Production guidance of 86-90 mboe/d was slightly weaker than expected. Our ‘18e production estimate is down 4% to 89 mboe/d. However guidance for costs and diffs was better than we expected. Our ‘18e CFPS estimate is essentially unchanged, while our ‘19e CFPS estimate is down 1%. No change to our $17.00 TP and BUY rating.
14 Dec 2017
ERF 2018 guidance
