Impact - positive with estimated fourth quarter production ahead of our thinking on lower spending resulting in lower than anticipated net debt exiting the year, while 2016e guidance will also see a higher level of production on lower spending compared to our forecast. That said, in light of current commodity prices, Management will remain prudent in its approach to capital allocation and will look to reduce spending should commodity prices remain at or below current levels.
19 Jan 2016
TAMARACK VALLEY ENERGY LTD. (TVE) REPORTS STRONG FOURTH QUARTER RESULTS, PROVIDES 2016E GUIDANCE
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
TAMARACK VALLEY ENERGY LTD. (TVE) REPORTS STRONG FOURTH QUARTER RESULTS, PROVIDES 2016E GUIDANCE
Tamarack Valley Energy Ltd. (TVE:TSE) | 0 0 3.2% | Mkt Cap: 589.5m
- Published:
19 Jan 2016 -
Author:
Michael Hearn -
Pages:
3
Impact - positive with estimated fourth quarter production ahead of our thinking on lower spending resulting in lower than anticipated net debt exiting the year, while 2016e guidance will also see a higher level of production on lower spending compared to our forecast. That said, in light of current commodity prices, Management will remain prudent in its approach to capital allocation and will look to reduce spending should commodity prices remain at or below current levels.