QEP - QEP Resources Inc.: Turning Bearish Post Q1 Report

Investment Thesis

QEP Resources, Inc. (QEP) has taken some prudent actions in order to address the challenging business climate for the company and survive. An apparent focus on surviving their 2021 debt maturities is muddied by conflicting strategy and indifference to the 2022 and 2023 hurdles, should their confidence in meeting 2021 obligations prove true. This leaves investors in a risky situation where betting on survival carries heavy risk.

Reviewing Topics of Interest

Prior to the QEP Q1 report, I highlighted a few topics that investors should look for within that report.