Post by
perdikaoilgas on Jun 12, 2015 5:05pm
Q2 2015 will be even better than Q1 2015
We all know how great Q1 2015 report was. Although numerous energy companies LOST money, QXP was profitable.
In addition, QXP made profits despite the fact that natural gas price was at $2.5/mmbtu and WTI was below $50 (on average) in Q1 2015.
It is not rocket science to understand that QXP's Q2 will be even better than Q1. Here is why:
WTI in Q2 2015 has risen 25%-30% compared to its Q1 2015 levels.
And
Natural Gas price in Q2 2015 has also risen 20% compared to Q1 2015 levels.
And
Q2 2015 Production has also risen compared to Q1 2015.
QXP's exit production was 1,725 boepd in March 2015.
I quote:
"At March 31, 2015, the Company's exit production was 1,725 boe per day, despite having to absorb a challenging, period of facilities turn-a-rounds that limited average production in the first quarter to 1,410 boe per day, and the dramatic year over year commodity price adjustment, QUATTROs low costs of operations at $10.17 per boe is a key factor that continues to provide the Company sustainable capacity to advance its business plan within the current market."
Comment by
Jonnybgood123 on Jun 13, 2015 10:59am
Let's ee what it does to the stock price. Wouldn't be surprised if it went down...ha ha GLTA