You have to consider all the people that bought in years ago at very cheap prices like a penny. They were up 1000% and might now be up 500%, maybe panic a bit and just sell to lock in some profits. Then you have guys that may think Osage will end up on the bad end of the Revenue vs Loan race, that's the greatest risk of this stock. They've proven that they can locate good acreage, drill good wells and get the oil flowing. Oil prices to me are just a temporary distraction.
To add to my previous argument, it's not necessarily the goal to be at exactly $0 debt. Debt is usually a good tool for businesses and shouldn't be seen as a general negative if it allows a company to speed up production and use it as leverage. I guess my point wasn't that they're trying to get to $0 debt, but to reduce debt enough to be able to pay all bills and not get eaten by interest amounts moving forward; they're is such a thing as healthy debt.
Overall, it's frustrating to see the stock linger at these prices. My buy in average is higher than today's stock price, but it's not a trade for me, it's a multi-year investment for me. I might be jealous for people being able to buy in at these cheap prices, but overall, we will all be happy if it reaches $2+ in the future. That's my bet, anyways.
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