LXE reported average 3Q17 production of 3,123 boe/d (27% liquids). This was in line with pre-released volumes of ~3,000 boe/d and production volumes are up ~19% QoQ. Management continues to expect volumes to rise and forecasts 4Q17 average production of 3,600 boe/d (30% liquids) vs previous GMPFE forecasts at 3,369 boe/d (28% liquids) and the street at 3,280 boe/d. CFPS (f.d.) of $0.01/share was slightly ahead of our estimate of $0.00/share due to lower than forecasted operating and transport
29 Nov 2017
No surprises from 3Q17 results
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No surprises from 3Q17 results
- Published:
29 Nov 2017 -
Author:
Stacey E. McDonald -
Pages:
6
LXE reported average 3Q17 production of 3,123 boe/d (27% liquids). This was in line with pre-released volumes of ~3,000 boe/d and production volumes are up ~19% QoQ. Management continues to expect volumes to rise and forecasts 4Q17 average production of 3,600 boe/d (30% liquids) vs previous GMPFE forecasts at 3,369 boe/d (28% liquids) and the street at 3,280 boe/d. CFPS (f.d.) of $0.01/share was slightly ahead of our estimate of $0.00/share due to lower than forecasted operating and transport