ASX:AELOil and Gas
Amplitude Energy (ASX:AEL) Shares Wrestle With Record Cash Flow And Big Spend
Amplitude Energy stock closed at A$1.645 after the market had a full day to digest a headline year of record production and record revenue, but also a sharp statutory loss. The short term story is simple. Operationally the company delivered higher output and low unit costs, yet a write off near A$100m turned the income statement deep red.
For long term investors the real pivot is not today’s loss. It is whether record underlying EBITDAX of about A$191.8m and strong cash generation can support...