Post by
Seppelt on Mar 03, 2022 9:35am
Q4 released
Production is lower as anticipated but much stronger netbacks due to higher commodity prices. Lower operating cost and interest expense are expected to stay low in 2022 but about $9.50 per boe hedging losses in Q4 should be reduced in Q1/22 and beyond.
This is a 2022 story exiting the year as a much bigger company in terms of production and better financials.
Comment by
GnR on Mar 03, 2022 11:39am
why is this down aren't the results positive?
Comment by
Seppelt on Mar 03, 2022 3:42pm
This stock is down and most of its peers are down because oil is down on renewed Iranian talks. Again, this is a 2022 story. Q1 should be a lot better and that is a two month wait. Most of production growth is planned for year end. Till then, one can hold or trade or accumulate. There is also a possible major transaction no one can predict.