"5:16PM Equal Energy beats by $0.01 (EQU) 3.50 -0.04 : Reports Q3 (Sep) funds from operations of $0.28 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.27; NGL, natural gas and oil revenues including realized hedging fell 34% to $29.1 mln."
but until the cost information is released that would allow a pro-forma look at the remaining operations in OK as well as the revenue from the royalty interests, not much of a conclusion can be developed yet. And of course no conference call will be held now or has there been a commitment to one at the conclusion of the strategic review.
Good earnings and strengthening the balance sheet but little market reaction. The market must have placed fair value at this level. This does not seem like it is going anywhere. If they announce anything less than .35 dividend this will be where it stays. I agree that they need to announce a conference call to confront the shareholders and analyst.