Storm reported second quarter financial and operating results that were in line with our and the market’s expectations. The Company has largely reaffirmed its 2H16e guidance and provided a preliminary 2017e outlook that is effectively in line with our prior view. It could accelerate efforts in 2H16e on confirmation of price recovery, and while its 2017e outlook implicitly offers a slightly lower growth target on lower investment than our prior forecast, there should be no surprises to m
16 Aug 2016
Reports Second Quarter Results
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Reports Second Quarter Results
- Published:
16 Aug 2016 -
Author:
Robert Fitzmartyn -
Pages:
7
Storm reported second quarter financial and operating results that were in line with our and the market’s expectations. The Company has largely reaffirmed its 2H16e guidance and provided a preliminary 2017e outlook that is effectively in line with our prior view. It could accelerate efforts in 2H16e on confirmation of price recovery, and while its 2017e outlook implicitly offers a slightly lower growth target on lower investment than our prior forecast, there should be no surprises to m