Given natural declines and voluntary shut-in of uneconomic production, Trilogy’s production was 2% shy of our expectations, alongside a slightly higher natural gas bias. Cash flow of $9.1 mm or $0.07 per share was behind FirstEnergy and consensus estimates of $0.10 per share. Capital spending of $22.3 mm outpaced cash flow as the Company addressed expiry issues in the Duvernay while taking advantage of notably improving well costs in its Montney oil and gas plays.
06 May 2016
1Q16 Results Behind Expectations, Resource Preservation Theme of Capital Program
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1Q16 Results Behind Expectations, Resource Preservation Theme of Capital Program
Treatt plc (TET:LON) | 468 -60.9 (-2.7%) | Mkt Cap: 286.8m
- Published:
06 May 2016 -
Author:
Cody R. Kwong -
Pages:
7
Given natural declines and voluntary shut-in of uneconomic production, Trilogy’s production was 2% shy of our expectations, alongside a slightly higher natural gas bias. Cash flow of $9.1 mm or $0.07 per share was behind FirstEnergy and consensus estimates of $0.10 per share. Capital spending of $22.3 mm outpaced cash flow as the Company addressed expiry issues in the Duvernay while taking advantage of notably improving well costs in its Montney oil and gas plays.