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New Source Energy Partners L.P. Message Board

  • ruby.thedyke ruby.thedyke Aug 13, 2013 7:43 PM Flag

    Not much in the 10Q of interest, looks okay

    It's all GAAP, so the bottom line numbers are pretty much useless, and as for comparables, forget it, doesn't even apply really. Revenue was $10,649 vs. $9,360 as calculated for disclosure purposes for the 3 months ending 03-31. Gas revenues were up, oil and NGL's basically flat. Daily volume was 3523, that's below revised guidance of 3700, looks like they made it up on pricing. Anyway, I can't guess DCF or coverage, but based on the revenue number, it should be alright.

    Still, 3500 vs. 3900-4100 originally projected, that's quite a shortfall. Think anyone will notice?

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    • waiting to listen to the conference call, the volume decline was probably due to the Oklahoma storms, the damage may have been larger than initially expected. EQU lost 170 barrels a day during the quarter to the storm. But, if the production decline is operational, we could be in for some pain, those guys better use our highly valued shares to buy more assets and grow production before a bad quarter hit the stock.

      Sentiment: Hold

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