Spartan reported its 1Q15 financial results featuring production, capital spending and cash flow that were generally consistent with our
thinking. As a result, the Company’s balance sheet remains one of the strongest of its oil weighted peers exiting the period with net debt
reflective of 0.4x its $250 mm line of credit or 1.8x trailing cash flow (1.3x forward strip).
15 May 2015
Spartan Energy Announces First Quarter Financial and Operating Results In-Line with Estimates
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Spartan Energy Announces First Quarter Financial and Operating Results In-Line with Estimates
- Published:
15 May 2015 -
Author:
Cody R. Kwong -
Pages:
8
Spartan reported its 1Q15 financial results featuring production, capital spending and cash flow that were generally consistent with our
thinking. As a result, the Company’s balance sheet remains one of the strongest of its oil weighted peers exiting the period with net debt
reflective of 0.4x its $250 mm line of credit or 1.8x trailing cash flow (1.3x forward strip).