RE: RE: Commence drilling this Saturday!!!Mgt are pretty smart, I am liking that they are branching out on their own a little as their hands have been tied with Canbriam in the Utica the past couple of years.
Mendel and his wife have constantly been buying in the open market.
I spoke to IR about a month ago and they let me know the company was looking at some acquisitions. Nothing had been finalized and I had no idea they were looking at oil which I think is a great move in the short term. The main take away I had from my call is I was told the company had been approached on selling the utica land rights and there was no way they would consider right now. There obligations are apparently all paid up for the next 4 years so they can sit tight while the environmental issues are taken care. IMO this will be worth a lot more in 3-5 years and I have no problems letting it sit in the portfolio!