RE: RE: why is EQU up?Company had a major management overhaul prior to financial meltdown, new team has been actively deleveraging and shifting focus to oil and ngl. Q3 numbers show 57% oil/ngl with all new drilling focusing on oil/ngl. Development on hold in Oklahoma property due to legal proceedings re PetroFlow (jv) bankrptcy. Diversified portfiolio and hedging programs in place, CEO seems well focused to manage risk. Converted from a trust, Used to be called Enterra, low market cap relative to peers.
Debt, management and high ng exposure have this stock trading at a discount. These issues look to have been addressed and the company looks well positioned.
Do the 120M in convertable debtentures present a risk?
Had massive drop in sp dating back 5 years, from 80 bucks, what happened there?