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Bullboard - Stock Discussion Forum Pace Oil & Gas Ltd T.PCE

TSX:PCE - Post Discussion

Pace Oil & Gas Ltd > Anyone know what caused the drop this morning
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Post by iamanewager on May 09, 2012 10:14am

Anyone know what caused the drop this morning

Anyone know what caused the drop this morning?
Comment by cliffvb on May 09, 2012 12:32pm
Earnings came out after the close yesterday. Oil production is up nicely but low NG prices hurt the bottom line.https://www.stockhouse.com/financialtools/sn_newsreleases.aspx?qm_symbol=t.pce&newsid=8506084
Comment by zagorsk on May 09, 2012 4:39pm
         One time maintenance expenses caused a substantial reduction in Q1 cash flow to .31 per share.            Emphasis was on ONE TIME charges.             Revised cash flow estimate for 2012 is $1.80 per share, or .50 per share for Q2, Q3 and Q4.              
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