Sector Underperform

  • 9:11 PM

    On Wednesday, Savanna Energy Services Corp. (SVY: CN) reported solid first quarter results. EBITDA of $29 million was 8% above our $27 million estimate ($26 million consensus). Cash fund from operations of $26 million was 7% lower than our $28 million anticipation. The significant decline in oil prices leading up to and during Q1 2015,

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