SM update not well received

SM update not well received

Postby bobs » Mon Feb 04, 2019 11:24 am

If this news is typical of the Perm doesnt seem good.
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Joined: Mon Apr 26, 2010 2:32 pm

Re: SM update not well received

Postby ChuckGeb » Mon Feb 04, 2019 5:32 pm

Production within their previously released guidance albeit the low end. My experience is that Wall Street never reacts favorably to any earnings release or production updates.
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Joined: Thu Nov 21, 2013 2:46 pm

Re: SM update not well received

Postby dan_s » Mon Feb 11, 2019 4:08 pm

SM's production down from Q3 to Q4 because of weather and 3rd party facility issues. It should bounce back in Q1. IMO the dip last week was more because of overall sector weakness. SM made a lot of progress this year on their goals and they should be fine in 2019, especially when the Permian pipeline capacity issues are resolved later this year.

Gabriele Sorbara at Williams Capital sent a new report to Reuters this morning (2/11/2019). He rates SM a BUY with a $36.00/share valuation.
Dan Steffens
Energy Prospectus Group
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