Q: Your thoughts please on the quarter?
Thx
Thx
5i Research Answer:
EPS was -7c vs expectations of 9.4c; revenue of $126.3M missed estimates by 2%. Revenue fell 23% on lower prices. Cash flow per share was 55c vs 75c last year. Production fell 4.7% to 23,186 b/d. Forecast calls for flat production this year and $245M in cash flow. Investors have shrugged off the miss, with much higher commodity prices now, and the stock has hit a new high this morning.