Crew reported second quarter financial and operating results that were ahead of our expectations on both a production and cash flow basis. We have adjusted our production forecast to account for 1-week of downtime on the Alliance pipeline system scheduled for October. Lower costs achieved in the quarter are expected to remain relatively sticky and so we have also adjusted our inputs for lower operating, transportation, G&A and royalties. With a catalyst rich 2H16e ahead and cash flow risi
08 Aug 2016
2Q16 Results, Catalyst Rich 2H16 Ahead
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
2Q16 Results, Catalyst Rich 2H16 Ahead
Crew Energy Inc. (CR:TSE) | 0 0 -0.6% | Mkt Cap: 265.8m
- Published:
08 Aug 2016 -
Author:
Robert Fitzmartyn -
Pages:
7
Crew reported second quarter financial and operating results that were ahead of our expectations on both a production and cash flow basis. We have adjusted our production forecast to account for 1-week of downtime on the Alliance pipeline system scheduled for October. Lower costs achieved in the quarter are expected to remain relatively sticky and so we have also adjusted our inputs for lower operating, transportation, G&A and royalties. With a catalyst rich 2H16e ahead and cash flow risi