Q: Your thoughts please on the Surge quarter?
Thx
Thx
5i Research Answer:
EPS of -25c missed estimates of +24c; revenue of $158M beat estimates by 6%. Total production was 23,893 b/d, up 1.5%. Cash flow was $70.9M, down 11% but ahead of estimates ($67.1M). Yearly forecast was maintained at 23,000 b/d. We are comfortable with these numbers, and the stock remains very cheap.