After substantially increasing our MEG estimates for 2Q15e earlier in the week, we have reduced our CFPS estimates as we believe we had been referencing the wrong heavy oil price posting in deriving our revenue forecasts, and were likely underestimating the cost of delivering diluent to Christina Lake. Our CFPS estimate for 2Q15e is now $0.28/share (dil.), down from our $0.52/share mid-week estimate, but is still a substantial increase from the $0.00/share estimate we were carrying the week prio ....
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ADDITIONAL ESTIMATE REVISIONS
- Published:
26 Jun 2015 -
Author:
Michael P. Dunn -
Pages:
2 -
After substantially increasing our MEG estimates for 2Q15e earlier in the week, we have reduced our CFPS estimates as we believe we had been referencing the wrong heavy oil price posting in deriving our revenue forecasts, and were likely underestimating the cost of delivering diluent to Christina Lake. Our CFPS estimate for 2Q15e is now $0.28/share (dil.), down from our $0.52/share mid-week estimate, but is still a substantial increase from the $0.00/share estimate we were carrying the week prio ....