Now We Know...why the stock has taken a beating. The release blames both weather and poor availability of fraccing for the downward revision of quarterly production to 350boe/d.
But you know what? The glass is half full! We are going to exit 2010 with 800-900b/d which is close to projections all along. And we are going to complete fraccing by January on wells that have been described as very encouraging. And not a word about Montana, which I think is a huge coup for the Company.
The smart money should be buying, not selling. I see blue sky through the smoke, don't you?