NuVista has gravitated to the low end of prior 2019e guidance, where they will now spend between $300-$325 mm (previously $300-$400 mm) to post average volumes of 51,000 – 54,000 boe/d (formerly 52,000-56,000 boe/d), which still offers 10% PPS growth over 2018e. Planned outages at various non-operated facilities and pipelines will have 1Q19 volumes in the 43,000-46,000 boe/d range before jumping to well beyond 50,000 boe/d for the remainder of the year.
07 Feb 2019
Refining 2019 guidance to maintain flexibility in face of elevated commodity price volatility
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Refining 2019 guidance to maintain flexibility in face of elevated commodity price volatility
NuVista Energy Ltd. (NVA:TSE) | 0 0 -0.5% | Mkt Cap: 1,392m
- Published:
07 Feb 2019 -
Author:
Cody R. Kwong -
Pages:
7
NuVista has gravitated to the low end of prior 2019e guidance, where they will now spend between $300-$325 mm (previously $300-$400 mm) to post average volumes of 51,000 – 54,000 boe/d (formerly 52,000-56,000 boe/d), which still offers 10% PPS growth over 2018e. Planned outages at various non-operated facilities and pipelines will have 1Q19 volumes in the 43,000-46,000 boe/d range before jumping to well beyond 50,000 boe/d for the remainder of the year.