SBOW
Nice find. I agree with you the stock is just too cheap and chepest in the nat gas space and is attractive. I bought a very small initial position this week on SBOW. here is what I like.
1) They are increasing production rapidly, and since I believe they will hit the high end of guidance that is almost a 10% sequential increase in productions.
2) They earned $1.12 (Granted that will soon be taxed), but I also take out the gain and losses from derivatives out so earnings would of been $1.25 without it. I'm expecting q4 to climb to $1.50-1.75, so if you annualize $6.00 pretax, hence that is about $3.50-4.00 after tax. A 10 pe would put us at FV in the $35-$40 range.
Conclusion: I will continue to add some SBOW on weakness. I think SBOW is attractive here and the cheapest nat gas stock in the space. All is just my opinion, and I could always be wrong though.