Management reported annual production of 22,200 boe/d, which is largely in line with our estimates of 22,125 boe/d and represents y/y PPS growth of 17%. This results in 4Q17 production of 22,636 boe/d, which is relatively flat QoQ but slightly ahead of our estimates of 22,340 boe/d. The company reported quarterly adjusted funds flow from operations of $65 mm ($0.35/sh dil), which was significantly ahead of our estimates of $57 mm ($0.31/sh dil) and consensus at ~$0.31/share. We don’t ha
21 Feb 2018
2017YE results and reserves
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2017YE results and reserves
- Published:
21 Feb 2018 -
Author:
Stacey E. McDonald -
Pages:
8
Management reported annual production of 22,200 boe/d, which is largely in line with our estimates of 22,125 boe/d and represents y/y PPS growth of 17%. This results in 4Q17 production of 22,636 boe/d, which is relatively flat QoQ but slightly ahead of our estimates of 22,340 boe/d. The company reported quarterly adjusted funds flow from operations of $65 mm ($0.35/sh dil), which was significantly ahead of our estimates of $57 mm ($0.31/sh dil) and consensus at ~$0.31/share. We don’t ha