Rebound into Fall and WinterThe SP drop has been brutal.
Expect this to be trading in at least the 0.50's come late fall/early winter.
Come the new year could be substatially higher.
Suspect there will be new oil coming online after they do another vertical.
Current wells should be optimized end of September and will be interesting to see what the current oil revs are after that.
Operating at around a 23% margin. Still better than any other HE players out there.
Wildcard is the 14-23. Suspect there is value in whatthey found just a matter of how much and when they will test and update.
GLTA