RE:RE:RE:RE:RE:At $50 a barrelwelcome aboard fully
It screened consistently as number one or two of the cheapest smid caps on Nuttalls charts before he removed names he did not have an interest in.
Last quarter really showed what it could generate around a 100.00 average oil price. Trading around 1.1 to 1.2x cash flow. Declien rates are half of most of its comparables.
The irony on this one is these guys actually followed the business plan analysts have been pushing for during most of their existence.
The stock is a bit thin so when one of the Insiders - Oberndorf decided to cut back their position it had a bit of an outsize impact on the price. It really set up a great entry point.
I expect an awesome fall. Guess we will see.