GREY:LGVWF - Post by User
Comment by
terroiron Jan 30, 2014 1:34pm
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Post# 22154058
RE:RE:RE:Cash Flow Sensitivity
RE:RE:RE:Cash Flow SensitivityI hope, with the focus of dedicated management, the company can produce some solid production numbers. As you have past noted, their past misses have also weighed on the stock. The company maintains that the AAV situation is out of their control, fair enough, but solid results will offset that cloud pretty easily.
I am somewhat concerned about Q4. Its pretty obvious that the over spend on 2013 capex was not a celebration of increased cash availability, what with the dividend cut and all, so I expect that it was part of the struggle to make the adjusted 6000 boed target. Hopefully the 6000 is the extent of the adjustment to expectation.
They have the budget, they have the locations, its time to be manufacturing with a steady hand. Do it, and they will certainly reach your targets.
Terr