GREY:TBTEF - Post by User
Comment by
bshort92on May 15, 2012 12:51am
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Post# 19908877
RE: Read the Q1 earnings release
RE: Read the Q1 earnings release In the four months since the closing of the EME merger TBE has reduced debt from $146 million to $126 million or by $20 million. Yet production has grown to 13,900 boe/d. The announced exit production rate is still being guided to that same number. Maybe the year end production number can be increased over the next six 1/2 months. If so the exit production rate could possibly be in excess of 14,000 boe/d. Can it go higher? Is that kind of fiscal restraint and simultaneous production increase ability make TBE desirable to analysts, investors or larger firms looking for an acquisition? So tomorrow: Does TBE trade higher or lower amid this lousy energy market. Stay tuned...