Q: I would appreciate your thoughts on the latest Nuvista Energy earnings and would it be a buy, hold or sell. Thank you
5i Research Answer:
EPS of 39c dropped from 74c last year, but was ahead of estimates (25c). Cash flow was 65c vs 83c on lower commodity prices. Production guidance range was reduced very narrowly to 76,000 to 78,000 from 76,000 to 79,000. Production rose 9% which is solid but prices saw revenue drop 39%. But overall we would consider it a good quarter.