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Why was full year guidance revoked during the CC?

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SandridgeEnergy Member Profile
 
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SandridgeEnergy   Saturday, 05/13/17 04:30:33 PM
Re: None
Post # of 61286 
Why was full year guidance revoked during the CC?

Quote:
As it relates to our outlook going forward, due to the uncertainty of the exact timing of recognizing revenue, we will not be providing full-year guidance.



They say because of uncertainty... but that has always been the case. They gave guidance as recently as a few weeks ago, and we are supposed to believe that they suddenly realized the nature of their revenue recognition?

Takeaway: They are not confident they can achieve their previously iterated guidance. If they were they would have not revoked it.


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