LOTM Better to eat humble pie than stick to your boast and loose a good asset. Even with low ball figures of 500 BOPD from horizontals. 10 wells for 100 million outlay would give AZZ around 200 million income annually. That's a no brainer. Debt free in 12 months and $1.50per share cash value.
That humble pie tastes good IMO The ceo has a vested interest to make money. He may not do everything right %100 of the time but I feel this is a good call for the long termers.
AZZ Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held