Why do you think it won't go back up? Is it because of the impending reverse split, or is a Ch. 11 filing coming soon? On the surface, it seems like a good company, well managed and a specialty player to boot using CO2 based reservoir optimization (i.e. extended well recovery and higher efficiency of extraction).
But the industry itself is a disaster with behemoths like Weatherford, Mcdermott and Chesapeake having filed bankruptcy. granted the former 2 are oilfield services so more comparable to Halliburton or Schlumberger and not oil producers per se, but still ... the whole sector is awash in debt and its time to cull the herd.
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