Antero Sells Off Despite Encouraging 2Q Ops Data, Creating Buying Opportunity
Antero delivered production of 2.2 Bcf/d (28% liquids) in the second quarter, which was 3% higher sequentially and 25% higher year over year. In response, management has increased guidance for full-year 2017 production by 3% to 2,250-2,300 mmcf/d (our updated forecast is close to the midpoint).This outperformance was mainly attributed to improved recoveries and efficiency, and no additional capital has been allocated. The firm's adjusted type curves and well cost estimates now reflect higher pr...
Antero Resources is an oil and natural gas company engaged in the exploration, development and production of natural gas, natural gas liquids (NGLs), and oil properties. The company focuses on unconventional reservoirs, which can generally be characterized as fractured shale formations. The company's drilling operations are focused in the Marcellus Shale and Utica Shale of the Appalachian Basin. The company's industry segments are: the exploration, development, and production of natural gas, NGLs, and oil; marketing of excess firm transportation capacity; and the gathering and processing of natural gas. All of the company's operations are conducted in the United States.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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