RE:RE:Commentary Listened to the conference call - it sounds like at most they'd need $4M of capex on the rigs ($2m each).
This stock is grossly mispriced!
They can fund future growth from free cash flows if all rigs are operating and they are spitting out $40M of FCF per year.
I would like to see a substantial issuer bid here BEFORE increasing the dividend/returning capital. Soak up some shares from those that don't believe in the story.. that way if you need to tap equity markets 3/4/5yrs down the line the stock price/valuation should be significantly higher