RE: Interesting............... This sell off was due to the fact that market was looking for 43C profit and they reported 39 cents. I was expecting mangement to declare Dividend but it did not happen. Other reason is that they decreased their 2012 capital spending by 150 M.
It is a good company and at the moment all drilling companies are suffering because of low natural gas prices and new drilling techniques like horizontal drilliing which enhances the output. Anyway the time will come when this stock will be trading in 14 $ range in next 5 months. I'm holding my position and will add on dips. It would have been nice if they have declared 10 cents quaterly dividend. Company is making per share 1.20/year and it should be trading 10 times earnings thus share price should be $12. Guys just have some patience, happy days will be here again.