The issue Neilie is that future production cannot be estimated with any confidence. Will it be down again for the June Quarter? 2,000 bopd seems like a dream at present. Interestingly, the price premium for their oil (over WTI) appears to have evaporated. Whereas they were typically getting around 8-10% above WTI, they now appear to getting around the WTI price. Does anyone have an explanation for this? What am I missing?
FDM Price at posting:
27.7¢ Sentiment: None Disclosure: Held