Interesting note in presentation...2018 Exit rate goal of +1250 bpoe.
That + is our blue sky, our we conservatively think we can achieve this but....Moment.
Since the price rise in August the stock has not sold of. It has not had continued churning volume against big selling. Volume has slowed again, which is ok. If the stock was cratering with volume, I would be worried, but it is not, it is sustaining in a natural trading range right now for the recent run. So I like that!
The movement in the stock. The 25 Million dollar statements on the presentation. The plus sign on the exit rate goal. Are all leading to some fine returns!!
It would be fantastic if this turned out to be a 1500-2000 bpoe producer by years end! That should send the stock triple, or quadruple from these levels! Maybe even higher if Oil is booming again in terms of price at $85+.