Market Impact: Neutral. Bankers previously reported 3Q15 production of 19,600 bbl/d and cash flow of US$42 mm beat our 3Q15 estimate of US$38 mm. Production in 4Q15 of 18,300 bbl/d is below our expectation of 19,100 bbl/d, due to short-term outages. However, exit 2015 production rates between 18,500 bbl/d and 19,000 bbl/d are in line with our expectations.
06 Nov 2015
BANKERS PETROLEUM LTD. (BNK) ANNOUNCED 3Q15 RESULTS AND 4Q15 OPERATIONAL UPDATE
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
BANKERS PETROLEUM LTD. (BNK) ANNOUNCED 3Q15 RESULTS AND 4Q15 OPERATIONAL UPDATE
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
06 Nov 2015 -
Author:
Darren B. Engels -
Pages:
3
Market Impact: Neutral. Bankers previously reported 3Q15 production of 19,600 bbl/d and cash flow of US$42 mm beat our 3Q15 estimate of US$38 mm. Production in 4Q15 of 18,300 bbl/d is below our expectation of 19,100 bbl/d, due to short-term outages. However, exit 2015 production rates between 18,500 bbl/d and 19,000 bbl/d are in line with our expectations.