Sunday, October 20, 2013 12:01:50 PM
Well we'll see if any volume develops and await a status on the next two wells that they said would be pumping at the end of September.
Those wells were to increase to 100bbl a day which would make things undervalued.
Also they have a pipeline they sold that they are trying to repossess and that asset is important especially if they can turn it into cash to expand wells.
Otherwise cash flow growth will take time so therefore new wells will take time.
They need a catalyst to attract some interest In the stock.
If they execute this will do well long term I am not convinced the short run will be much different than its recent history. I got in too early but have a solid chunk of shares and am holding for the long term.
Those wells were to increase to 100bbl a day which would make things undervalued.
Also they have a pipeline they sold that they are trying to repossess and that asset is important especially if they can turn it into cash to expand wells.
Otherwise cash flow growth will take time so therefore new wells will take time.
They need a catalyst to attract some interest In the stock.
If they execute this will do well long term I am not convinced the short run will be much different than its recent history. I got in too early but have a solid chunk of shares and am holding for the long term.
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