RMP has announced its 1H16e guidance including a capital budget of $30 mm, expected to be funded through internally generated cash flow, and result in corresponding production volumes of 10,500-11,000 boe/d, which was behind our prior forecast. Incorporating RMP’s 1H16e outlook into our estimates and reducing capital spending for 2016e to $60 mm (to be within cash flow at current strip pricing), we observe a 16% reduction to corresponding production volumes to 10,650 boe/d, although net debt exi ....
18 Dec 2015
RMP Provides 1H16e Capital Budget, Highlights New Strategic Acreage Positions in the Montney and Duvernay
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RMP Provides 1H16e Capital Budget, Highlights New Strategic Acreage Positions in the Montney and Duvernay
RMP has announced its 1H16e guidance including a capital budget of $30 mm, expected to be funded through internally generated cash flow, and result in corresponding production volumes of 10,500-11,000 boe/d, which was behind our prior forecast. Incorporating RMP’s 1H16e outlook into our estimates and reducing capital spending for 2016e to $60 mm (to be within cash flow at current strip pricing), we observe a 16% reduction to corresponding production volumes to 10,650 boe/d, although net debt exi ....