RE: RE: Closing One wonders what is going on with this little guy.
The share price/volume has been most interesting in recent days/weeks. One wonders if its fund accumulation, or something a little more permanent.
As previously stated - I love this story - easy to follow, low debt, and very fast growth clearly forseeable for atleast 2 years.
I am extremely impressed with the forsight it took for mgmt to dump all that gas production they worked so hard to buidlng. It takes sound judgement to exclude sunk costs from one's decison making process - as simple as it sounds, its rarely done.
As far as focusing on spending..........you would be better served to focus on the forecast debt to cash flow ratio...............they are guding an exit ratio of about 0.5 ish............thats nothing
They have done wonders with one drill rig.............now they are about to put two to work........as soon as break up is over, I want those two rigs working every day of the year, with their wells fraced and tied in asap.
They are guding for exit production of 3300 ish.............I've a feeling 3500 is more likely.
I think I'm going to make a lot of money with this one............ and if I'm thinking that, at least a dozen others are thinking the same.