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home / news releases / MR - Montage Resources - Forgotten 'Gassy' Gem - Post Quarter Update


MR - Montage Resources - Forgotten 'Gassy' Gem - Post Quarter Update

This is a Montage Post Quarter Update

  • 1Q19 was a partially merged quarter highlighted by a volume based beat, better than expected realized pricing and lower than expected costs.
  • Guidance for full year spending was reiterated while volume guidance was edged higher and cost guidance was again marched lower.
  • Montage is a liquids rich Utica / Marcellus player with ample inventory, a solid balance sheet and a conservative growth plan that targets near term cash flow neutrality.

Issues facing the stock:

  • 1) Outspend / Lack of current capital return to shareholders - we see the

Read more ...

Stock Information

Company Name: Montage Resources Corporation
Stock Symbol: MR
Market: NYSE
Website: montageresources.com

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