Delphi reported its year-end reserve book along with select fourth quarter estimates with year-end production, spending, and net debt all in line with our estimates. Year-end reserves came in largely as expected reflecting the disposition of the Company’s Hythe and Wapiti assets along with some minor negative technical revisions to natural gas reserves. Apart from updating our NAV methodology for the latest reserves, we have made no other changes to our forecast and thus maintain our Outperform ....
03 Mar 2016
Reports 2015 Year-End Reserves
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Reports 2015 Year-End Reserves
Delphi Energy (DEE:TSE) | 0 0 -1.1% | Mkt Cap: 167.0m
- Published:
03 Mar 2016 -
Author:
Michael Hearn -
Pages:
7
Delphi reported its year-end reserve book along with select fourth quarter estimates with year-end production, spending, and net debt all in line with our estimates. Year-end reserves came in largely as expected reflecting the disposition of the Company’s Hythe and Wapiti assets along with some minor negative technical revisions to natural gas reserves. Apart from updating our NAV methodology for the latest reserves, we have made no other changes to our forecast and thus maintain our Outperform ....