustive. Actual future results may vary materially and adversely from those expressed or implied in our FLS and such statements may not occur. Although the Company believes such FLS are reasonable, FLS should be understood to be only predictions and statements of our current beliefs; they are not guarantees of performance. FLS are made as of the date hereof and, except as required by law, the Company undertakes no obligation to update or revise any FLS.

Further information on Ovintiv Inc. is available at www.ovintiv.com , or by contacting:

Investor contact: (888) 525-0304
investor.relations@ovintiv.com

Media contact: (403) 645-2252

View original content to download multimedia: https://www.prnewswire.com/news-releases/ovintiv-announces-release-of-2022-sustainability-report-301822206.html

SOURCE Ovintiv Inc.

View original content to download multimedia: https://www.newswire.ca/en/releases/archive/May2023/11/c9376.html

News Provided by Canada Newswire via QuoteMedia

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	2Q 2023		Full Year 2023
Guidance Updates	Previous	Updated	Previous	Updated
Total Production (MBOE/d)	515 – 535	520 – 540	520 – 545	521 – 546
Oil & Condensate (Mbbls/d)	170 – 174	175 – 179	185 – 195	186 – 196
Capital Investment ($ Millions)	$590 – $630	$670 – $710	$2,600 – $2,900	$2,680 – $2,980

As at December 31, 2023	As previously reported $	Restatement Adjustment $	Restated Amount $

Accumulated other comprehensive loss	(12,964,837)	(1,058,352)	(14,023,189)
Accumulated deficit	(45,939,198)	1,058,352	(44,880,846)
Total stockholders' equity	22,212,572	-	22,212,572

For the year ended December 31, 2023	As previously reported $	Restatement Adjustment $	Restated Amount $

Foreign exchange gain (loss)	(10,990,604)	1,058,352	(9,932,252)
Total other income (expense)	4,239,593	1,058,352	5,297,945
Net income (loss) before taxes	758,132	1,058,352	1,816,484
Net loss	(1,102,194)	1,058,352	(43,842)

Other comprehensive loss Foreign currency translation	(8,954,840)	(1,058,352)	(10,013,192)
Comprehensive loss	(10,057,034)	-	(10,057,034)

Net income (loss) per share – Basic and diluted	(0.01)	0.01	(0.00)

Well	Oil - bbls/d	Gas - mmcf/d	Total - boe/d	% Light Oil
F5-19	1,061	3.2	1,595	67
G5-19	900	4.0	1,573	57
H5-19	1,007	4.2	1,703	59
Average	989	3.8	1,624	61

Liquids
Bbls	Barrels
Bbls/d	Barrels per day
NGLs	Natural gas liquids (includes condensate, pentane, butane, propane, and ethane)

Natural Gas
Mcf	Thousands of cubic feet
Mcf/d	Thousands of cubic feet per day
MMcf/d	Millions of cubic feet per day

Oil Equivalent
Boe	Barrels of oil equivalent
Boe/d	Barrels of oil equivalent per day

Palo Alto Networks Set to S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

Investor Insight

Overview

Company Highlights

Royalty Assets

1. SE Saskatchewan Light Oil Gross Overriding Royalties

2. Clearwater Heavy Oil Gross Overriding Royalty

3. Hamilton Lake Unit Viking Light Oil Royalty

4. Central Alberta and Saskatchewan Gross Overriding Royalties

Management Team

Brad Docherty – President, Chairman and Chief Executive Officer

Cheryne Lowe – Chief Financial Officer

John Bell – Director

Dean Potter – Director

Gary McMurren – Director

Shaun Thiessen – Director

Scott Rideout – Director

June-Marie Innes – Director

Jordan Kevol – Director

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