Agreed, hold and wait for a couple more rpeorts to kick in before volume returns. Next Q has a tougher comp but the purchase of a royalty interest in the Barnett Shale play (Tarrant Cty) should boost nat gas production near term and also the debt used to acquire the interest is now down to 5.25% so they aren't having to lose as much in interest charges. Of course price of nat gas is much more important.
Not sure what a carbon tax might do to margins on the small O&G players. But I like the safety inherent in this company's structure. Solid BOD too with lots of experience and involvement with ethics so one would certainly hope no issues there.