Interesting view of US Upstream Oil Sector, page-3

Buc, cmnaussie

I just realized, that SSN does not fit into this description at all.

I´m sad now. Anxiety is taking a grip on me again. Yikes.

Shareholder equity is greater then their debt.

We are f..d..IMHO...

Let us all cry...

How was shareholder equity in relation to debt in march 2011 when the PPS hit 47.50$ and the production rate fluctuated around 250 BOEPD -and a marketcap of around 400,000,000$?

Oh, I remember -THEY DID NOT HAVE ANY DEBT at that time-

Now I am even more sad, because I understand that 8 million in MC might still be overvalued?

Do I get it right?

c