Market Impact: Should be positive. MEG reduced its 2016e capex budget by 50%, while 2015e capex also came in below expectations. 4Q15 CFPS of -$0.20/share was better than our -$0.24/share forecast (price realizations, operating costs, and volumes) but slightly behind the survey average of -$0.18/share.
04 Feb 2016
4Q15 ANALYSIS, 2016E BUDGET REDUCED
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4Q15 ANALYSIS, 2016E BUDGET REDUCED
MEG Energy Corp. (MEG:TSE) | 0 0 (-0.9%) | Mkt Cap: 1,559m
- Published:
04 Feb 2016 -
Author:
Michael P. Dunn -
Pages:
3
Market Impact: Should be positive. MEG reduced its 2016e capex budget by 50%, while 2015e capex also came in below expectations. 4Q15 CFPS of -$0.20/share was better than our -$0.24/share forecast (price realizations, operating costs, and volumes) but slightly behind the survey average of -$0.18/share.