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Stocks in play: Perpetual Energy Inc.

Baystreet.ca
Updated
Announced a 62.5% increase to its reserve-based credit facility and confirm capital spending plans and ...

Announced a 62.5% increase to its reserve-based credit facility and confirm capital spending plans and expected production and adjusted funds flow growth for 2018. Strategic focusing of the Company's asset base, strengthening of the balance sheet, steady execution of the growth-oriented capital program and the Company's market diversification strategy implemented over the past year have combined to position Perpetual for continued strong growth in 2018. Based on current forward commodity prices, production growth of 30% in 2018 from 2017 levels is anticipated to drive 23% adjusted funds flow growth to $0.59 to $0.67/share, supported by a capital program substantially funded from adjusted funds flow. Perpetual Energy Inc.