RE: RE: Press Release - Feb 21, 2012 Press release this tells all: https://www.nalenergy.com/Theme/NAL/files/NAL%20Energy%20-%20Corporate%20Presentation%20-%20January%202012.pdf
The market likes the new deb, gives NAE some breathing room and keeps the div safe for serveral months. But they are taking on more debt. Their challenge is to grow oily production. They claim to have high quality drilling targets, don't know why they didn't drill for oil more agressively in 2011, they seem to be more concerned about financial mgmnt than prod. growth. IMO. If they can grow oily production this year then I think NAE can get to $10. ps. In the meantime, we could prob. inch up to $8 ps.