A little backround on me is I was a MM for 20 odd years. I worked for TSCO,and WIEN, both have since been bought out bu Goldman sacks and Hudson respectively.
One of you talked about the stock basing and certainly it has. It appears to have real support in this area. It is my belief that the investor attitude is that oil is "cheap" now. It is just a matter of getting used to the new levels.
That of course is flawed thinking from a fundamental standpoint. Oil is cheap compared to what? $70, 80, a 100. But if you take a small oil company like Maverick that has their expenses from contracts and the like at maybe $40 bbl. I would say that would be a nice profitable year for them. This is pure theory on my part, but I think the logic makes sense.
There is also 1 major item I have not seen posted. That is the have an option to buy an additional 14% of the Big Foot Field at $750k. That will put them at 25% if they exercise that option. With the Gasrock funding I believe that option price is probaly half of what it is worth.
As for disclosure I am an good size shareholder in the company, with palns on accumulating more at these levels.