Neutral to slightly positive with production ~5% ahead of expectations (on higher capital spending) while cash flow overlaid our estimates. Higher 1Q16 production and mild spring break-up conditions could have positive implications for estimates for 2Q16e and beyond.
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SPARTAN Q1 RESULTS IN LINE TO SLIGHTLY BETTER THAN EXPECTATIONS
- Published:
11 May 2016 -
Author:
Cody R. Kwong -
Pages:
2
Neutral to slightly positive with production ~5% ahead of expectations (on higher capital spending) while cash flow overlaid our estimates. Higher 1Q16 production and mild spring break-up conditions could have positive implications for estimates for 2Q16e and beyond.