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Thats what we all want to know. how can there be a revenue and profit decline
Pay attention,when oil went below 90,company stated they would not sell as much,they would rather put it in reserves for a higher price.That was stated a while back,oil in storage=money
Looks like future guidance is not too #$%$! It should stabilize here at about 69.
Sentiment: Strong Buy
And very low production increase:
For the third quarter of 2012, our crude oil and natural gas production averaged 102,964 Boe per day, a 9% increase over average daily production of 94,852 Boe per day for the second quarter of 2012.
9% is very bad news.