I like SARA because this one got beat down due to field issues that they have been addressing and I think they are starting to see their production start to return very nice. Plus Their Rocky 3 well is a huge addition to this company. When oil starts to reverse as I think it will you add that to their Production increases they should see their numbers improve very fast. Many of the projects they have now are shallow water projects. These are great because it takes very little capital to see return. As you can see their production is already starting to see big increases as the address their field issues.
"production rates reached an average of 2,155 BOEPD over Q3 2014 as compared to 1,944 BOEPD over Q2 2014 and 1,330 BOEPD over Q1 2014."
They do have debt but seem to be doing a good job of managing it. They have like 30 million OS and 17 million in the float. If we were trading at 2.50 I would be treading a little more careful but at .40 I think its worth buying shares all day long. The are seeing Q over Q rises in gas and oil while expenses are going down. They have seen a 62% increase in daily production rates from Q1 to Q3 of this year. I have been watching L2 the last few weeks and the down days seem to be having large buying. Someone is playing with the share price here. When this one is ready it should bounce back to $1 easy.
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