Impact: Neutral to slightly positive, given strong results announced out of the Company's Charlie Lake light oil play that exceed our type curve expectations and implied 4Q15e cash flow that looks to be slightly ahead of FirstEnergy's estimate. 2016e spending and production guidance remain in line with our estimates.
05 Jan 2016
TOURMALINE OIL CORP. (TOU) HITS HIGH END OF 2015 EXIT PRODUCTION TARGET, PROVIDES OPERATIONS AND 2016 CAPITAL SPENDING UPDATE
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TOURMALINE OIL CORP. (TOU) HITS HIGH END OF 2015 EXIT PRODUCTION TARGET, PROVIDES OPERATIONS AND 2016 CAPITAL SPENDING UPDATE
Tourmaline Oil Corp. (TOU:TSE) | 0 0 2.9% | Mkt Cap: 5,137m
- Published:
05 Jan 2016 -
Author:
Robert Fitzmartyn -
Pages:
2
Impact: Neutral to slightly positive, given strong results announced out of the Company's Charlie Lake light oil play that exceed our type curve expectations and implied 4Q15e cash flow that looks to be slightly ahead of FirstEnergy's estimate. 2016e spending and production guidance remain in line with our estimates.