Mexco Energy Corporation (MXC)

[littlefish]

Wish we could get more discussion in here, I don't want to have to wait for June LOL. Anyhow, I am picking up more today at these levels ($4.30 and under). Nice to have some shares available last couple days. Probably from nat gas price drop, but I'm valuing the company based on nat gas prices closer to $8-$9 than $9-$10. $10 is great with MXC completely unhedged, but not thinking very sustainable. Wonder if we'll get a drawdown in this week's nat gas report #s.

Also, talked to CFO and they just had the one well producing apparently for the Q in the recent Tarrant County interest purchase. That leaves some production upside going forward when they get the other 2 wells fracd and running (hopefully soon, I'll let you know when I hear they're also producing).

Personally, I think the company has a great chance at reporting record revs in June. And their market cap is the lowest it has been in years:) Smells like value.
Good luck.