RE:RE:RE:RE:RE:Q1 projection dllscwbysfn wrote: We should all have fairly low expectations of Q1 earnings. Cap ex is high and they had shut in production at about 2000 BOE/day on average over the whole quarter. Also WTI was fairly weak as well. Do not be disappointed with weak numbers. I am long but also I am a realist, just saying.
Q2 on the other hand if there are no issues and WTI stays in this range should be very good.
HeavyBanana wrote: jack4567 wrote: Would like to see $6 soon too, but recall that the company said cap ex would be relatively heavy in Q1, so I'm thinking $5.50 when Q1 results are announced. Q2 though is supposed to be relatively light cap ex, and it looks like it will have a solid average WTI price, so that $6 can be realized on Q2 results.
I say $6.00 on Q1 results and $7.50 to $8.00 on Q2 results. $9.50 to $10.00 by year end. Taking out the Juniper overhang will accelerate the re-rate.
I feel Im a realist as well and as such would argue my projections are not outlandish relative to the current company profile and where oil has been trading. I guess your idea of having low expectations is a defence mechanism for emotions but I don't make decisions through subjectivity so I don't subject myself to maintaining "low"expectations. I look to the potential with an objective view but that's just me.
It will be what it will be cuz the market will do what the market will do.Can't wait to find out. Meanwhile I awiat my next $5,000 divvy payout.