Whitecap’s 1Q16 production of 43,000 boe/d was inline with our forecast and Company projections. Cash flow generation of $67.9 mm or $0.22 per share marginally outpaced FirstEnergy and consensus forecasts that were both $0.21 per share. Volumes and cash flow markers were achieved on spending that was 9% lower than anticipated. The Company continued its cost cutting initiatives with production expenses now ducking below the $10.00/boe level, which leaves it in the running for lowest cost operator ....
05 May 2016
1Q16 Results Match Expectations
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1Q16 Results Match Expectations
Whitecap Resources Inc. (WCP:TSE) | 0 0 (-1.0%) | Mkt Cap: 3,323m
- Published:
05 May 2016 -
Author:
Cody R. Kwong -
Pages:
7
Whitecap’s 1Q16 production of 43,000 boe/d was inline with our forecast and Company projections. Cash flow generation of $67.9 mm or $0.22 per share marginally outpaced FirstEnergy and consensus forecasts that were both $0.21 per share. Volumes and cash flow markers were achieved on spending that was 9% lower than anticipated. The Company continued its cost cutting initiatives with production expenses now ducking below the $10.00/boe level, which leaves it in the running for lowest cost operator ....