August 14 Q2 Report - what will be the surprises?For sure the refinery throughput will increase revenue in Q2 as the Commerce City Refinery came back online at the end of March. This should result in a full quarter of refining. The refinery capacity is 98,000 BOE/day (not sure % utilization).
The sale of the UK Exploration Portfolio for $1.2 billion was estimated to close in Q2.
These are 2 potentially positive reports in the Q2 report.
The report will be released after market close on August 14.