Lightstream reported second quarter results that were in line with our thinking, including production of 31,966 boe/d (72% oil and liquids)
and cash flow of $67.0 mm or $0.34 per share. Management has maintained both its full year E&D spending and production guidance of $100 - $120 mm and 30,000 - 32,500 boe/d (73% oil and liquids), respectively, though we note guidance is now carrying a slightly higher natural gas bias of 27% versus 26% previously.
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Lightstream Resources Ltd. (LTS) Announces 2Q15 Results
- Published:
07 Aug 2015 -
Author:
Cody R. Kwong -
Pages:
7
Lightstream reported second quarter results that were in line with our thinking, including production of 31,966 boe/d (72% oil and liquids)
and cash flow of $67.0 mm or $0.34 per share. Management has maintained both its full year E&D spending and production guidance of $100 - $120 mm and 30,000 - 32,500 boe/d (73% oil and liquids), respectively, though we note guidance is now carrying a slightly higher natural gas bias of 27% versus 26% previously.