I find that trying to determine what will be reported as earnings for an E&P to be difficult. I have read all the opinions that I could get my hands on and they seem to value MPO above the current price. So why do some companies do better than others with less?
I think that many others don't get earning right either. As a result, they trust "the beat". Companies do well or are punished based upon the analysts assigned to follow them. MPO, as the new kid on the block, probably didn't get the high end talent. Such is life. What I think MPO is going to need to do is some hand holding / steering of these guys into predictions that can be met / exceeded. I find 12 month targets from $5 - $13. Not a great confidence builder for investors that tend to be conservative by nature.
Want to see what a proactive management can achieve? This is a shocker. A dry, NG ( 0 oil) company we have around here. If you want a shock, check out and compare RRC and you will see what I mean.
Chart study kinda tells me that this quarters report is expected to be ho hum. Volume died with the failure at $6.50. With the MACD set to go negative early this coming week, we will be lucky to hold $5.40 which at this point will be yet another buy opportunity.
It's not just management although they are good, it's exceptional geology that keeps getting better. The Marcellus is at 9bcf/d and going to 20 in a few years, the NE market will be overrun with gas. When your break even is