Bankers’ 2016 capital program of US$65 mm is less than our anticipated US$90 mm, which results in our 2016 production forecast decreasing 9% to 16,700 bbl/d, while our cash flow estimate decreased 5% to US$87 mm (US$0.33 per share). While our production and financial results have decreased, we believe that Bankers has undertaken the prudent move to limit capital activity to protect the balance sheet in the low crude oil price environment.
16 Dec 2015
Announces 2016 Capital Program and Production Guidance
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Announces 2016 Capital Program and Production Guidance
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
16 Dec 2015 -
Author:
Darren B. Engels -
Pages:
8
Bankers’ 2016 capital program of US$65 mm is less than our anticipated US$90 mm, which results in our 2016 production forecast decreasing 9% to 16,700 bbl/d, while our cash flow estimate decreased 5% to US$87 mm (US$0.33 per share). While our production and financial results have decreased, we believe that Bankers has undertaken the prudent move to limit capital activity to protect the balance sheet in the low crude oil price environment.