Post by
Piperdown on Aug 05, 2015 8:10pm
Miss on EPS
Actual was -$.28 and estimate was for -$.19. This might have been leaked as the sp was down massive today before the earnings report after the close.
Comment by
Danny111 on Aug 05, 2015 8:53pm
Obviously the earnings are bad, but does that really come as a surprise to anyone? This stock has gone from 31 to 3 and change. I think there should really be a floor because the underlying assets do have value. Positives from the release are a reduction in net debt and operating costs. The 28 cent loss was pre tax, Net loss was 21 cents which is more in line with the estimate.
Comment by
smarttrader2015 on Aug 05, 2015 9:14pm
Commodity Contracts Term 2016 - 3000 Bbld/d for 77.18 CAD. They are selling it actually for 63.25$. This is an increase of 22%. So keep the stock until next year and you will make 100% profits.