RE:RE:RE:RE:RE:RE:Mr EstevanEstevan, as I've repeatedly told you, you don't understand the financials. Otherwise you could do as I have and hold a large ATH position and sleep just fine. LOW net debt. Look at the cash on the books. Look at cash generated from operations when you remove depreciation. Look at how little maintenance capital is required. Look at the restricted cash. It doesn't get much lower risk in a rising oil environment. Value is what you get from the price you pay. The market cap is STILL only $320 million. That's silly for a low net debt low-decline producer with 90 YEARS of 2P reserves worth after-tax discounted at 10% $4 billion using last year's price forecasts. The PROVED reserves are worth $2.4 billion discounted 10% using last year's price forecasts.
With low net debt that can be paid off in full, what do you think a fair market cap is? Maybe $2.4 biillion? That's almost EIGHT TIMES higher than the current share price!