I don't understand why some of you think this stock will be interesting to investors at this point. I am sitting here in West Houston in the energy corridor and I literally have two large office building 100% vacant next to me. The tenant next door moved out in the middle of the night.
The oil and gas exploration industry is not coming back overnight. This recovery will take time, and nobody is drilling any speculative wells until the Saudis and Iranians decide to play ball.
Much of what this company has are gas wells too, and natural gas is dirt cheap right now.
I bought a few shares here, and I am going to forget about them for a year. Use some money that you can afford to lose, and put it out of your mind. One day when you see $80 oil maybe you will win here. All in my humble opinion.