The Company posted strong first quarter results with both production and cash flow coming in ahead of FirstEnergy and consensus estimates, and ideally through less spending than anticipated. With spring break-up field conditions being better than expected so far this year and ~66% of its 2016e capital budget still remaining we believe this is setting up for future upward revisions to its guidance, particularly with continued strength in the crude oil quote.
12 May 2016
ANNOUNCES Q1 2016 RESULTS AND RECORD PRODUCTION
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ANNOUNCES Q1 2016 RESULTS AND RECORD PRODUCTION
Crescent Point Energy Corp. (0UR7:LON) | 0 0 (-1.0%) | Mkt Cap: 4,825m
- Published:
12 May 2016 -
Author:
Cody R. Kwong -
Pages:
3
The Company posted strong first quarter results with both production and cash flow coming in ahead of FirstEnergy and consensus estimates, and ideally through less spending than anticipated. With spring break-up field conditions being better than expected so far this year and ~66% of its 2016e capital budget still remaining we believe this is setting up for future upward revisions to its guidance, particularly with continued strength in the crude oil quote.