Recent

% | $
Quotes you view appear here for quick access.

Penn West Petroleum Ltd. Message Board

  • playforever8 playforever8 Mar 6, 2014 12:00 PM Flag

    PWE earning will beat estimates, and have good Q1 guidance.

    PWE earning will beat estimates, and have good Q1 guidance. The reasons are

    * The management team pre-announced BOE/d number for the last quarter and this year in January.
    This basically is to manage wall street expectation, give them information for coming up right estimates.
    Of course, usually the pre-announced number is the worst scenario. It is quite common that the
    real ERs beat the pre-announced numbers pretty much in all cases( I have never seen the other way).

    * The management has been working on reducing the cost. The cost reduction will improve the margin.

    * The energy price(oil and NG) has been going up, especially in the last 2-3 months. If may not have big
    impact to 2013 Q4 number, but it will have big impact to 2014 Q1 earning.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
PWE
1.14-0.05(-4.20%)Apr 28 4:02 PMEDT