Point out the negatives with yesterday's news..... That would justify a share price drop. Negative w/c position rectified, overhang of potential additional equity gone, assets monetized at prices miles above what the market says they are worth and in a roundabout way a production guidance increase given we sold producing wells and maintained previous guidance.
What drives this stock on a very short term basis remains a mystery in my eyes. I will say, i now feel as comfortable with buying at 90 as i did at 40 a while back. Yesterdays sale validates the thesis - this is worth closer to 2 or 3 than it is 1.
Zad