Reason for Drop Here the reason the 15% drop today.
They are spending 145-160 million in 2013 with production remaining essential flat (next to zero growth).
From news release:
"Current field estimated production, post closing of the Edson gas asset disposition, is 11,300 boe/d with
approximately 27% light oil and condensate, 27% NGLs and 46% natural gas"
2013 Guidance:
"Expected production volumes resulting from the year’s capital program will be in the range of 11,300 –
11,700 boe/d, with December month average volumes estimated at 12,000 – 13,000 boe/d."