In the latest corporate presentation, Management has updated its preliminary 2017e outlook where anticipated capital spending has increased from $205 mm to $300 mm. Average annual volume guidance under this accelerated view increases by 6% to 57,000 boe/d. This move continues to be funded well inside of organic cash flow generation with a proforma cash use to cash flow ratio of 83% (82% under the forward strip) while the balance sheet remains solid at 1.5x D/CF (2017e trailing). We are reaffi
12 Sep 2016
Whitecap Looks to Accelerate Growth Plans in 2017e
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Whitecap Looks to Accelerate Growth Plans in 2017e
Whitecap Resources Inc. (WCP:TSE) | 0 0 (-1.0%) | Mkt Cap: 3,323m
- Published:
12 Sep 2016 -
Author:
Cody R. Kwong -
Pages:
5
In the latest corporate presentation, Management has updated its preliminary 2017e outlook where anticipated capital spending has increased from $205 mm to $300 mm. Average annual volume guidance under this accelerated view increases by 6% to 57,000 boe/d. This move continues to be funded well inside of organic cash flow generation with a proforma cash use to cash flow ratio of 83% (82% under the forward strip) while the balance sheet remains solid at 1.5x D/CF (2017e trailing). We are reaffi