Intraday Data provided by FACTSET and subject to terms of use. Terms Montoro Resources; 4-5 exciting properties, C$4.5M enterprise value, too cheap to ignore? See the Company's Management's Discussion and Analysis of financial condition and results of operation for the period ended June 30, 2020 for a reconciliation of the non-GAAP measures.
Our actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that we will derive therefrom. Saskatchewan Premier Moe says throne speech lacks support for farms, energy, Stress Engineering Services, Inc. launches new Digital Solutions Group, Downstream Leadership Forum seeks to create smarter, more resilient and sustainable downstream business strategies.
NAL's production and lands overlap more than 80% of Whitecap's current asset base and provides for meaningful operational synergies and …
In particular, and without limiting the generality of the foregoing, this press release contains forward-looking information with respect to: NAL having no debt outstanding on the expected closing date of January 4, 2021; NAL's average 2021 production, production mix and production decline rate; NAL's 2021 net operating income and net operating netback; our long-term strategy of consolidating assets in our core operating areas; our 2021 average production and capital investments; our competitive advantages including a strong balance sheet, high funds flow netback assets, shallow production decline rate and a deep high quality drilling inventory; our plans to grow our business for the long term in combination with providing our shareholders with meaningful cash dividends; the benefits of the Transaction, including: (i) that the Transaction will provide significant operational overlap and inventory optimization opportunities and will enhance our exposure to familiar, economically compelling plays; (ii) that the NAL assets are complementary and synergistic with our current assets; (iii) that the Transaction will decrease our leverage ratio in 2021; (iv) that the Transaction significantly enhances our ability to grow production per share within funds flow, increases free funds flow and our ability to return capital to shareholders; (v) that the Transaction will be accretive to key 2021 per share metrics including funds flow, production, reserves and net asset value; (vi) that the Transaction enhances our long-term corporate sustainability; (vii) that the Transaction supports and positions the combined entity to be a disciplined consolidator in the sector; (viii) that the Transaction is accretive to free funds flow and free funds flow per share; (ix) that the Transaction improves our financial strength and resilience; * that the Transaction will position us to advance internal and consolidation opportunities; and (xi) the Transaction will enhance our credit profile and reduce our cost of capital; 2021 estimated debt to EBITDA and net debt, plans to maintain our credit capacity pro forma the Transaction, that we will have provide ample liquidity to manage commodity price volatility; opportunities to reduce operating costs and resulting pro forma G&A/boe costs; 2021 free funds flow; our dividend policy and source of funding; expectations that 2021 pro forma free funds flow will provide flexibility for balance sheet enhancement, return of incremental capital to shareholders, increase our organic growth or to pursue additional accretive transactions with the objective of increasing total shareholder returns; and that there will be a seamless integration of the NAL assets.
This press release contains forward-looking statements and forward-looking information (collectively “forward-looking information”) within the meaning of applicable securities laws relating to the Company’s plans and other aspects of our anticipated future operations, management focus, strategies, financial, operating and production results and business opportunities. Current production is approximately 27,000 boe/d and production in 2021 is expected to average 22,000 boe/d (55% oil and NGLs) with a stable production decline rate of 19%. In addition, given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.
The reserves estimates were prepared in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook.
Our actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that we will derive therefrom. Since forward-looking information addresses future events and conditions, by its very nature they involve inherent risks and uncertainties. Reserves estimates in this press release are based on Whitecap's internal evaluation and were prepared by a member of Whitecap's management who is a qualified reserves evaluator in accordance with NI 51-101 effective December 31, 2019.
EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry. Whitecap has scheduled a conference call and webcast to begin promptly at 10:00 am MT (12:00 pm ET) on August 31, 2020.
{ Presenting net operating netbacks on a per boe basis allows management to better analyze performance on a comparative basis. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. Manulife has entered into a lock-up agreement for periods of 12, 15, and 18 months from the closing date of the Transaction; one-third to be released from the lock-up after each period. In addition, given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Intl.
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