1Q18 production of 13,051 boe/d was in line with GMP FE estimate of 13,083 boe/d and consensus of 13,093 boe/d. CFPS (f.d.) of $0.84/shr during the quarter was slightly behind our estimate of $0.88/shr and consensus of $0.89/shr. The company spent $36.2mm on E&D in 1Q18 (GMPFE at $30mm), which included drilling 15 (14.9 net) wells. BNE’s capital program was front-end loaded with capital in 1Q18 totalling ~50% of planned 2018e expenditures. Management noted that April volumes average
09 May 2018
1Q18 results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
1Q18 results
Bonterra Energy Corp. (BNE:TSE) | 0 0 1.5% | Mkt Cap: 460.0m
- Published:
09 May 2018 -
Author:
Stacey E. McDonald -
Pages:
6
1Q18 production of 13,051 boe/d was in line with GMP FE estimate of 13,083 boe/d and consensus of 13,093 boe/d. CFPS (f.d.) of $0.84/shr during the quarter was slightly behind our estimate of $0.88/shr and consensus of $0.89/shr. The company spent $36.2mm on E&D in 1Q18 (GMPFE at $30mm), which included drilling 15 (14.9 net) wells. BNE’s capital program was front-end loaded with capital in 1Q18 totalling ~50% of planned 2018e expenditures. Management noted that April volumes average