RE:RE:RE:Share price in perspective. John, I agree that this may be the cheapest well performing company I have ever seen. One factor I think contributes to this is an irrational fear of the ARO obligation they hold. In times of $30 oil price and $$500 million debt and undiscounted ARO of $500 million, it wasn't worth much. The reason of course is that in a bankruptcy the ARO would be provided for first in a liquidation as per the Clearwater ruling.
It seems investors still haven't recovered from the near miss of a couple of years ago. They still harp about this monstrous obligation as if it comes due any day now. Outside of a financial crisis, the NPV of this is $50 million. These wells are mostly operating wells and at these prices many that were suspended are being reinitiated.
Countless exchanges I have had with investors though suggests this obligation stands in their way. Irrational but it is causing many to lose out on a great investment.