Q: Hi there, your thoughts on PEY and LGN after their results?
Thanks!
Thanks!
5i Research Answer:
PEY comments are now posted.
LGN EPS of 3c beat estimates of 1.7c; revenue of $41.99M beat estimates of $34,6M. EBITDA of $36.9 was 90% better than estimates. Production was a record at just over 12,000 b/d, and cash flow was also a record. The balance sheet is strong with debt at 1X cash flow. It was a good quarter and the stock remains quite cheap for the sector.