In 3Q18, Kelt reported CFPS of $0.25/sh below both our estimate of $0.28/sh and consensus estimate of $0.27/sh on lower than anticipated oil/liquids volumes. Additionally, the company provided revised guidance for 2018e and preliminary guidance for 2019e that, given its previously discussed resequencing of capital spending, effectively results in a shift of capital spending into 2018e and modest reduction to our oil/liquids forecasts, although aggregate corporate volumes are little changed. A
12 Nov 2018
Reports 3Q18, provides preliminary 2019e guidance
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Reports 3Q18, provides preliminary 2019e guidance
Kelt Exploration Ltd. (KEL:TSE) | 0 0 -0.4% | Mkt Cap: 1,279m
- Published:
12 Nov 2018 -
Author:
Robert Fitzmartyn -
Pages:
8
In 3Q18, Kelt reported CFPS of $0.25/sh below both our estimate of $0.28/sh and consensus estimate of $0.27/sh on lower than anticipated oil/liquids volumes. Additionally, the company provided revised guidance for 2018e and preliminary guidance for 2019e that, given its previously discussed resequencing of capital spending, effectively results in a shift of capital spending into 2018e and modest reduction to our oil/liquids forecasts, although aggregate corporate volumes are little changed. A