Where we are nowI have been in this stock for for a couple of years now and am still waiting for this stock to get out of the penelty box. I have always believed when it did get out of there it would get ite fair value and this is a huge step forward.
I reviewed the second quarter results and guidance and I believe that this could be transformative. They reported 9K plus boepd pre Valiant and 14K plus boepd post Valiant aquisition. Their guidance remained at an exit rate for the year of somewhere between 14K and 16K boepd.
If I understand ownership right this well will net more than 5K boepd wich could result in an exit for the year of between 19k and 21K boepd.
If my assumptions are right and barring major shocks this stock has a ways to travel up and to the right!!