This stock was undervalued at $30 2 mths ago we are trading like oil is headed back to negative pricing in the next 2 weeks and that our quarter is going to be absolutely horrendous .
we will see . We have perhaps the best hedged book in the industry for at least 3 more quarters and a huge exposure to nat gas .
i thought we were undervalued in January . Today we trade at an astonishingly abysmal 20% of January's price level yet many of our nat gas peers are making new highs on the year - EQT COG etc . They are no better at producing low cost nat gas and no better hedged
way better risk reward here imho but hey Goldman's endorsement still counts for a lot more than mine lol .
glta