How many stories will lead with "Earnings beat of 77%"?
Likely you will see - "ECA earnings down 9%", a comparison to Q1 2008 which was a wildly different time in the market and the sector.
Cash flow ws 1.9 Billion which is awesome. But that is down 18% from last year, again under hugely different conditions with markedly higher pricing.
This Q1 2009 was an astounding quarter given everything going on. Let's hope they get a little recognition for it. I'm very happy anyway. Nice to have Eresman at the helm. They run the company to maximize the NAV of each share.