Decided to hop back on the wagon yesterday. GLTA
(paraphrased) Pine Crest Energy just raised their dividend but the company seems to be flying under the radar. Any concerns and what did you think of the Q3 results?
The stock has run up 145% this year and its MC is now $584M. Despite the gains, it remains very cheap on all metrics, though we would note that results are expected to decline a bit next year. It has no debt, about $43M in cash and insiders own 12%. Q3 was solid with revenue and EPS 52% and 29% respectively ahead of estimates. Production rose 16% to the second highest on record while the dividend increae is a further sign of confidence. (5iResearch)