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SM update not well received
Posted: Mon Feb 04, 2019 11:24 am
by bobs
If this news is typical of the Perm doesnt seem good.
Re: SM update not well received
Posted: Mon Feb 04, 2019 5:32 pm
by ChuckGeb
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.
Re: SM update not well received
Posted: Mon Feb 11, 2019 4:08 pm
by dan_s
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.