Paramount reported 2Q19 results which were a mixed bag, as inline production of 81,793 boe/d was offset by a minor funds flow miss (POU $54.2 mm vs. consensus $59.0 mm) and a modest capital overspend, as a $100 mm program topped the street at $90 mm. 2019e guidance has been reaffirmed, with the company continuing to envision full year volumes of 81,000-85,000 boe/d, on base capital investment of $350 mm. Note, this is inclusive of a significant 4Q19 volume ramp, with the company currently gui
09 Aug 2019
Wapiti ramp-up underway, higher than expected liquids seen in early days
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Wapiti ramp-up underway, higher than expected liquids seen in early days
Paramount Resources Ltd. Class A (POU:TSE) | 0 0 -0.2% | Mkt Cap: 2,314m
- Published:
09 Aug 2019 -
Author:
Cody R. Kwong -
Pages:
7
Paramount reported 2Q19 results which were a mixed bag, as inline production of 81,793 boe/d was offset by a minor funds flow miss (POU $54.2 mm vs. consensus $59.0 mm) and a modest capital overspend, as a $100 mm program topped the street at $90 mm. 2019e guidance has been reaffirmed, with the company continuing to envision full year volumes of 81,000-85,000 boe/d, on base capital investment of $350 mm. Note, this is inclusive of a significant 4Q19 volume ramp, with the company currently gui