Whitecap’s production topped FirstEnergy and Management guidance by 5%, and ideally spawn from capital spending that was 25% lower than anticipated. Commensurate cash flow was also 8% ahead of expectations with the help of production outperformance (particularly on the liquids front). While exit 2016e production guidance of 51,000 boe/d has been maintained, solid current volumes proforma the Husky asset deal and an active drilling campaign in 2H16e mean the Company appears on track to o

05 Aug 2016
Posts Solid 2Q16 Results

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Posts Solid 2Q16 Results
Whitecap Resources Inc. (WCP:TSE) | 0 0 (-1.0%) | Mkt Cap: 3,323m
- Published:
05 Aug 2016 -
Author:
Cody R. Kwong -
Pages:
7 -
Whitecap’s production topped FirstEnergy and Management guidance by 5%, and ideally spawn from capital spending that was 25% lower than anticipated. Commensurate cash flow was also 8% ahead of expectations with the help of production outperformance (particularly on the liquids front). While exit 2016e production guidance of 51,000 boe/d has been maintained, solid current volumes proforma the Husky asset deal and an active drilling campaign in 2H16e mean the Company appears on track to o