CIBC Q2 estimates for CPGCIBC analysts have published its Q2 earnings estimates for CPG. For those who might be interested, I will first provide the numbers for Q1 (released on May 12):
Q1 CIBC estimates (actuals):
Production (Mboe/d): 116.9 (119.4)
Capex ($MM): $145.7 ($119,2)
Cash flow per share: $0.48 ($0.49)
Q2 CIBC estimates:
Production (Mboe/d): 142.6
Capex ($MM): $110.2
Cash flow per share: $0.67
I am not sure how CIBC has reached its Q2 estimates. But if CIBC analysts are anywhere close to Q2 actuals, CPG is going to have an incredible quarter. Q1 numbers were decent as CPG paid of over $135 million of debt using free cash flow, but Q2 numbers appear to be spectacular. CIBC is projecting that CPG will show almost a 40% increase in cash flow per share from Q1 to Q2!
Q2 earnings to be released on July 28.