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Peyto Exploration & Development Corp. (PEY)
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Super Micro Computer Inc. (SMCI)
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Celsius Holdings Inc. (CELH)
Q: Hi there, may I please have your thoughts on PEY results?
What companies are you finding interesting right now, after their 2Q results?
Any companies unjustifiably being punished, with their shares being sold off currently, that you believe is not justified and will have a good bounce within the next six months or so? ie; seems like WELL results are being misunderstood...hmm
Thanks!
What companies are you finding interesting right now, after their 2Q results?
Any companies unjustifiably being punished, with their shares being sold off currently, that you believe is not justified and will have a good bounce within the next six months or so? ie; seems like WELL results are being misunderstood...hmm
Thanks!
5i Research Answer:
Sorry for the delay on this one; EPS of 26c beat estimates of 24c; revenue of $256M beat estimates by about 2%. Production of 122,299 boe/d rose 24% year over year. Cash flow was 79c per share. Low gas prices continue to impact growth, but PEY's hedging program is helping. We would consider the results good, but the outlook mixed because of weakening prices. Some companies with weaker stocks that look interesting after Q2 earnings: WELL, SMCI, MG, NTR, CELH
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in SMCI, CELH.