Replies to post #65875 on Savvy Trades and Investments

[researcher59]

REI +.35 to 2.20, impressive rally. Adj EPS of $0.12 met analyst estimates, but cash flows were better than expected, which is what a lot on investors are focussed on -

I've been a seller today, but will buy back on another dip.

PR -

Considering cash flows from operations, excluding changes in assets and liabilities against development capital expenditures during the period, we were approximately $2 million shy of reaching cash flow neutrality in the third quarter. Further, we continue to firmly believe that at a $50.00 per BOE received price we will attain our goal of cash flow neutrality by year end.”