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Re: None

Thursday, 06/10/2010 7:13:58 PM

Thursday, June 10, 2010 7:13:58 PM

Post# of 55
DBLE is a mid continent natural gas producer. Their finding costs are close to $1 per Mcf making them profitable even in a low natgas price environment. Q1/10 they earned .47 per share. Their production should expand steadily for several years due to a multi year drilling inventory. Low side NAV for them is 9+ per share.

They are a prime beneficiary of the recently completed Rockies Express Pipeline (REX). This has boosted gas prices dramatically in Rockies/Mid continent area.

Vic