Gear has revised its 2018e guidance to 7,350 boe/d on lower E&D capital investment of $50 mm, from 7,500 boe/d at $58 mm prior, principally deferring heavy oil growth initiatives within the context of wide differentials observed YTD on pipeline apportionments and relative lack of locomotive based egress. This should not be a surprise having previously alluded to this potentiality in our last Comment dated February 22, 2018.
22 Mar 2018
Revises 2018e outlook
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Revises 2018e outlook
Gear Energy Ltd. (GXE:TSE) | 0 0 0.0% | Mkt Cap: 154.0m
- Published:
22 Mar 2018 -
Author:
Robert Fitzmartyn -
Pages:
5
Gear has revised its 2018e guidance to 7,350 boe/d on lower E&D capital investment of $50 mm, from 7,500 boe/d at $58 mm prior, principally deferring heavy oil growth initiatives within the context of wide differentials observed YTD on pipeline apportionments and relative lack of locomotive based egress. This should not be a surprise having previously alluded to this potentiality in our last Comment dated February 22, 2018.