Bonavista reported strong second quarter results with both production and cash fl ow coming in ahead of our estimates and the consensus estimates, as corporate netbacks continue to benefi t from the Company’s strides in improving its cost structure. The Company remained active on the A&D front with net proceeds received to the tune of $6 mm, primarily from swapping out 17 net sections of low working interest, non-operated Montney lands at Blueberry for 25 net operated sections in the Company’s A ....
31 Jul 2015
Bonavista Energy Reports Strong Second Quarter Results
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Bonavista Energy Reports Strong Second Quarter Results
Bonavista Energy (BNP:TSE) | 0 0 (-3.6%) | Mkt Cap: 351.8m
- Published:
31 Jul 2015 -
Author:
Michael Hearn -
Pages:
8
Bonavista reported strong second quarter results with both production and cash fl ow coming in ahead of our estimates and the consensus estimates, as corporate netbacks continue to benefi t from the Company’s strides in improving its cost structure. The Company remained active on the A&D front with net proceeds received to the tune of $6 mm, primarily from swapping out 17 net sections of low working interest, non-operated Montney lands at Blueberry for 25 net operated sections in the Company’s A ....