RE:Reasons for the UndervaluationAccurate assessment Doug. I would add that another pall over the share price is that the intuitive realize that production levels for Q1 will be quite poor (due to Shell's slackness with Cook among other things) and if the market oversells based on this news, iti will create the buying opportunity of the year. I am getting prepared to add substantially if this occurs.
Honestly, once Stella comes on the production will be ~25,000 boepd which will drive the share price to at least the $3.50 level in short order on its way to $4.00 plus as the quarterlies manifest annualized CFPS of ~$2.00