As a result of the asset sale, projected 2016e net debt falls 14%, while we also see a marked improvement in the Company’s debt metrics. Despite the sale, the Company’s cash use to cash flow ratio remains relatively unchanged at well over 100% on current strip pricing. Updated guidance is anticipated to be released on or before the release of 2015 year-end results on February 19, 2016, at which point we would not be surprised to see a reduction to capital expenditures and/or the dividend in res ....
