Impact: Positive. Spartan's 3Q15 financial results were in-line with our thinking on all key measures. Additionally, the Company has elected to protect its pristine balance sheet in this depressed commodity environment by deferring ~15% of its previously planned capital expenditures with no corresponding reduction to its annual corporate production guidance of 8,700 boe/d or exit target of 9,100 boe/d.
12 Nov 2015
SPARTAN ENERGY CORPORATION (SPE) REPORTS 3Q15 FINANCIAL RESULTS IN-LINE, REDUCES 2015E CAPITAL BUDGET BY 15% WHILE MAINTAINING PRODUCTION GUIDANCE
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SPARTAN ENERGY CORPORATION (SPE) REPORTS 3Q15 FINANCIAL RESULTS IN-LINE, REDUCES 2015E CAPITAL BUDGET BY 15% WHILE MAINTAINING PRODUCTION GUIDANCE
- Published:
12 Nov 2015 -
Author:
Cody R. Kwong - Pages:
Impact: Positive. Spartan's 3Q15 financial results were in-line with our thinking on all key measures. Additionally, the Company has elected to protect its pristine balance sheet in this depressed commodity environment by deferring ~15% of its previously planned capital expenditures with no corresponding reduction to its annual corporate production guidance of 8,700 boe/d or exit target of 9,100 boe/d.