I agree with that sentiment, but I still feel there is more stock to be shifted.
Furthermore, I think even the natural holders of this stock have been hurt in the current market, and they will sell into any increases.
That aside, I do totally agree with you on the fundamentals. And they still have 3 more gas wells to drill. From the look of it, they could easily exceed the 20bcf upper range target. 40M of net pay is quite big in gas drilling terms. All we need to see now is how it flows, although with gas in TGurkey reputedly at US$10mcf, it doesn't need to flow too quickly for them to make some good bucks.
I can ddefinitely see their 2009 dividend getting bigger.
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