RE:RE:don't listen to analystsBased of the info below you can see LRG never got full prices for their production.
SUMMARY OF QUARTERLY RESULTS (in thousands of dollars, except per-share amounts and as otherwise indicated) Three months ended Six months ended June 30, June 30, 2014 2013 2014 2013 Funds flow from operations $ 73,429 $ 63,227 $ 143,479 $ 111,871 Per share, basic $ 0.55 $ 0.50 $ 1.10 $ 0.89 Per share, diluted $ 0.54 $ 0.50 $ 1.10 $ 0.89 Net earnings 20,842 21,099 27,613 20,272 Per share, basic $ 0.16 $ 0.17 $ 0.21 $ 0.16 Per share, diluted $ 0.15 $ 0.17 $ 0.21 $ 0.16 Dividends declared 14,468 - 27,107 - Dividends per share $ 0.10 - $ 0.20 - Payout ratio 20% - 19% - Capital expenditures 57,330 38,878 158,179 141,797 Net acquisitions 213,716 1,158 210,036 19,103 Bank loan 494,500 327,603 494,500 327,603 Net debt 594,085 343,548 594,085 343,548 Net debt to funds flow from operations 2.0 1.4 2.0 1.4 Production Oil (bbl/d) 12,476 11,471 12,580 11,291 Natural gas liquids (bbl/d) 2,038 1,116 1,812 1,182 Natural gas (mcf/d) 78,524 71,058 73,327 69,297 Total (boe/d) 27,602 24,431 26,613 24,023 Prices, including derivatives Oil ($/bbl) 89.59 81.80 87.73 77.39 Natural gas liquids ($/bbl) 72.76 68.91 78.89 72.28 Natural gas ($/mcf) 4.61 3.89 5.03 3.76 Total ($/boe) 59.13 53.29 60.82 51.26 Operating netback ($/boe) 35.04 32.57 35.76 30.30 Corporate netback ($/boe) 29.21 28.47 29.89 25.75