Market Impact: Neutral. Quarterly disclosures were highlighted by an additional $60 mm added to Light Oil capex for 2016e, while perhaps unsurprisingly, production guidance was lowered due to disruptions at Hangingstone from wildfires, but ATH continues to expect nameplate capacity to be hit by year end. 2Q16 production (11.1 mboe/d) was slightly ahead of our expectations and CFPS slightly below (-$0.07/share diluted).
