RE: RE: RE: today yes they have gotten some cheap options, but i have not seen one share of selling- i think in all total that they all bought as a group at least 1.5 million shares.
the facts : higher highs, TA is very bullish, increasing production, low cost drilling ( look how expensive the bakken and the Eagle ford are), heavy insider buying , increasing P1 and P2, around 7 major brokerage firms upgrade coast to strong buy with ever increasing target, strong crude pricing which leads to almost debt free company in the coming months, have some 1.4 million acreas to explore and develop, hits giant gas well onshore and a definite buy out candidate by either a Hess or Chevron or some major hungry China or India major oil!
this oil play offers huge upside potential that takes into account political uncertainty, economic growth, organic growth and buyout potential~ why play anywhere else- personally i think it will be gone by the 4th Q of 2012 @ $35.$40.00 with daily production of 35,000 bopd