RE:RE:RE:Anticipation of Q3 ResultsTrader60 wrote: Read what IR sent top HB before you get yourself tied in a knot:
Hi xxxxxxxx, analyst consensus has full-year capex at $1.279 billion (our full-year guidance range is $1.2 to $1.3 billion). At this time, we expect third quarter capex to be pretty consistent with Q2, in the range of $340 to $350 million with fourth quarter capex of $165 to $175 million. The drilling and completions program is always being tweaked so this is subject to change as the balance of the year unfolds.
Before you write, think, research, but I forgot, nothing in your brains,...
GLTA
At the last CC, the company clearly knew that remaining capex would be heavily tilted towards Q3.
Why wasn't the guidance provided then? It was less than a month ago but also 1/3 of the way into the quarter. They clearly knew what the situation was.
The guidance they provided was 700M fcf heavily tilted towards H2.
That's kind of misleading if they knew the fcf was heavily tilted towards Q4.
Tell a story. Kick the can down the road. Same story Q after Q since Greagher arrived. The funny thing is he sounds so passionate and honest when speaking