GREY:LSTMF - Post by User
Post by
ltrabson Nov 06, 2013 7:08pm
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Post# 21883054
Influenced by PennWest today ?
Influenced by PennWest today ?We started OK but were hit about the same time as PennWest started to tank.
PWT reported Q3 and Strategic review results. Not liked by someone.
490m shares outstanding, Big dump on TSX 5,2mn shares, 11mn shares on NYSE.
Looks a lot like the machines were doing the dirty work .... IMO
Haven't looked at these guys before so I'm not familiar but looks like it was guidance going forward 2014 - 2018 guidance that hurt them ... Negative growth for a f w years.
To see forward guidance there is a PDF presentation that shows it.
$3 bn in debt, heavy into gas so netback isn't great. Lots of boed, but cash flow not much more than us.