The point I'm making is that RFE has about 2 quarters of cash left before its negtive cash flow catches up with it again. This even if they reach their 3000 BOEPD exit rate for year end.
I sound like a broken record bacause I was saying this not long after the last CR.
Its all very well to say that the budget is expanding because of accelerated activity but frankly sometimes you have to live within your budget.
My sentiment was previously "none" out of politeness. Not withstanding any pumping the instos do get their money back, this really has to be a Sell.
RFE Price at posting:
44.0¢ Sentiment: Sell Disclosure: Not Held