Surge has increased its 2016e exit production target to 13,500 boe/d in concert with its 2016e budget moving to $66 mm ($55 mm previously). Preliminary plans for 2017e include an $85 mm capital program that is expected to generate average volumes of 13,650 boe/d with an exit rate of 14,100 boe/d, outlining a “return to growth” strategy. With our 2017e volumes and liquids weighting on the rise, paired with cash costs coming down, our cash flow outlook increases 24% alongside an imp
07 Sep 2016
Surge Increases 2016e Guidance, Provides Preliminary Glimpse into 2017e
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Surge Increases 2016e Guidance, Provides Preliminary Glimpse into 2017e
Surge Energy Inc. (SGY:TSE) | 0 0 -0.5% | Mkt Cap: 433.4m
- Published:
07 Sep 2016 -
Author:
Cody R. Kwong -
Pages:
6
Surge has increased its 2016e exit production target to 13,500 boe/d in concert with its 2016e budget moving to $66 mm ($55 mm previously). Preliminary plans for 2017e include an $85 mm capital program that is expected to generate average volumes of 13,650 boe/d with an exit rate of 14,100 boe/d, outlining a “return to growth” strategy. With our 2017e volumes and liquids weighting on the rise, paired with cash costs coming down, our cash flow outlook increases 24% alongside an imp