Based on improved capital efficiencies expected in the current environment ($22,000 per flowing boe), TORC’s formal 2016e capital budget of $90 mm is expected to keep volumes flat at 18,200 boe/d. With lower than anticipated maintenance capital required and the help of increasing SDP/DRIP participation, Management has elected to maintain its monthly dividend of $0.045 per share, which implies an intriguing yield of 12.2%. Based on our current commodity price forecast, we show the Company’s 2016e ....
15 Dec 2015
TORC Oil & Gas Ltd. (TOG) Announces 2016 Capital Budget and Production Guidance; Maintains Annual Dividend Payment
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
TORC Oil & Gas Ltd. (TOG) Announces 2016 Capital Budget and Production Guidance; Maintains Annual Dividend Payment
- Published:
15 Dec 2015 -
Author:
Cody R. Kwong -
Pages:
7
Based on improved capital efficiencies expected in the current environment ($22,000 per flowing boe), TORC’s formal 2016e capital budget of $90 mm is expected to keep volumes flat at 18,200 boe/d. With lower than anticipated maintenance capital required and the help of increasing SDP/DRIP participation, Management has elected to maintain its monthly dividend of $0.045 per share, which implies an intriguing yield of 12.2%. Based on our current commodity price forecast, we show the Company’s 2016e ....