Another ViewWith the keys being production and costs, SDE maintained 26,000 boe/day production but their costs declined 18% as the new operators took over following the recapitalization. Revenue beat estimates and per share CF was sharply higher. With debt running at less than 1X CF, the balance sheet is very clean. Insiders own 21% and the stock is very cheap today on all metrics, even after this year's gains. In summary, SDE looks pretty good.
Just found this comment from 5iResearch which they made last week. Took advantage of this morning's weakness to add a few more. GLTA