Our 2016e and 2017e estimates have only undergone minimal changes, as our outlook is unchanged. Our 2016e EBITDAS of $179 mm remains below the Company’s guidance of $200 mm to $225 mm, which was provided in December. The Company suggested it will update its internal budgets towards the end of 1Q16e, and we expect an update with 2Q16e results. We are currently comfortable with our estimates given our negative view on oilfield activity in 2016e. The dividend policy will also be reviewed at that ti ....
12 Feb 2016
Mullen Group Ltd. (MTL) 4Q15 Results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Mullen Group Ltd. (MTL) 4Q15 Results
Mullen Group Ltd. (MTL:TSE) | 0 0 0.0% | Mkt Cap: 1,516m
- Published:
12 Feb 2016 -
Author:
Ian B. Gillies -
Pages:
6
Our 2016e and 2017e estimates have only undergone minimal changes, as our outlook is unchanged. Our 2016e EBITDAS of $179 mm remains below the Company’s guidance of $200 mm to $225 mm, which was provided in December. The Company suggested it will update its internal budgets towards the end of 1Q16e, and we expect an update with 2Q16e results. We are currently comfortable with our estimates given our negative view on oilfield activity in 2016e. The dividend policy will also be reviewed at that ti ....