Athabasca posted very strong reserve growth in 2016, growing P+P reserves by >200% per share. This was achieved largely through redeploying the proceeds of its contingent bitumen royalties ($307MM last year) into long-life oil sands assets. This enhanced reserve base certainly helped backstop the debt issuance, and was likely a key factor behind the Statoil acquisition. —BarclaysMEG Energy (MEG; $6.33-Feb. 9; Equal Weight; PT-$8.00)With the recent equity issuance and clearer path to cash flow......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.