Below 0.40...In a post just a bit ago, nopoo said:
"Somebody, besides me, loves buying all they can below .40."
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Yes, I do.
The expectations are so pitifully low for this stock, that anything unexpected on the positive side ought to cause the stock to jump. Negatives? Heck, they are so thoroughly known that the stock may not care about them, anymore. Airplanes already on the ground, don't crash.
When I first got into SWN (then, PAX) two years ago, it was 0.18. Before long, it was $1.80. It wouldn't surprise me to see the stock "ten bag" again to $4.00. And you know what? Even at $4.00, it would STILL be cheap.
When a major finally decides to step up (and one will have to, sooner or later--probably sooner), it may precipitate a truly awesome bidding war.
I know this: Given the fabulous success of SWN's $50mm in drilling and associated work over the last two years, SWN's current $69mm FD market cap is beyond ludicrous. When I contrast that with the stupendous value contained in an enormous ore body that has done nothing but get bigger and richer, I have been unable to stop myself from buying more.
GLTA!
P.S. Hi, onehalf--it was nice meeting you at the Hard Assets Conference. Thanks for your write-up!
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