Top-News
Donnerstag,
04.05.2017 12:30
von
PR Newswire
| Aufrufe: 140
Penn West Announces Strong First Quarter 2017 Financial and Operational Results
Wirtschaftsnachrichten (Symbolbild).
pixabay.com
PR Newswire
CALGARY, May 4, 2017
CALGARY, May 4, 2017 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the three months ended March 31, 2017.
"Our first quarter results reflect a quality start for the new Penn West, with robust funds flow from operations, production growth in our key development areas, and a repositioned balance sheet from which to pursue our activities," commented David French, President and Chief Executive Officer. "First quarter development has set the Company up well for annual double-digit growth and our restructuring sales program is complete, bringing us to long term debt below $400 million. Looking ahead, we will work as a normal course business to selectively consolidate in areas where it makes sense, such as our recent tuck-in land acquisition in Peace River that increased inventory in the area by at least 40 near-term locations.
We are positioned with the assets, people, and commercial approach to succeed in the current commodity price environment. To further showcase our potential, we will be hosting an analyst day event next month to deepen investor awareness of our assets and go forward plans. I look forward to building on our strong momentum from the first quarter over the coming months."
Penn West Results for the Three Months Ended March 31, 2017
| | | |||||
| | Three months ended March 31 | |||||
| | 2017 | 2016 | % change | |||
| Financial (millions, except per share amounts) | | | | | | |
| Gross revenues (1) | $ | 132 | $ | 231 | (43) | |
| Funds flow from operations (2) | | 57 | | 47 | 21 | |
| | Basic per share (2) | | 0.11 | | 0.09 | 22 |
| | Diluted per share (2) | | 0.11 | | 0.09 | 22 |
| Net income (loss) | | 27 | | (100) | >100 | |
| | Basic per share | | 0.05 | | (0.20) | >100 |
| | Diluted per share | | 0.05 | | (0.20) | >100 |
| Capital expenditures (3) | | 26 | | 18 | 44 | |
| Long-term debt at period-end | $ | 384 | $ | 1,858 | (79) | |
| | | | | | | |
| Operations | | | | | | |
| Daily production | | | | | | |
| | Light oil and NGL (bbls/d) | | 15,962 | | 40,572 | (61) |
| | Heavy oil (bbls/d) | | 5,206 | | 12,440 | (58) |
| | Natural gas (mmcf/d) | | 82 | | 144 | (43) |
| Total production (boe/d) (4) | | 34,900 | | 77,010 | (55) | |
| Average sales price | | | | | | |
| | Light oil and NGL (per bbl) | $ | 57.00 | $ | 34.49 | 65 |
| | Heavy oil (per bbl) | | 33.21 | | 14.76 | >100 |
| | Natural gas (per mcf) | $ | 3.22 | $ | 1.96 | 64 |
| Netback per boe (4) | | | | | | |
| | Sales price | $ | 38.63 | $ | 24.22 | 59 |
| | Risk management gain | | 3.52 | | 5.75 | (39) |
| | Net sales price | | 42.15 Werbung Mehr Nachrichten zur Obsidian Energy Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | |||
