Results and Update should be interesting I only bought a few hundred shares in the company. I honesly may not know as much as alot of guys on here but the reasons I purchased are:
1) They are trading at less then 5X 2013 projected earnings which seems really cheap to me.
2) The analysts have been steadilly increasing 2013 and 2014 outlook over the past 6 months.
3) They have massive tax pools so will not have to worry about paying tax on earning for a long while.
The market has this priced as if it is about to go belly up. Surely has it priced for some very bad news. Im not too worried about the day to day price -- might down down to $1.25 might go up to 2$ but im not selling til it hits 3$ (which from what I see shouldnt be too difficult if you have a 1-2 year time frame.
The market hates small energy companies now -- they are all getting pounded but im sure they will come back in favor and this one will be fine. If not i'll ride it to 0 lol