With production of ~49,000 boe/d previously disseminated, FFO of $63.6 mm, or $0.28/sh, matching our expectations of $0.28/sh (consensus $0.29/sh) was no surprise. Capital spending of $77.4 mm was also aligned with our forecast. Through a busy organic drilling campaign, augmented by the Pipestone acquisition, reserves grew by 20% PDP, 47% 1P and 20% 2P on a per share basis. All-in FD&A performance in 2018 bested 3-yr averages at $8.22/boe 2P, $10.34/boe 1P and 21.53/boe PDP, leading to ca
06 Mar 2019
4Q18 performance matches expectations, reserve markers consistent with 3-yr averages
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
4Q18 performance matches expectations, reserve markers consistent with 3-yr averages
NuVista Energy Ltd. (NVA:TSE) | 0 0 -0.5% | Mkt Cap: 1,392m
- Published:
06 Mar 2019 -
Author:
Cody R. Kwong -
Pages:
10
With production of ~49,000 boe/d previously disseminated, FFO of $63.6 mm, or $0.28/sh, matching our expectations of $0.28/sh (consensus $0.29/sh) was no surprise. Capital spending of $77.4 mm was also aligned with our forecast. Through a busy organic drilling campaign, augmented by the Pipestone acquisition, reserves grew by 20% PDP, 47% 1P and 20% 2P on a per share basis. All-in FD&A performance in 2018 bested 3-yr averages at $8.22/boe 2P, $10.34/boe 1P and 21.53/boe PDP, leading to ca