RE:Overvalued, undervalued, just right?The math is really simple. The company generates an addiitonal $70M a year in free cash flow for every $5 increase in WTI and has a $43 breakeven. Next year without hedges that would be roughly $420M in FCF for a company with a market cap of $467M dollars.
The stock is rediculously undervalued under any sort of conseivable metric but why haven't they completed a refinancing yet???
Seriously just get a deal done and this stock will skyrocket! Who cares if you pay 10% annual interest when you can be debt free in less than a years time. Just get a deal done already!