Impact: Neutral to slightly positive. Seven Generations increased borrowing capacity of $1.1 billion, in addition to an estimated $600 mm working capital following the Kakwa acquisition, provides available funding far in excess of the Company's 2H16e capital plans as well as our current 2017e outlook, giving the Company flexibility over the balance of this year to potentially increase capital investment and deliver production growth above our forecast.
18 Aug 2016
CLOSES ACQUISITION OF KAKWA MONTNEY NEST ASSETS, ANNOUNCES INCREASE TO CREDIT FACILITY
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
CLOSES ACQUISITION OF KAKWA MONTNEY NEST ASSETS, ANNOUNCES INCREASE TO CREDIT FACILITY
- Published:
18 Aug 2016 -
Author:
Cody R. Kwong -
Pages:
2
Impact: Neutral to slightly positive. Seven Generations increased borrowing capacity of $1.1 billion, in addition to an estimated $600 mm working capital following the Kakwa acquisition, provides available funding far in excess of the Company's 2H16e capital plans as well as our current 2017e outlook, giving the Company flexibility over the balance of this year to potentially increase capital investment and deliver production growth above our forecast.