phoenix valuation, page-24

Johno......I take it you are in PXG for the ST? This one could still go lower. I take nothing for granted during these times. For me this is a 2+ year hold. They still need to shore up there resources and then convert some of these to reserves. Give this one time. Some early cash flow is great but still a long way to go. LT I am bullish on this one but ST I have no idea.

Good luck