Q: Thoughts on the TVE quarter please?
5i Research Answer:
EPS of $0.10 beat estimates of $0.02 and sales were $365.03M for the quarter. Production grew 4% year-over-year and it report operating cash flow of $175.6M. Full-year free funds flow increased 10% despite lower oil prices, and it returned capital to shareholders through buybacks and dividends. It is holding up fairly well on these earnings, and we think this was a strong quarter for the company, and it should benefit from the recent slight jump in oil prices.