I doubled my position in RER. Look, with $70 oil and $8 gas RER will cash flow at least $4 per share. At 6 times cash flow given those product prices EV= $912 million. Less the debt of $157 million that leaves $755 million for 39 million shares or $19.35 which is slightly higher than current NAV of $16. At $9 this is a no-brainer speculation. What is the downside at this price anyways??? What about the CBM which was valued at $7 per share only 18 months ago?? There is a lot of value here at this price. At $10 gas that $7 per share comes right back into the equation. Everybody hates RER now. This is the time to buy. When everybody loves it again I will be selling.