With Lightstream’s 4Q15 production figure previously disseminated in the mid- February reserve and budget update (Facts dated February 12, 2016), the focus of this release was cash flow that was 8% shy of expectations. Between $16 mm of anticipated spending earmarked for 1H16e, and negative cash flow in the range of $20 mm over this period, we forecast net debt moving dangerously higher. In the context of its normal course spring bank line review, we suspect the Company’s excess financial liqui ....
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Reports Year-End 2015 Operational and Financial Results
- Published:
07 Mar 2016 -
Author:
Cody R. Kwong -
Pages:
6
With Lightstream’s 4Q15 production figure previously disseminated in the mid- February reserve and budget update (Facts dated February 12, 2016), the focus of this release was cash flow that was 8% shy of expectations. Between $16 mm of anticipated spending earmarked for 1H16e, and negative cash flow in the range of $20 mm over this period, we forecast net debt moving dangerously higher. In the context of its normal course spring bank line review, we suspect the Company’s excess financial liqui ....