Honeypot - back inEveryone know i am big into POU, and still am have not sold any. However today i just started buying back into VII generations.
My primary reason is their production costs, they are low and they should have a tremendous quater or two here, so i expect a big bump, unless management miss communicates.
I am hoping that they will immediated produce 180,000 boe because what better time to do it then the heating season.
I also expect there will be a bit of a frenzy in the next two weeks, with gas prices that will just be stupid and my drive the stock.
I am concerned about their condensate production declines, and i am concerned about their extra gas plant, but if they could come up with a creditable plan they could turn around the markets. Maybe they can hire someone that can make sense of it and get the market back on their side.
I hope that VII generations will provide a little fresh honey for my pot.
IMHO