Clearly under valued stock. the strategy of a large quantity of small well developments is great from a risk point of view, very limited exposure to any one well.
in comparison to other stocks the growth of reserves and increasing cass flow are the hallmarks of good management and great company health. By my calculations it is trading at a forward PE in the 5s. Oil and gas companies that are increasing reserves and production do not stay at this kind of PE ration for very long. This stock will be in the mid ones by year end
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