Impact: Neutral to Slightly Positive as despite lower production during the quarter from third party restrictions, cash flow was in line with our estimate and the consensus estimate, while an improving outlook for crude oil prices has prompted the Company to complete its inventory of pre-drilled wells towards the end of 2Q15, which should lead to stronger production volumes in the back half of the year.

13 May 2015
BONTERRA ENERGY CORP. (BNE) ANNOUNCES FIRST QUARTER 2015 RESULTS

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BONTERRA ENERGY CORP. (BNE) ANNOUNCES FIRST QUARTER 2015 RESULTS
Bonterra Energy Corp. (BNE:TSE) | 0 0 1.5% | Mkt Cap: 460.0m
- Published:
13 May 2015 -
Author:
Michael Hearn -
Pages:
3 -
Impact: Neutral to Slightly Positive as despite lower production during the quarter from third party restrictions, cash flow was in line with our estimate and the consensus estimate, while an improving outlook for crude oil prices has prompted the Company to complete its inventory of pre-drilled wells towards the end of 2Q15, which should lead to stronger production volumes in the back half of the year.