Reserves grew 2%, 8%, and 7% per share on a PDP, 1P and 2P basis, respectively. While FD&A costs were largely attached to its acquisition of Beaumont Energy, organic F&D additions this year came in at an impressive $12.57/boe PDP or $6.97/boe 2P. Our updated CNAV analysis shows normalized y/y growth of 23%. Our RENAV methodology continues to support a compelling return profile well in excess of
current trading levels, particularly when evaluating the underpinning assets on a risk-adjusted basis ....
11 Feb 2016
Whitecap Posts Perennially Solid Reserve Growth Performance
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Whitecap Posts Perennially Solid Reserve Growth Performance
Whitecap Resources Inc. (WCP:TSE) | 0 0 (-1.0%) | Mkt Cap: 3,323m
- Published:
11 Feb 2016 -
Author:
Cody R. Kwong -
Pages:
10
Reserves grew 2%, 8%, and 7% per share on a PDP, 1P and 2P basis, respectively. While FD&A costs were largely attached to its acquisition of Beaumont Energy, organic F&D additions this year came in at an impressive $12.57/boe PDP or $6.97/boe 2P. Our updated CNAV analysis shows normalized y/y growth of 23%. Our RENAV methodology continues to support a compelling return profile well in excess of
current trading levels, particularly when evaluating the underpinning assets on a risk-adjusted basis ....