SilverBow Resources Says Estimated Full Year 2024 Capital Investments Unchanged At $470M-$510M
Portfolio Pulse from Benzinga Newsdesk
SilverBow Resources maintains its 2024 capital investment forecast at $470M-$510M, while increasing its free cash flow estimate to $175M-$200M. The company also raised its production guidance for 2024 to 90.0 - 97.3 MBoe/d, with Q2 expectations set at 90.8 - 95.4 MBoe/d.
May 01, 2024 | 10:11 pm
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SilverBow Resources updates its 2024 financial and production outlook, maintaining capital investments while increasing free cash flow and production estimates.
The announcement of maintained capital investments alongside increased free cash flow and production guidance for 2024 indicates strong operational efficiency and potential for increased profitability. This is likely to be viewed positively by investors, suggesting a potential uplift in SBOW's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100