Great results!This morning I went through the financial statements most items were very impressive and I believe significantly above street expectations. Some numbers that jumped out at me:
1. Corporate net backs increased by 28% - very positive
2. Price per barrel of oil $57.36 - very positive and some of that is thanks to the souls hedges that have been out in place
3. Earnings/ share of .14 for the quarter and .45 for the year, increase of 40% and 41% respectively - good numbers that beat most expectations
4. Net loss for the quarter of .06 and for the year of .03. - much better the last year, but this is an area we need to find a way to clean up. Maybe pay down some debt to reduce interest?
I hope the market sees things the same way I do, could be a very goodbye day!
Have a great day!
kid