Seven Generations has reported 2Q15 results that were in line on production basis while normalized cash fl ow exceeded our forecast by 5% as higher than anticipated condensate volumes more than off set soft product pricing. Corresponding capital expenditures were higher than anticipated given a number of accelerated projects completed in the period; however, the Company has maintained both its full year budget
of $1.3-$1.35 billion and production guidance for between 55,000-60,000 boe/d.
11 Aug 2015
Seven Generations Reports 2Q15 Financial Results Ahead of Expectations
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Seven Generations Reports 2Q15 Financial Results Ahead of Expectations
- Published:
11 Aug 2015 -
Author:
Cody R. Kwong -
Pages:
9
Seven Generations has reported 2Q15 results that were in line on production basis while normalized cash fl ow exceeded our forecast by 5% as higher than anticipated condensate volumes more than off set soft product pricing. Corresponding capital expenditures were higher than anticipated given a number of accelerated projects completed in the period; however, the Company has maintained both its full year budget
of $1.3-$1.35 billion and production guidance for between 55,000-60,000 boe/d.