RE:RE:RE:RE:RE:Shorts...Low ARO I give you that.
Low operating costs, are eaten up by high declines. whats better low declines with higher operating costs or lower operating costs and higher declines I say its a wash.
The market wants to know their production numbers over the last while, including the last wells so it can project FCF. If they got their ducks in a row on that front this is worth 2 dollars. If not its not worth 1.35. Low ARO and low production costs mean nothing if you can't keep production flat with reasonable Capx
Peters selling is a major concern as these guys know the biz. The shorts are here for a reason.