Pine Cliff reported 3Q19 results headlined by volumes of 19,033 boe/d, slightly below GMPFE’s forecast of 19,762 boe/d, as voluntary price related shut-ins took hold. 2019e production guidance was modestly revised to within the range of 19,000-19,250 boe/d, from 19,250-19,750 boe/d previously. 3Q19 AFFO was reported to be -$3.9 mm (-$0.01/sh), which was better than our call of -$5.2 mm (-$0.02/sh), in a quarter where average AECO 5A gas prices was a mere $0.90/mcf. Capital spend
06 Nov 2019
3Q19 results were challenging but in line, 2x Pekisko oil wells on the docket for 4Q19e
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3Q19 results were challenging but in line, 2x Pekisko oil wells on the docket for 4Q19e
Pine Cliff Energy Ltd. (PNE:TSE) | 0 0 0.0% | Mkt Cap: 92.1m
- Published:
06 Nov 2019 -
Author:
Cody R. Kwong -
Pages:
6
Pine Cliff reported 3Q19 results headlined by volumes of 19,033 boe/d, slightly below GMPFE’s forecast of 19,762 boe/d, as voluntary price related shut-ins took hold. 2019e production guidance was modestly revised to within the range of 19,000-19,250 boe/d, from 19,250-19,750 boe/d previously. 3Q19 AFFO was reported to be -$3.9 mm (-$0.01/sh), which was better than our call of -$5.2 mm (-$0.02/sh), in a quarter where average AECO 5A gas prices was a mere $0.90/mcf. Capital spend