where's cash flow grampa now..?..all his pumping ending in a crappy nr and sp is gonna tank
There is now an obvious issue of confidence with regards to BXE .
1.) Last 2 Quarter Production missed . In the 4th Q 2013 they were light Exit Production.
a.) But hey not to worry we will soon meet or exceed the 42,000 BOE.
2,) However at 1Q 2014 guess what.?.average was below 49K BOE
3.) Now we have more duration below 40 K forecast. and announced new annual 38-41 K.
Some investors will be somewhat perplexed by the inability to deliver the carrot, as it did seem
to be right in front of the donkey's nose.
Best Rgds;
IMHO................Company Conference call to explain will be today; which is a nice touch.
.
BXE will need to show the flow in the future IMHO . I THINK THEY WILL DO SO.
but for now take the growth out of the conversation.