CEI beside this solid development, company just put into production another four wells and expect an additional eleven wells should be on production in the next week or tow. March 2018 acquisition includes 45 wells.. meaning is more news coming + profit margin to be surged sharply ( a debt-free). market cap is simply a joke. should make higher PED move type, if you ask me.
about a year ago : 36 million barrels that's $1.4B. coming into a massive production again but on much solid balance sheet (a debt-free). MC is only $4m, this could see $40m MC easily.
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.