Seeking Alpha

Athlon Energy +4% after raising 2014 production forecast

  • Athlon Energy (ATHL +4%) powers to all-time highs, dismissing news of planned stock and senior note sales after boosting its outlook for FY 2014 production by ~17% over its prior guidance.
  • Including the impact of recent acquisitions and better than expected Q1 production, ATHL expects to average 23K-24.25K boe/day, up from January guidance of 19.75K-20,75K boe/day.
  • ATHL also reported record Q1 production, and boosted its 2014 capital budget by another $105M to $700M.
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