RE: RE: RE: RE: What will it take?NAV with 10% discount is around 100 million I believe. Which is basically the market cap right now. So based on that that market is not factoring in any future increases to 2P.
Valuation based on flowing barrels is also getting lower. I can understand why it'd take a hit from the $1.90 levels it was at but that means that the market is focusing completely on only current production and assuming that shut-in production does not resume, and no additional production comes on. Obviously wrong. There will be growth here, without a doubt, even if it is a few months behind.
Based on the Q4 numbers of 1500 boepd exit, I felt that the stock could have easily gone higher. Depends how aggressive you want to be with calculations. But it didn't, and now we need some additional production to get us higher again.