BlackPearl announced first quarter financial and operating results that modestly trailed our outlook and consensus, though view this as nonevent in light of dynamicism in the heavy differential quote and completion of its Onion Lake Phase II construction effort. Onion Lake Phase II is on stream and turned over to first oil. There are no changes to its 2018e production or capex outlook. Our 2018e and 2019e CFPS outlook is down 5% largely driven by updating its hedge book in our estimates. Alig
03 May 2018
Reports 1Q18 results, Onion Lake Phase II turned over to first oil
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Reports 1Q18 results, Onion Lake Phase II turned over to first oil
BlackPearl Resources (PXX:TSE) | 0 0 -1.7% | Mkt Cap: 380.0m
- Published:
03 May 2018 -
Author:
Robert Fitzmartyn -
Pages:
6
BlackPearl announced first quarter financial and operating results that modestly trailed our outlook and consensus, though view this as nonevent in light of dynamicism in the heavy differential quote and completion of its Onion Lake Phase II construction effort. Onion Lake Phase II is on stream and turned over to first oil. There are no changes to its 2018e production or capex outlook. Our 2018e and 2019e CFPS outlook is down 5% largely driven by updating its hedge book in our estimates. Alig