Averaged down a lot in recent months...I think the worst might be behind us...took this opportunity to average down...still down on my full position but with the reserve report and how the firm is behaving and oil firming up a bit, I think we are in good shape to turn the corner of one of the worst downturns the industry has ever faced.
There is something to be said about being in a relatively safe oil and gas stock amidst such a downturn. PC and his team are going to come out ahead big time. I expect this stock to double within the next 12 months.