Impact: Negative in the near term given production and cash flow for the quarter that slightly trailed our expectations coupled with the dividend cut and reduced outlook for the year, although given the current state of commodity prices we view the moves as prudent in order to ensure the longer term sustainability of the business model.

13 Aug 2015
JOURNEY ENERGY INC. (JOY) REPORTS SECOND QUARTER RESULTS, CUTS DIVIDEND FOR THE SECOND TIME, AND REDUCES 2015E GUIDANCE

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JOURNEY ENERGY INC. (JOY) REPORTS SECOND QUARTER RESULTS, CUTS DIVIDEND FOR THE SECOND TIME, AND REDUCES 2015E GUIDANCE
Journey Energy, Inc. (JOY:TSE) | 0 0 -0.6% | Mkt Cap: 89.2m
- Published:
13 Aug 2015 -
Author:
Michael Hearn -
Pages:
3 -
Impact: Negative in the near term given production and cash flow for the quarter that slightly trailed our expectations coupled with the dividend cut and reduced outlook for the year, although given the current state of commodity prices we view the moves as prudent in order to ensure the longer term sustainability of the business model.