Given continued deterioration of commodity prices in the time since Whitecap originally provided 2016e guidance in mid-November, Management has decided to reduce its 2016 capital budget from $205 mm to $150 mm, a 27% reduction, with only a modest impact to its
production guidance that falls 3%, to 40,100 boe/d.
16 Dec 2015
Whitecap Lowers its 2016e Capital and Production Guidance, Maintains Current Dividend Payment
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Whitecap Lowers its 2016e Capital and Production Guidance, Maintains Current Dividend Payment
Whitecap Resources Inc. (WCP:TSE) | 0 0 (-1.0%) | Mkt Cap: 3,323m
- Published:
16 Dec 2015 -
Author:
Cody R. Kwong -
Pages:
7
Given continued deterioration of commodity prices in the time since Whitecap originally provided 2016e guidance in mid-November, Management has decided to reduce its 2016 capital budget from $205 mm to $150 mm, a 27% reduction, with only a modest impact to its
production guidance that falls 3%, to 40,100 boe/d.