TransAtlantic -26% after issuing 2014 capex, production outlook

TransAtlantic Petroleum (TAT -26.3%) sinks as investors seem disappointed with its declared $88.5M capex budget for 2014 and outlook for its 2014 production exit rate.

Shares are giving back gains from an unusual spike near Friday's close.

TAT expects to exit 2014 with a production rate of 6K-6.5K boe/day (at least 70% oil).

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs