Saudis are trying to make it cheaper to buy from them than to produce here in the US domestically and across the globe amongst other geo-political issues. Smaller onshore USA O&G's that are nimble, small scale production, less corp overhead, ran correctly will make it out of this just fine. IMO this actually benefits the smaller outfits versus the larger ones. The ones that will not are the ones with leases that do not produce, financed upside down with to much debt that can not be overcome. I do not expect financials to look stellar and anticipate that it is what it could or might be. But- I don't make investment decisions based on that soley or my course of action that I take. We do not have as shareholders a daily regiment of healthy share volume here. It's thinly traded which can be a blessing in disguise or a pitfall...depends on how you look at it. But for the bid to be in the .13 range I'd rather see that or less bc it shows me the kool aid drinkers are long gone finally that found this company. The jury is still out on a few issues regarding the shortfall in projected wells in KY. They have potential with Glide-Kendall it would be far their largest out here yet if they were to nail it. If not-then it's plan B and I'm looking as always down the road here 1-3 years not fly by short timer mentality.
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