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Penn Virginia Corporation Message Board

  • stuartcreekfarms stuartcreekfarms Aug 8, 2013 11:07 AM Flag

    Conference call totally positive

    Key points:
    PVA now picking up cheap Eagle Ford acreage as the landowners want their land drilled and PVA can do it and begin giving them royalties.

    PVA will not be raising new money. They feel they can self-fund out of rising cash flows

    PVA expects well costs to decline significantly with lower fracking costs and other efficiencies

    Many analysts on the call asking questions -- a number of them said "nice quarter."

    Very excellent drilling results -- especially recently.

    Hard to see how the analyst would write negative reports after this CC. But I have been fooled before.:)

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