Agree you have to be careful not to pay to much and take care...

Agree you have to be careful not to pay to much and take care when you enter.
Davo has made it pretty clear that MAD is very cheap when you look at MAD's P2 compared to other oilers.
When you compare it to other companies with their main opperations in the US with a similar market cap it doesnt compare badly either on the production front. Even after the rise over the last few days.
From the last quarterlies

MC REV$M Op Cash flow$m

SSN 226 1.726 -11.767

RFE 282 .705 -6.548

NEN 207 3.7 no cashflow report

MAD 203 5.378 +1.012