Advantage announced third quarter financial and operating results that were in line with our expectations and consensus. The company has refined and expanded its longer-term view, tentatively tabled in March 2018. Under its new 3-year outlook, liquids growth into 2021e is robust, anticipating an exit rate of upwards of 14,000 bbl/d, of which ~82% of liquids is condensate/light oil. Importantly, this is accomplished on projected cash generation at strip, with its D/CF (trailing) on strip decre
02 Nov 2018
3Q18 results in line, provides 3-year outlook
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3Q18 results in line, provides 3-year outlook
Advantage Energy Ltd (0UG9:LON) | 0 0 0.8% | Mkt Cap: 688.1m
- Published:
02 Nov 2018 -
Author:
Robert Fitzmartyn -
Pages:
10
Advantage announced third quarter financial and operating results that were in line with our expectations and consensus. The company has refined and expanded its longer-term view, tentatively tabled in March 2018. Under its new 3-year outlook, liquids growth into 2021e is robust, anticipating an exit rate of upwards of 14,000 bbl/d, of which ~82% of liquids is condensate/light oil. Importantly, this is accomplished on projected cash generation at strip, with its D/CF (trailing) on strip decre