06 May 2016
Reports First Quarter Results, Closes $100 mm Financing
Advantage reported first quarter financial and operating results that were in line to below expectations, with cash flow lower solely based on lower than anticipated realized hedging gains. The Company will have demonstrated one of the strongest y/y debt-adjusted growth rates in a while, keeping in mind that volumes are ~24% higher than that reported in 1Q16. The Company’s low cost structure remains intact. We have reduced our 12-month target price mildly to $10.00/sh and continue to offer a Top ....
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Reports First Quarter Results, Closes $100 mm Financing
Advantage Energy Ltd (0UG9:LON) | 0 0 0.8% | Mkt Cap: 688.1m
- Published:
06 May 2016 -
Author:
Robert Fitzmartyn -
Pages:
7
Advantage reported first quarter financial and operating results that were in line to below expectations, with cash flow lower solely based on lower than anticipated realized hedging gains. The Company will have demonstrated one of the strongest y/y debt-adjusted growth rates in a while, keeping in mind that volumes are ~24% higher than that reported in 1Q16. The Company’s low cost structure remains intact. We have reduced our 12-month target price mildly to $10.00/sh and continue to offer a Top ....