RE: Missing The PointBang On.
this stock is not going down. They are ramping up production - net ~ 7700 bbl/day * 35% hedged at USD $77/bbl = ~ 200k USD / day. Bigger numbers to come as the upgrader starts to run everyday of the month and more wells are on production.
My caveat are the wells. Same problem for 6 months. Not to sure why the operators cannot boil water or if there are resevoir problems. But, more steam is being put in the ground too.
These guys are not going to be bought out anytime soon either. Who has the cash and who would Nexen want in thier sand box?
As for long term stock price, industry norm for pure oil play at annualized ~ 10,000 bbl/day. I estiamte $7-$9. That may be by end of Q2 if production ramp up stays on track.