2H16e catalysts to watch for include a resolution at Liwan (further details “very soon”), ramp up at Sunrise, potential reinstatement of a dividend, and potential use of asset sale proceeds. We have reduced 2017e capex estimates (thermal growth timing, conventional), while our production estimates have increased very modestly. Maintaining Outperform ranking and $18.00/share target price.
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2Q16 Update – Expect Catalysts in 2H16
- Published:
27 Jul 2016 -
Author:
Michael P. Dunn -
Pages:
11
2H16e catalysts to watch for include a resolution at Liwan (further details “very soon”), ramp up at Sunrise, potential reinstatement of a dividend, and potential use of asset sale proceeds. We have reduced 2017e capex estimates (thermal growth timing, conventional), while our production estimates have increased very modestly. Maintaining Outperform ranking and $18.00/share target price.