Impact: Slightly positive. 4Q15 cash flow beat both our estimate and consensus with higher realized pricing and lower cash costs while reserves were added at lower FD&A costs relative to prior years. Revised 2016e spending guidance of $235 mm (down $50 mm) is in line with our thinking though ideally on production guidance that is above our forecast implying stronger capital efficiencies than we had forecast.
29 Feb 2016
2015 YEAR-END FINANCIAL RESULTS AND RESERVES, REVISED 2016E CAPITAL GUIDANCE
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2015 YEAR-END FINANCIAL RESULTS AND RESERVES, REVISED 2016E CAPITAL GUIDANCE
Vermilion Energy Inc. (VET:TSE) | 0 0 (-0.4%) | Mkt Cap: 5,122m
- Published:
29 Feb 2016 -
Author:
Michael Hearn -
Pages:
3
Impact: Slightly positive. 4Q15 cash flow beat both our estimate and consensus with higher realized pricing and lower cash costs while reserves were added at lower FD&A costs relative to prior years. Revised 2016e spending guidance of $235 mm (down $50 mm) is in line with our thinking though ideally on production guidance that is above our forecast implying stronger capital efficiencies than we had forecast.