RBC/SCR(MTN) RBC Capital Markets Outlines Q4 2023 Expectations For Strathcona Resources
RBC Capital Markets Outlines Q4 2023 Expectations For Strathcona Resources
2024-01-12 15:51:47.228 GMT
(MT Newswires)
RBC Capital Markets said Friday that it expects Strathcona Resources Ltd.
(SCR.TO) to post production of 185,000 boe/d in the fourth quarter of 2023.
RBC said Strathcona's results will showcase the company's pro-forma Pipestone
Energy as the deal closed Oct. 3.
Operating cash flow was estimated at about $452 million.
RBC said its estimates included $898 million in acquisition costs following
the closing of the company's Pipestone acquisition.
RBC expects Strathcona to produce 192,600 boe/d in 2024 on the back of a $1.29
billion capital program. Price: 23.13, Change: +0.62, Percent Change: +2.75