Reasons for optimism Although I'm just as frustrated as anyone with the current share price, I understand that it's frustration that has probably cause the drop in this stock with people just being fed up with nothing happening. Our P/E ratio is at 3.5, and I know ATK just recently became profitable but at least it something. Also, Crescent Point has make an acquisition in every month so far this year other than April and they're averaging around 100k per flowing barrel, our market cap represents about $18,000 per flowing barrel, not including the additional property. Tundra and Crescent Point are fighting over Penn West right now and once that gets figured out I could see the loser of that go on a buying spree, and there's still the strong possibility that Legacy is the one who ultimately buys ATK, but their share price has been hit so hard lately they may be looking at getting their balance sheet a bit cleaner before spending any more money.
Could just be me trying to make myself feel better about thinking how great of a deal I was getting at 6cents, then 5 cents, then 4 cents, and now 3 cents.