Quattro Exploration and Production Ltd QEXXF

Q2

[green24]

OK, so it would appear that Q2 production jumped about 22% over Q1 production.

Net earnings of 11 cents a share in the first half means earnings in Q2 were also up slightly.

Mighty impressive for a stock that closed at 48 cents.

[Jefferam1]

What am i missing? at first glance this seems like steal? 

[green24]

Proof?  Two excellent quarters, but nobody knows about the company.  If they keep raising production and profit the story will get out.  Low 0.25 debt to CF.  11 cents in earnings in the first 2 quarters of the year.  And currently only bid .475.  Enjoy!

[elgaveeno]

2 excellent quarters? Funny. Since the Q2 isn't even out on Sedar yet, I will wait until the real data is out. $16-18/boe net back is about $30 less than industry average. Excellent. Bottom line: missed production target, STILL over promising on Y/E production, taking all the cash and puting it into an exploration well... no corporate governance.

[mickina]

You wine drinker: I guess you were glued to your computer to see the 2nd quarter results so you can make some nasty comments. It must be really imporatant for you to bash QXP despite the fact that you have no investment in it. You must have a lot of extra time to do research on companies you do not invest in. How many other companies you are commenting on what you do not own? 100?

[green24]

They are on Sedar now.  Quit yer whining and buy while it is still cheap!  Or sell and I'll buy more. You complain about the net backs being below the industry average, and completely ignore that 23% of the market cap was just recorded as earnings in the first 2 quarters of the year? 5.5 cents in earnings PER QUARTER on a 48 cent stock isn't enough for you elgaveeno?

[davpro]

Just an opinion based on a cursory look at the financials... but it does look unusually cheap. Unless there is some great hidden liability of which I'm unaware this should be priced significantly higher.... Bought some today.... seems I paid too much or did I? Anyway if it is what it appears to be I'll likely be buying more.

[green24]

Was that because of me davpro? 3-9 days of downtime due to maintenance/inspections in Q2. I don't know if they can achieve their 2500 boe/d 2014 exit rate goal or not.  But even at the current 1525 boe/d average for Q2, it looks darn cheap to me. Looks like the market agrees.  Up 27% now.  I wouldn't be shocked to see it run for a few days.

[davpro]

Yes it was but if you had timed your post for a little later I could have saved a few hundred. Anyway it looks as though some are seconding my first impression. THANKS

[elgaveeno]

Q2 was only $0.02 of earinings. The other $0.09 was from Q1 and that was discussed at length last quarter as they included over $3M of "tax recovery" in their earnings. You will see that they had to put some of that back into the bank in Q2, and subsequently they only did $631,739 in Q2 income.  G&A is up from $350k/Q1 to $500k/Q2. Financing costs are double, depreciation is up

[rknigh2]

- Management has hit Q1 and Q2 targets - Net earnings are on pace for the targeted $10 million for 2014 - Debt is very low - Trading at 50% discount to book value - Healthy $18 netback for a gassy producer - Targeted production growth is liquids (increased netbacks) - Drilling program funded by cash on hand (no fear of dilution) Show me the date when the the assets need to be decommissioned and I

[mickina]

Algeveeno: Your credibilty is approaching 0 on your frequent bashing comments with admittedly no investment in it. Get a life!

[elgaveeno]

Polly want a cracker?

[Brunswick200]

"IdrankTheVino" has gone from slamming production to now hanging his hat on corporate governance. What will you be grasping at next "IdrankTheVino" or should I say "IdrankALLtheVino"

[rknigh2]

It is very cheap. Fairly illiquid and retail driven share price though. Some concern with their ability to replace reserves, but thats the same for most producers. There arent any this cheap with near zero debt and good cash flows. If they do add more liquids production with the drilling program the share price will increase dramatically - i.e. liquid fuel netback increases

[Jonnybgood123]

I recall someone saying after the last news failed to gain momentum that when the Q2 results came out and if they were good, it would be on it's way up...? With the majority of shares being held closely by the company it makes me wonder what is going on.  Who would dump on the opening bell of "good news".  I know youre supposed to sell on good and buy on bad but this is

[Ciao]

After running up to .57 and sitting at .55, someone dumped 23,500 shares at market to let it drop to .49, thus scaring retail investors and keeping a lid on the stock.