Despite 4Q17 production being pre-released, the company’s cash flow of $57.6 mm or $0.25/sh handily topped consensus estimates of $0.20/sh and our expectation of $0.22/sh. All delivered through capital expenditures that were more than 20% lower than anticipated. The winter drilling program has been completed ahead of schedule and has led to January/February average volumes of 22,800 boe/d, with 20 more wells to bring onstream. Key to its 1H18 outlook is the corporate liquids contributio
06 Mar 2018
Posts strong 4Q17 results, announces opex lowering Viking takeaway agreement
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Posts strong 4Q17 results, announces opex lowering Viking takeaway agreement
Tamarack Valley Energy Ltd. (TVE:TSE) | 0 0 3.2% | Mkt Cap: 589.5m
- Published:
06 Mar 2018 -
Author:
Cody R. Kwong -
Pages:
10
Despite 4Q17 production being pre-released, the company’s cash flow of $57.6 mm or $0.25/sh handily topped consensus estimates of $0.20/sh and our expectation of $0.22/sh. All delivered through capital expenditures that were more than 20% lower than anticipated. The winter drilling program has been completed ahead of schedule and has led to January/February average volumes of 22,800 boe/d, with 20 more wells to bring onstream. Key to its 1H18 outlook is the corporate liquids contributio