Brigham Exploration (BEXP): Q1 EPS of $0.29 beats by $0.04. Revenue of $76M (+158% Y/Y) in-line....

Brigham Exploration (BEXP): Q1 EPS of $0.29 beats by $0.04. Revenue of $76M (+158% Y/Y) in-line. Shares -1.76% AH. (PR)
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  • Merlin
    , contributor
    Comments (16) | Send Message
    A look beyond EPS says this quarter is a strong indicator of BEXP's continued and likely future success.


    These results were achieved in an SD winter that brought other E&P companies to their knees with heavy snow and impassible roads.Successful close space infill drilled wells were completed and successful wells were completed in new territory in Montana, validating that prospect.


    Extrapolating BEXP guidance and analyst projections confirmed by the validation of this quarter results projects BEXP with a solid mid teans future 12 month PE and the platform for continued growth for years.


    Today's price is a steal and I will personally continue to add to my position.
    4 May 2011, 09:12 AM Reply Like
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