GREY:LSTMF - Post by User
Post by
JohnDDon May 05, 2015 7:58am
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Post# 23693962
Q1 My Take
Q1 My Take
Steady as she goes with some positive news and NO material bad news
Highlights:
1) CFPS of 26 cents/share above the street consensus of 24/25 cents
2) Production at 35.2k a little bit better than the consensus of ~ 34.5k boed
3) LIquids weighting at 76% higher than annual guidance of 74%.
4) Operating costs down by 10% from $13.90 (Q4) to $12.48. That was a pleasant surprise for me.
5) Two high impact Falher wells in future production, so that should help the production numbers for the year.
6) No clarity on the increased hedging. Could this be driven by their lenders and is part of the debt negotiations?
7) Final stages of debt renegotiations, which we will have in advance of the AGM.
I believe this is overall a good news release and as I said, there were no material dissappointments which in itself is good news for me.
I expect/hope we hold the recent stock price gains and trend higher leading up to announcement of renegotiated debt terms.
John