Impact: Neutral. Although Leucrotta's conservative $20 mm capital spending plan for the balance of 2015e and into 1Q16e will see our production and cash flow estimates fall from current levels, we view this budget as prudent in light of a weakening commodity environment and further note ample working capital which the Company could use to accelerate development at its Montney and Stoddart properties should commodity pricing permit. Given Leucrotta's previously announced Montney disposition inclu ....
26 Aug 2015
LEUCROTTA EXPLORATION INC. (LXE) REPORTS 2Q15 FINANCIAL RESULTS, OUTLINES CONSERVATIVE CAPITAL SPENDING PLANS TO 1Q16E
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LEUCROTTA EXPLORATION INC. (LXE) REPORTS 2Q15 FINANCIAL RESULTS, OUTLINES CONSERVATIVE CAPITAL SPENDING PLANS TO 1Q16E
- Published:
26 Aug 2015 -
Author:
Michael Hearn -
Pages:
3
Impact: Neutral. Although Leucrotta's conservative $20 mm capital spending plan for the balance of 2015e and into 1Q16e will see our production and cash flow estimates fall from current levels, we view this budget as prudent in light of a weakening commodity environment and further note ample working capital which the Company could use to accelerate development at its Montney and Stoddart properties should commodity pricing permit. Given Leucrotta's previously announced Montney disposition inclu ....