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26,933 Posts.
3136
05/08/09
20:12
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agree,
for the production, 265++ bopd, and upside mc is too cheap IMO.
13mill mc,
Major contines to reduce, that's all it is.
I dont know when Eastern Advisors capitol plan to reduce to, or exit completely.
Accumulate IMO, always good to pick up the crumbs from a major exit.
Just need to appreciate, that the fundemetals, look not too bad.
Quite possible they can drill around bullseye, and the other structure they refer to and increase prodn.
cheers