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Lone Pine Resources (LPR +8.6%) reports a Q3 loss of $0.14/share vs. expectations of an $0.08...

Lone Pine Resources (LPR +8.6%) reports a Q3 loss of $0.14/share vs. expectations of an $0.08 loss, adjusted EBITDA of $27M (flat Q/Q) and average daily sales volume -17% Y/Y and -7% Q/Q. LPR also agrees to sell assets in the Wild River area of Alberta for C$82M and will use the proceeds to pay down debt.
Comments (1)
  • Why isnt LPR rebounding with the news of these new assets sales? Mgmt. has been proactive in paying down debt. increasing production wells drilled, etc.
    15 Nov 2012, 02:17 AM Reply Like
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