Market Impact: Positive. Production and cash flow for the quarter beat our estimates and consensus, while non-energy opex, even after normalizing for capitalization of turnaround costs (the first time these have been capitalized) was impressively low. The Company also initiated a review of deleveraging options during the quarter, with its ownership interest in the Access Pipeline specifically mentioned.
28 Jul 2015
2Q15 CFPS BEATS ON LOWER OPEX, DELEVERAGING REVIEW LAUNCHED
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2Q15 CFPS BEATS ON LOWER OPEX, DELEVERAGING REVIEW LAUNCHED
MEG Energy Corp. (MEG:TSE) | 0 0 (-0.9%) | Mkt Cap: 1,559m
- Published:
28 Jul 2015 -
Author:
Michael P. Dunn -
Pages:
3
Market Impact: Positive. Production and cash flow for the quarter beat our estimates and consensus, while non-energy opex, even after normalizing for capitalization of turnaround costs (the first time these have been capitalized) was impressively low. The Company also initiated a review of deleveraging options during the quarter, with its ownership interest in the Access Pipeline specifically mentioned.