I figure they are doing 3-5 million now per year with 16 wells either existing or pending so they will have operating capital to take this to the next level and get some staff hired too!!!! Just based on the 16 wells this is a 25 to 30 cent stock. But who says they wont have 32 wells each within their own section within the next 6 months. With exposure to an additional 512 wells for the big deals when oil recovers. I expect 2016 will be the year for the BIG MOVES!
They are all good points. The reduction in authorization if RS occurs is a very very good point. If not it becomes like any other stinky penny stock.
Maybe holding off on the RS is a good thing. Get a footing first.
The current Shareholders have endured 2 full years of revocation. Maybe we need to firm up a bit.
IMHO we have much more going for it than we did at .03 cents regardless of the price of oil. All worthy of a dime pre split or a $1 post split.
It all depends on how it is presented and what Superior has to show for itself. Debt free is huge with leases IMHO. Potential well counts represents a chunk as well.
Superior had traded at one time in the quarter range with less than it has going for it today. We may be short changing this company. After a RS it could be worth several dollars.
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