RE:Support Equals Resistance
I was thinking the exact same thing. This has to be the most frustrating stock I have ever owned and please do not tell me its a long term hold, since I have been long since 2007. 6 years is a long term hold.
In regard to your question: "What's it going to take?"
1] Mr. French must get out there and start doing his job, which is to promote this company to institutional investors. There is a ton of cash on the sidelines waiting for good opportuntities. Surely a stock trading well below its peers and generating free cash flow provides an investment opportuntity.
2] Form a partnership or joint venture, with a major, to develop this massive resource. I do no think expanding our production a few thousand barrels a year excites anyone. Was French not previously at Apache?. He must know a few people in the industry or why was he brought in the first place
From past trading patterns, the stock usually gets a bump in the spring. Let's see what happens then.