Neutral to slightly negative. Storm posted quarterly volumes slightly behind our forecast while cash flow came in 7% higher on lower cash costs and better realized pricing. As previously communicated to the market in terms of potential future moves, Management has elected to reduce 2016 capital and production volumes in light of an ongoing weak natural gas tape. While our near-term estimates will be moving lower, a minimalist capital program that includes the deferral of the 3rd Umbach facility ....
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1Q16 FINANCIAL AND OPERATING RESULTS
- Published:
12 May 2016 -
Author:
Robert Fitzmartyn -
Pages:
5
Neutral to slightly negative. Storm posted quarterly volumes slightly behind our forecast while cash flow came in 7% higher on lower cash costs and better realized pricing. As previously communicated to the market in terms of potential future moves, Management has elected to reduce 2016 capital and production volumes in light of an ongoing weak natural gas tape. While our near-term estimates will be moving lower, a minimalist capital program that includes the deferral of the 3rd Umbach facility ....