IMO the recent increase in the value of MPO shows how DUMB the market is now: chasing after blue-sky and stories rather than actual production and real assets.
So MPO has a market cap of around $150 million and a P/S ratio of only 120 or so......
I guess some people will chase anything with a story rather than one with facts such as ARQ or NAV......
Even ELK has better prospects than MPO (more production too!)
