QR Energy (QRE)
Barclays Energy/Power Conference
September 04, 2012 03:45 PM ET
Alan Smith - CEO
It’s a pleasure to welcome to our conference for the first time this year QR Energy. With us from the company to do the presentation is Alan Smith, QR's CEO. And I'll turn it over to Alan.
Well thanks Jeff and thanks to Barclays for putting on another great energy and power conference. I was going to start off by saying we're not another drilling story you're going to hear about this week but based on the number of people in the room, maybe we should be. But it really is a different story. It’s a story about being able to go out and acquire long life, low decline assets and actually turn that into predictable distributable cash flow. So that's really what we're all about. I think we've been pretty busy since we IPOed a couple of years ago, most of you probably know the story. We have done accretive acquisitions. We've executed pretty well. And so I think we're off to a pretty good start.
If you look at our core objectives. Firstly, we desire to deliver superior operating and financial performance. It's our belief that this doesn’t happen as most of this happens or being able to execute well, having an accountability culture and actually going out and creating value within the asset base. I think our year-to-date results speak for themselves. We have met or exceeded our guidance and have had good financial performance to date.