RE:RE:RE:Bargain days That was very true in the 3q. I think things have changed dramatically but their reputation is hurting. That is why I am buying now. The compan is producing great FFO 38 cents per share in 4q alone. You want to buy when they are out of favor and sell when they are everyone's favourite. The fundamentals are fabulous and recent drilling is a massive improvement over 3q. If you wait to buy them when they are popular again, you miss a good potion of the upside which I believe is a triple from here.
I had a very similar experienc e owning OBE, still do. You could buy the stock by the handfuls at 50 cents because although they were turning the corner, everyone thought management sucked. Here we are 14 months later, trading at over $10.
Management is not as key to oil and gas companies as good assets. This company has them. Check the reserve report NAV number for P2 reserves at $13.80/ share. Compare the stock price with the reserve report on this company and others in the sector. This company is by far the most discounted which means the most upside. It used to be OBE so this isn't my first rodeo.