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Companies >
Canada >
Oil & Gas - E&Ps >
PrairieSky Royalty >
Research >
2Q16 RESULTS

  • 25 Jul 2016

2Q16 RESULTS


PrairieSky Royalty | PSK | 0 0 0.0% | Mkt Cap: 6,860m


  • GMP FirstEnergy
    • Michael P. Dunn

    • 4 pages

Oil & Gas - E&Ps image


 
Oil & Gas - E&Ps image


Market Impact: Neutral. Funds flow of $0.19/share was slightly behind our $0.20/share estimate, which was also the survey median. Relative to our estimates, realized prices for natural gas were weaker than expected (actual $0.67/mcf, FirstEnergy $1.25/mcf), which more than offset higher than expected net production, which once again benefitted significantly from positive prior period adjustments.


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