Traverse announced its second quarter results, with production largely in line with expectations while cash flow fell short of our thinking. Similar to the first quarter, capital expenditures in the period were limited in the face of continued weakness in commodity prices. Management has reiterated its 2016e E&D capital program of $10 mm that is weighted to the back half of the year, although remains subject to improving commodity prices. With only modest changes to our 2017e outlook we m
16 Aug 2016
Reports 2Q16 Results, Activity to Pick-up in 2H16
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Reports 2Q16 Results, Activity to Pick-up in 2H16
- Published:
16 Aug 2016 -
Author:
Michael Hearn -
Pages:
6
Traverse announced its second quarter results, with production largely in line with expectations while cash flow fell short of our thinking. Similar to the first quarter, capital expenditures in the period were limited in the face of continued weakness in commodity prices. Management has reiterated its 2016e E&D capital program of $10 mm that is weighted to the back half of the year, although remains subject to improving commodity prices. With only modest changes to our 2017e outlook we m