Capital Expenditure IncreaseThe company's updated long-term development plan includes a materially higher capital spend, which could lead to some near-term weakness.
Downgrade And Target PriceAnalyst has downgraded the shares to Market Perform with the target price trimmed to $74/share.
Free Cash Flow And Production ForecastA decrease in free cash flow is expected, driven by a lower production forecast compounded by higher capital expenditures in the coming years.