Pengrowth announced its third quarter results with production that was in line with both our thinking and the consensus, while cash flow came in slightly ahead of our estimate and the consensus estimate. The Company’s Lindbergh project continues to ramp up as expected with no change to the anticipated exit rate of ~16,000 bbl/d, while total corporate guidance is also unchanged calling for a capital program of $190-$200 mm and average annual production of 70,000-72,000 boe/d.
04 Nov 2015
Pengrowth Energy Third Quarter Results Largely As Expected
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Pengrowth Energy Third Quarter Results Largely As Expected
Pengrowth Energy (PGF:TSE) | 0 0 -3.2% | Mkt Cap: 508.1m
- Published:
04 Nov 2015 -
Author:
Michael Hearn -
Pages:
7
Pengrowth announced its third quarter results with production that was in line with both our thinking and the consensus, while cash flow came in slightly ahead of our estimate and the consensus estimate. The Company’s Lindbergh project continues to ramp up as expected with no change to the anticipated exit rate of ~16,000 bbl/d, while total corporate guidance is also unchanged calling for a capital program of $190-$200 mm and average annual production of 70,000-72,000 boe/d.