This quarters funds from operation were 27 cents per share. A whole 32% over a year ago. Production is holding up fine considering the assets sales. Two out of three well pads have been drilled at Lindbergh and most of the components for completion of the project have been purchased, on site, and being installed. For a project of this size the 6.7% budget over run doesn't seem to be unreasonable.
Management has done everything it has promised over the last three years and when the market opens tomorrow the stock price will reflex that reality..
Good FFO number, production as expected, drilling going well, 100% success in non-thermal, wow. I think people make too much out of 'market' move down on day of earnings. Many companies report good results and pps tanks, only to pop days or weeks later. Random walk in short term. We're paid well to wait on a double in production (and a double in pps). The naysayers cannot talk me out of my shares.
hard, wonder who possibly is overly optimistic here lol
lstmf is also one of your holdings, now this one performed and has been rewarded.
I am waiting for some analyst reaction covering pgh performance, so far no change. market perform at best.