RE:worth a second read while we wait It's a very good analysis but not totally correct in some if its details.
The question that an astute investor might ask is where can you find a mid size oil producer with a market cap of $170 million CAD, no debt, strong balance sheet, low shares o/ ps , producing 25000 bpd at $22 US per barrel which at $80 Brent generates an unmatched gross margin of $58 US per barrel, a signifucant growth profile, a large integrated production and distribution infrastructure in a highly prospective area which has demonstrated world class reserve renewal, hundreds of millions of forward tax loss pools, historically demonstrated world class investor promotion skills and a world class speculative drilling project that, by itself , has previously brought the market cap to $650 million and a first class management team that is fiscally averse to paying too much for its coveted assets.
Show me a better investment if you seriously can..