Production will be up nicely. Realized prices also. CRZO announced strong results and under-performed. Market sentiment has turned negative for the time being on oil and gas stocks.
For this one to rebound back to recent highs, I think they need to announce either more acreage acquired or a third running rig, or both! The firm is sound but richly valued. It took a 20% beating in the last month...but is still up massively over the last year. I am holding through the CC.
"Market sentiment has turned negative for the time being on oil and gas stocks."
I don't understand the oil markets at this point in time as supply and demand and tensions in the Middle East, Europe, Russia and the Ukraine should cause the price of oil and natural gas to go up rather than down.
Yea I expect them to hit the high end of the production guidance..I sold my position today at a loss..E&P companies are selling off after beating earnings recently..Will re-visit once that bloodbath ends..
As a 30-year oil & gas professional I have elected to hold through earnings today. I don't have any connections with the company or insider information. This message board is really pathetic. The guy that is spending so much bashing this stock is an amateur at best. His posts are pathetic as anyone with half a brain would debate the negatives and positives of any given stock without being so obvious that he or she has a short position.