RE:sounds like....My take is that we are finally free of the traders who were only it in for the debt announcement, and also the people who were really pissed off when they read 75% hedging. I was annoyed too mind you, but it's still undervalued, and the high torque being gone for one year, exchanged for guaranteed not going bankrupt, isn't so bad.
We are seeing a higher valuation from the 'I like companies that don't go bankrupt' crowd now. I figured this is at least a $2 stock at the current levels of investors hating oil still. More like $4-$5 if oil valuations in general made more sense.