$6 - $6.50 is a fair valuation price i concur. But i find it hard to see any upside for 2017 when there will be no growth and large inventory levels. Does this also mean reduction in staff numbers due to larger inventory levels for 2017. Just a lot of risk for shorts to increase their stake and drive this rock bottom.
Well we all know about SPO when the sp went belly up and its still sitting around that same price after 1 year or so. Just a bad return unless they pay dividends