I think the market gets it spec, it is just factoring in Risk of failed drilling and discounting future cash with a bit extra on the side for drop in oil/gas price over many years.
I find the stock is worth about $1.50 as is. Normal market fluctuations around that would see $1.15-$1.90ish. I'm probably a bit optimistic amount of my fair price, so if it was $1.30 fair value then $1.10-$1.50 would be a normal range.
Anyway, we shall see next week what the market thinks, a bit of positive early news on drilling results wouldn't hurt :D
DLS Price at posting:
$1.21 Sentiment: ST Buy Disclosure: Held
