Striker reported its year-end financial results that were reasonably in line with expectations, apart from cash flow which trailed our thinking on the back of higher operating costs. Recall, reserves were reported in March and were largely flat across the PDP and 1P categories, although were up modestly on a 2P basis. There was no update to the Company’s previously announced strategic alternatives process nor has Management provided any guidance for 2016e. With only minor tweaks to our forecast ....
27 Apr 2016
Announces Fourth Quarter Results
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Announces Fourth Quarter Results
Striker reported its year-end financial results that were reasonably in line with expectations, apart from cash flow which trailed our thinking on the back of higher operating costs. Recall, reserves were reported in March and were largely flat across the PDP and 1P categories, although were up modestly on a 2P basis. There was no update to the Company’s previously announced strategic alternatives process nor has Management provided any guidance for 2016e. With only minor tweaks to our forecast ....