Journey reported 2Q18 production of 10,036 boe/d (47% liquids), in line with both GMPFE and consensus expectations. Reported 2Q18 funds flow of $5.3 mm ($0.14/sh) trailed both GMPFE and consensus estimates $0.16/sh. The largest contributing factor to the funds flow miss was hedging losses, with realized hedging losses influencing funds flow to the tune of $4.35/boe.
08 Aug 2018
Reports 2Q18 behind, strong Matziwin results continue
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Reports 2Q18 behind, strong Matziwin results continue
Journey Energy, Inc. (JOY:TSE) | 0 0 -0.6% | Mkt Cap: 89.2m
- Published:
08 Aug 2018 -
Author:
Robert Fitzmartyn -
Pages:
7
Journey reported 2Q18 production of 10,036 boe/d (47% liquids), in line with both GMPFE and consensus expectations. Reported 2Q18 funds flow of $5.3 mm ($0.14/sh) trailed both GMPFE and consensus estimates $0.16/sh. The largest contributing factor to the funds flow miss was hedging losses, with realized hedging losses influencing funds flow to the tune of $4.35/boe.