Kelt reported third quarter financial and operating results below expectations with AFFO below market expectations with CFPS $0.21 vs. GMPFE $0.24 vs. consensus $0.26). Near term market growth estimates will be coming down given delays at Wembley/Pipestone. We have walked down 4Q19e from our prior view of ~34,275 boe/d which was already well below the street at ~39,500 boe/d which is untenable from here. We have revised our forecast upwards to capture a more ambitious capital investment profi
08 Nov 2019
Reports 3Q19 results, firms up 2020e outlook
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Reports 3Q19 results, firms up 2020e outlook
Kelt Exploration Ltd. (KEL:TSE) | 0 0 -0.4% | Mkt Cap: 1,279m
- Published:
08 Nov 2019 -
Author:
Robert Fitzmartyn -
Pages:
8
Kelt reported third quarter financial and operating results below expectations with AFFO below market expectations with CFPS $0.21 vs. GMPFE $0.24 vs. consensus $0.26). Near term market growth estimates will be coming down given delays at Wembley/Pipestone. We have walked down 4Q19e from our prior view of ~34,275 boe/d which was already well below the street at ~39,500 boe/d which is untenable from here. We have revised our forecast upwards to capture a more ambitious capital investment profi