RE: Did someone die here.... 5+ share price was underwriting much higher production than what they're achieving. at current rates (which is close to in line with the 3k they project), they're trading at 5x ebitda. this is after today's share price collapse. that's expensive. look at IAE, GTE, and countless other E&P companies - they all trade sub 4x EBITDA with much longer reserve life than TAO, and much better track record. taranaki wells are low EUR, tough to flow.