I stay in for a few reasons
No foreign risk
All onshore so cheaper
They have the 2 basins tied up
They are oil prone basins
They have no debt
They have some $ in the bank
They have cash flow coming in
They have limited shares on issue / market cap
Oil prices must increase
The have long life assets
Quick tie in times
The management team have shown maturity around managing risk and costs of late
On the negative
It is heavy oil so lower price etc, (however they have light oil prospects and the heavy oil is long life)
The heavy oil will become costly when they do steam floods in a couple of years
I stay in for a few reasonsNo foreign riskAll onshore so...
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