• 1Q21 financials were in line with our expectations. The company had reported previously its cash position at the end of March and there were no surprises in working capital movements.
• The FY21 production guidance of 41-43 mboe/d with US$130 150 mm capex has been re-iterated.
• Assuming (1) US$60/bbl for Brent for the balance of the year, (2) the low end of the production guidance and (3) US$140 mm capex would suggest FY21 free cash flow of US$80 mm, which represents over 8% FCF yield at the ....
06 May 2021
GeoPark Limited (NYSE: GPRK): >8% FCF yield in 2021 with major exploration upside
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
GeoPark Limited (NYSE: GPRK): >8% FCF yield in 2021 with major exploration upside
- Published:
06 May 2021 -
Author:
Stephane Foucaud -
Pages:
5
• 1Q21 financials were in line with our expectations. The company had reported previously its cash position at the end of March and there were no surprises in working capital movements.
• The FY21 production guidance of 41-43 mboe/d with US$130 150 mm capex has been re-iterated.
• Assuming (1) US$60/bbl for Brent for the balance of the year, (2) the low end of the production guidance and (3) US$140 mm capex would suggest FY21 free cash flow of US$80 mm, which represents over 8% FCF yield at the ....