3Q17 production of 36,133 boe/d was slightly ahead of GMPFE estimate of 35,550 boe/d and in line with the street at 36,250 boe/d. Production was relatively flat QoQ due to downtime and restrictions. However, October production was ~41,000 boe/d as ATH returned to more normalized volumes. As such, we have aligned our 4Q17 forecasts to reflect this. CFPS (f.d.) of $0.07/share was ahead of our estimate of $0.05/share and the street estimate of $0.05/share. This was largely driven by better than
03 Nov 2017
3Q17 results; cash flow ahead of expectations
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3Q17 results; cash flow ahead of expectations
Athabasca Oil Corporation (ATH:TSE) | 0 0 -2.8% | Mkt Cap: 535.3m
- Published:
03 Nov 2017 -
Author:
Stacey E. McDonald -
Pages:
9
3Q17 production of 36,133 boe/d was slightly ahead of GMPFE estimate of 35,550 boe/d and in line with the street at 36,250 boe/d. Production was relatively flat QoQ due to downtime and restrictions. However, October production was ~41,000 boe/d as ATH returned to more normalized volumes. As such, we have aligned our 4Q17 forecasts to reflect this. CFPS (f.d.) of $0.07/share was ahead of our estimate of $0.05/share and the street estimate of $0.05/share. This was largely driven by better than