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Timothy Smith

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Timothy Smith

Re: first1home post# 40

Sunday, 05/03/2015 2:25:46 PM

Sunday, May 03, 2015 2:25:46 PM

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$NE Better-than-expected quarter results driven by three main positive items:

1. Operating efficiency was 96% above average of 93%.

2. Lower operating expenses were $322 million compared to $350 million to $365 million guided.

3. Reduced capital expenditure totaling $89 million compared to $125 million guided (Guidance of $585 million for 2015).

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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