RE:RE:S/P Loss...Net income/eps is not that relevant for oil companies due to large non cash expenses of their properties.
What people look at is FFO (or more importantly Adjusted funds flow) which came in at 23.2M or 0.21/share which is exactly in line with analyst estimates. Average daily production was also pretty spot on with analyst expectations of ~21.5M (21.463M actual which is really just rounding and considered a meet).
What is nice to see is the start of the royalty sale and further reduction of debt post Q3. On top of that the reduction in operating cost down to 20.3, the drilling of two wells which " are tracking to initial production rates well ahead of our expectations for the play", and the ongoing disposition of the remainder royalty sales. Not to mention a pretty good outlook going forward...
We will really start seing the benefits of this acquisition in Q4.
E.