Savanna reported EBITDAS of $30 mm, beating our forecast of $24 mm. The Company also realized a gain of $7.0 mm on the sale of two field
operating locations, which should be viewed positively. The Company’s appointment of a new CEO last week gave little time for the Company
to address a new strategic direction, which we expect will be unveiled in the coming months.
07 May 2015
Savanna (SVY) Announces 1Q15 Results Ahead of Expectations
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Savanna (SVY) Announces 1Q15 Results Ahead of Expectations
Savanna Energy Services (SVY:TSE) | 0 0 0.0%
- Published:
07 May 2015 -
Author:
A. Mark Jackson -
Pages:
5 -
Savanna reported EBITDAS of $30 mm, beating our forecast of $24 mm. The Company also realized a gain of $7.0 mm on the sale of two field
operating locations, which should be viewed positively. The Company’s appointment of a new CEO last week gave little time for the Company
to address a new strategic direction, which we expect will be unveiled in the coming months.