4Q17 production volumes of 37,435 boe/d and cash flow of ~$76 mm, or $0.44/sh, were confirmed with the arrival of its year-end audited financials, after previously being disseminated alongside our comment dated February 14, 2018. Subsequent to the quarter, NuVista issued $220 mm in senior unsecured notes at a coupon of 6.5%. Net proceeds were used to redeem an older, ~$70 mm senior unsecured note (coupon at 9.875%). Management’s updated cash flow guidance now includes a one-time charge
12 Mar 2018
Confirmation of solid results in 4Q17 with audited year-end financials
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Confirmation of solid results in 4Q17 with audited year-end financials
NuVista Energy Ltd. (NVA:TSE) | 0 0 -0.5% | Mkt Cap: 1,392m
- Published:
12 Mar 2018 -
Author:
Cody R. Kwong -
Pages:
7
4Q17 production volumes of 37,435 boe/d and cash flow of ~$76 mm, or $0.44/sh, were confirmed with the arrival of its year-end audited financials, after previously being disseminated alongside our comment dated February 14, 2018. Subsequent to the quarter, NuVista issued $220 mm in senior unsecured notes at a coupon of 6.5%. Net proceeds were used to redeem an older, ~$70 mm senior unsecured note (coupon at 9.875%). Management’s updated cash flow guidance now includes a one-time charge