Ghost...what you gotta love is the 13% short interest. There's an age old game around of shorting the 144a event but in this case it's against a strong balance sheet, and solid management. Recipe for disaster. The stock ran up to $25 out of the gate but got shorted on the liquidity event of the partnership holders getting liquid. It worked at $25 but the incredible build of production, reserves and the over subscribed preferred offering should've been a tip to cover. Marathon as a 50/50 partner on the Palmetto doesn't hurt either. Proving up (derisking) Marquis and Maverick was a complete surprise to the market at large. I think the IPO valuation basically ignored those prospects.
VERY few know about SN relative to the Eagle Ford universe which is great. This company has been private since the early '70's and hugely successful along the way in all environments.