Vermilion reported 3Q17 production of 67,403 boe/d and funds flow from operations of C$131 mm, which was largely in line with our estimates and consensus. The company modestly reduced 2017 production guidance to a range between 68,000 boe/d and 69,000 boe/d, due to unplanned downtime at the Corrib Field. The outage was expected and revised guidance is in line with our estimates. The 2018 capital program has been reduced to C$315 mm (previously C$340 mm), yet production guidance remains relati
30 Oct 2017
Vermilion reports 3Q17 results and 2018e guidance that is consistent with outlook
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Vermilion reports 3Q17 results and 2018e guidance that is consistent with outlook
Vermilion Energy Inc. (VET:TSE) | 0 0 (-0.4%) | Mkt Cap: 5,122m
- Published:
30 Oct 2017 -
Author:
Darren B. Engels -
Pages:
9
Vermilion reported 3Q17 production of 67,403 boe/d and funds flow from operations of C$131 mm, which was largely in line with our estimates and consensus. The company modestly reduced 2017 production guidance to a range between 68,000 boe/d and 69,000 boe/d, due to unplanned downtime at the Corrib Field. The outage was expected and revised guidance is in line with our estimates. The 2018 capital program has been reduced to C$315 mm (previously C$340 mm), yet production guidance remains relati