RE:Insiders Continue To Add Quiet board maybe but the company is rocking and following the plan.
- productionis moving up strongly
- prices are great for everything- strip gas prices are the best in a decade, oil is above 80 dollars and liquids are also strong
- they didn't dilute shareholders at all during the downturn - no drama with their credit lines like most junior producers
- THEY ARE ALMOST COMPLETELY UNHEDGED. So they are getting top prices
- drlling results are solid - the last oil wells are tight holes, so no info to the market or competitors for 12 months
- no need for spending on gas plants
- well abandonment obligations are under control so no drama there
- costs still under control for drilling
- a dividend is coming next year
- according to Nuttall's methods ths company is trading at about 60% free cash flow yields in 2023. That means the stock should more than double to reach average market valuations.
6BM
six bucks by May.
luck!