Impact - positive with 2015e production in line with expectations on lower capital expenditures and operating costs with the Company prudently reining it is 2016e capital budget further in light of current commodity prices. While reserves were down year over year, the Company put forth another solid year of reserve metrics with the reserve evaluation continuing to be supportive of a stock price above current trading levels.
28 Jan 2016
BONAVISTA ENERGY CORPORATION (BNP) REPORTS 2015 YEAR-END RESERVES, REDUCES 2016E CAPITAL SPENDING AND PRODUCTION GUIDANCE
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
BONAVISTA ENERGY CORPORATION (BNP) REPORTS 2015 YEAR-END RESERVES, REDUCES 2016E CAPITAL SPENDING AND PRODUCTION GUIDANCE
Bonavista Energy (BNP:TSE) | 0 0 (-3.6%) | Mkt Cap: 351.8m
- Published:
28 Jan 2016 -
Author:
Michael Hearn -
Pages:
3
Impact - positive with 2015e production in line with expectations on lower capital expenditures and operating costs with the Company prudently reining it is 2016e capital budget further in light of current commodity prices. While reserves were down year over year, the Company put forth another solid year of reserve metrics with the reserve evaluation continuing to be supportive of a stock price above current trading levels.