MEG’s $328 mm 2016 capex budget was slightly higher than our forecast, but is being partially funded by a $110 mm non-core asset sale
(we suspect either Imperial/Exxon or CNRL was the buyer). We have set our 2016e production and non-energy opex estimates at the best end of the guidance ranges (83.0 mbbl/d and $6.75/bbl respectively), resulting in a 2% reduction to our 2016e EBITDAX forecast. Our 2016e cash flow estimate is down 8% as we are assuming a larger portion of interest costs are expen ....
07 Dec 2015
2016 Budget
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2016 Budget
MEG Energy Corp. (MEG:TSE) | 0 0 (-0.9%) | Mkt Cap: 1,559m
- Published:
07 Dec 2015 -
Author:
Michael P. Dunn -
Pages:
7
MEG’s $328 mm 2016 capex budget was slightly higher than our forecast, but is being partially funded by a $110 mm non-core asset sale
(we suspect either Imperial/Exxon or CNRL was the buyer). We have set our 2016e production and non-energy opex estimates at the best end of the guidance ranges (83.0 mbbl/d and $6.75/bbl respectively), resulting in a 2% reduction to our 2016e EBITDAX forecast. Our 2016e cash flow estimate is down 8% as we are assuming a larger portion of interest costs are expen ....