Operational updates generally met expectations, with Duvernay well results meeting type curve expectations. At Hangingstone, fi rst oil was achieved, in line with our expectations and guidance. Quarterly results met or exceeded our expectations and consensus. With little to suggest much change to our estimates and the stock trading around the $1.50/share level, we continue to assign an Outperform ranking and $3.00/share target price. The next couple of quarters will be busier, with more data poi ....
06 Aug 2015
2Q15 Results, Hangingstone First Oil and Duvernay Update
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2Q15 Results, Hangingstone First Oil and Duvernay Update
Athabasca Oil Corporation (ATH:TSE) | 0 0 -2.8% | Mkt Cap: 535.3m
- Published:
06 Aug 2015 -
Author:
Michael P. Dunn -
Pages:
7
Operational updates generally met expectations, with Duvernay well results meeting type curve expectations. At Hangingstone, fi rst oil was achieved, in line with our expectations and guidance. Quarterly results met or exceeded our expectations and consensus. With little to suggest much change to our estimates and the stock trading around the $1.50/share level, we continue to assign an Outperform ranking and $3.00/share target price. The next couple of quarters will be busier, with more data poi ....