Raging River’s reserve book coming out of 2015 is reflective of another year of predictable, efficient capital allocation. With capital outlays entirely discretionary, the Company is moving to a lower capex program for 2016e to $150-$160 mm, though a growth target of 16,500 boe/d is not materially different from its prior assertion (-3%). The Company continues to have the best balance sheet in its peer group far and away. An updated NAV continues to support a valuation level offering decent posi ....
04 Feb 2016
Raging River Reports Strong 2015 Year-End Reserve Book, Reduces 2016e Capital Spending Targets to Preserve the Best Balance Sheet in its Peer Group
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Raging River Reports Strong 2015 Year-End Reserve Book, Reduces 2016e Capital Spending Targets to Preserve the Best Balance Sheet in its Peer Group
Raging River Exploration (RRX:TSE) | 0 0 (-2.0%) | Mkt Cap: 1,478m
- Published:
04 Feb 2016 -
Author:
Robert Fitzmartyn -
Pages:
8
Raging River’s reserve book coming out of 2015 is reflective of another year of predictable, efficient capital allocation. With capital outlays entirely discretionary, the Company is moving to a lower capex program for 2016e to $150-$160 mm, though a growth target of 16,500 boe/d is not materially different from its prior assertion (-3%). The Company continues to have the best balance sheet in its peer group far and away. An updated NAV continues to support a valuation level offering decent posi ....