Tamarack Valley reported production of 20,541 boe/d for 3Q17, in line with consensus expectations; however, a busy third quarter has boosted volumes to 22,000 boe/d, framing the early achievement of 2017e exit guidance. Cash flow of $34.8 mm or $0.15/sh topped our outlook of $0.13/sh, but remained in line with consensus expectations. With forecasted cash flow on the rise, management is accelerating a fraction of its 2018e capital program into 2017e, with increased guidance ranging from
08 Nov 2017
Volumes hit 2017 exit guidance, capital acceleration on tap with continued success
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Volumes hit 2017 exit guidance, capital acceleration on tap with continued success
Tamarack Valley Energy Ltd. (TVE:TSE) | 0 0 3.2% | Mkt Cap: 589.5m
- Published:
08 Nov 2017 -
Author:
Cody R. Kwong -
Pages:
8
Tamarack Valley reported production of 20,541 boe/d for 3Q17, in line with consensus expectations; however, a busy third quarter has boosted volumes to 22,000 boe/d, framing the early achievement of 2017e exit guidance. Cash flow of $34.8 mm or $0.15/sh topped our outlook of $0.13/sh, but remained in line with consensus expectations. With forecasted cash flow on the rise, management is accelerating a fraction of its 2018e capital program into 2017e, with increased guidance ranging from