Market Impact: Slightly negative as the size of Bay du Nord was said to be "potentially towards the lower end" of the previously estimated range. Two additional discoveries were disclosed but not quantified, so we would assume they are not massive. Husky has a 35% stake in the discoveries. We do not believe the market was ascribing significant value to Husky's Flemish Pass interests, so if Bay du Nord is modestly smaller than hoped we do not believe this will have an overly material impact on th ....
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PARTNER STATOIL ANNOUNCES FLEMISH PASS EXPLORATION UPDATE
- Published:
10 Jun 2016 -
Author:
Michael P. Dunn -
Pages:
2
Market Impact: Slightly negative as the size of Bay du Nord was said to be "potentially towards the lower end" of the previously estimated range. Two additional discoveries were disclosed but not quantified, so we would assume they are not massive. Husky has a 35% stake in the discoveries. We do not believe the market was ascribing significant value to Husky's Flemish Pass interests, so if Bay du Nord is modestly smaller than hoped we do not believe this will have an overly material impact on th ....