Whitecap posted production and cash flow figures that were 4% and 5% ahead of our forecasts respectively, and all executed under the
umbrella of a capital program that was in line with our capital projections. Stronger than anticipated operational performance in 1H15 has prompted Management to increase its full year 2015e production guidance by 400 boe/d to 40,100 boe/d, which we believe still carries a strong air of conservatism as the Company navigates another 3 months of minor TCPL outages.

06 Aug 2015
Whitecap Posts Strong Results in 2Q15, Increased 2015 Production Guidance on Unchanged Spending

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Whitecap Posts Strong Results in 2Q15, Increased 2015 Production Guidance on Unchanged Spending
Whitecap Resources Inc. (WCP:TSE) | 0 0 (-1.0%) | Mkt Cap: 3,323m
- Published:
06 Aug 2015 -
Author:
Cody R. Kwong -
Pages:
8 -
Whitecap posted production and cash flow figures that were 4% and 5% ahead of our forecasts respectively, and all executed under the
umbrella of a capital program that was in line with our capital projections. Stronger than anticipated operational performance in 1H15 has prompted Management to increase its full year 2015e production guidance by 400 boe/d to 40,100 boe/d, which we believe still carries a strong air of conservatism as the Company navigates another 3 months of minor TCPL outages.