Production of 75,529 boe/d and cash flow of $206.8 mm or $0.49/sh were both marginally ahead of expectations by 1%-2%. Whitecap’s performance was generated from less E&D spending than expected at $115 mm (GMP FE - $146 mm) which led to FCF generation of ~$58 mm in the period, bringing its D/CF ratio down to 1.6x. NCIB activity continued in 3Q18 with 1.0 mm shares purchased at an average price of $8.17/sh, bringing its total to ~3.0 mm shares ytd. We believe the NCIB continues to be
01 Nov 2018
Tidy 3Q18 performance yields FCF of ~$58 mm, rolling out 2019 guidance in early December
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Tidy 3Q18 performance yields FCF of ~$58 mm, rolling out 2019 guidance in early December
Whitecap Resources Inc. (WCP:TSE) | 0 0 (-1.0%) | Mkt Cap: 3,323m
- Published:
01 Nov 2018 -
Author:
Cody R. Kwong -
Pages:
7
Production of 75,529 boe/d and cash flow of $206.8 mm or $0.49/sh were both marginally ahead of expectations by 1%-2%. Whitecap’s performance was generated from less E&D spending than expected at $115 mm (GMP FE - $146 mm) which led to FCF generation of ~$58 mm in the period, bringing its D/CF ratio down to 1.6x. NCIB activity continued in 3Q18 with 1.0 mm shares purchased at an average price of $8.17/sh, bringing its total to ~3.0 mm shares ytd. We believe the NCIB continues to be