I must be missing something when I see our sp and think how undervalued it is compared to other oil companies drilling in the US onshore shales. For instance I copied some info from a Yahoo post which I verified myself to be accurate and factual and is as follows...
OKLAHOMA CITY, Oct. 16, 2013 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) ("Gulfport") today provides third quarter 2013 production and provides an operational update.
Production
Gulfport produced oil and natural gas sales volumes of 1,193,808 barrels of oil equivalent ("BOE"), or 12,976 barrels of oil equivalent per day ("BOEPD"), compared to the company's previously estimated guidance range of 12,250 to 12,750 BOEPD.
For the third quarter of 2013, net production was 590,187 barrels of oil, 2,981,632 thousand cubic feet ("MCF") of natural gas and 4,480,667 gallons of natural gas liquids ("NGL"), or 1,193,808 BOE. Net production for the third quarter of 2013 by region was 662,333 BOE in the Utica Shale, 351,171 BOE at West Cote Blanche Bay, 167,520 BOE at Hackberry and an aggregate of 12,784 BOE in the Bakken, Niobrara and other areas.
GPOR'S current share pr is $ 65.00 AND it has 76 million outstanding shares compared to Sundances' 462 million outstanding shares. If one does the math for comparing Apples to Apples, Sundance would be getting at least 5 dollars per share or more with an average BOEPD over 4 thousand currently. Don't take my word for it, do your own DD
Add to My Watchlist
What is My Watchlist?