Re: 52 Week High I have been long on Pieridae so am happy with the bump. That said, after comparing PEA financials with Pine Cliff (PNE), I'll be weighting more towards PNE. While PNE has about half of PEA's production some keys stats (approximate) are:
Net Back per BOE: PEA $7; PNE $17
Debt: PNE has ($24M )1/10th of the debt of PEA and PNE anticipates paying off all debt in a few months. PEA will continue to pay its debt lip service.
Dividend: PNE has a 5.25% dividend; PEA 0%
IMO PEA is getting attention not only because of NG prices but still unfortunately the LNG Project which will never proceed with PEA at the helm. From the governments perspective it is a non starter because of PEA's debt level and abandonment liabilities and Shell deal issues.