Disappointing 2Q16 volumes and higher than expected cash costs led to cash flow that was surprisingly negative during the quarter, missing both FirstEnergy and consensus expectations. With the one-time operating items in 2Q16 and Musreau commitments expected to be out of the way when the Musreau sale is successfully closed around August 18th, our forward outlook is little changed. Updating our RENAV methodology for the proforma entity leads us to an increased value which is the principal driv
09 Aug 2016
2Q16 Results Miss Expectations, Proforma Outlook Virtually Unaffected
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2Q16 Results Miss Expectations, Proforma Outlook Virtually Unaffected
Paramount Resources Ltd. Class A (POU:TSE) | 0 0 -0.2% | Mkt Cap: 2,314m
- Published:
09 Aug 2016 -
Author:
Cody R. Kwong -
Pages:
9
Disappointing 2Q16 volumes and higher than expected cash costs led to cash flow that was surprisingly negative during the quarter, missing both FirstEnergy and consensus expectations. With the one-time operating items in 2Q16 and Musreau commitments expected to be out of the way when the Musreau sale is successfully closed around August 18th, our forward outlook is little changed. Updating our RENAV methodology for the proforma entity leads us to an increased value which is the principal driv