For Investors Only: COP Provides an Interim 1Q12 Update

Link to PennEnergy here.

For investors, this is an important update.

Just one data point:

• Prior guidance: 1.55 - 1.60 million boepd for the full year; 1Q12 guidance of 1.62 million boepd is consistent with earlier guidance according to COP.

Analysts will no doubt say that the estimate is at the "high end" of previously announced guidance.