Marquee reported fourth quarter financial and operating results that fell short of our expectations. Its 2015 year-end reserve book was positive however, as is an updated NAV view on our price forecast ahead. The Company’s stock remains a compelling potential investment, exhibiting significant financial and operational leverage on crude oil price recovery, though may be too illiquid and too risky for renewed institutional interest as it moves downmarket looking for potential vehicles to invest i ....
08 Apr 2016
Fourth Quarter Trails Expectations, Offers Lower 2016e Guidance, Underlying Michichi Resource Opportunity Remains Intact
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Fourth Quarter Trails Expectations, Offers Lower 2016e Guidance, Underlying Michichi Resource Opportunity Remains Intact
Marquee reported fourth quarter financial and operating results that fell short of our expectations. Its 2015 year-end reserve book was positive however, as is an updated NAV view on our price forecast ahead. The Company’s stock remains a compelling potential investment, exhibiting significant financial and operational leverage on crude oil price recovery, though may be too illiquid and too risky for renewed institutional interest as it moves downmarket looking for potential vehicles to invest i ....