Southern Star Energy Corp fka SSEY

[LSUTrader]

It's definitely been a brutal few days for the energy complex, but surprisingly enough, SSEY might be able to weather the storm better than some of the bigger players like Chesapeake and Petrohawk. They paid $5000/acre or more for leases, while SSEY paid just a few hundred dollars per acre. If you look at the November presentation, SSEY has a breakeven price of about $3/Mcf for cotton valley and haynesville wells.