Another milestone for the $$N boys (TB and co.) derisking the initial play with a JV on free carry development and orri. The boys are now rubbing elbows with the BIG BOYS (CHK, HAL) to prove the Niobarra assets.
Posters are now arguinng about full valuation against stock price and for me as LT, it does not really matter as the business is doing well (more production with bakken, orri from CHK and new development on Niobarra, the $$N boys is busy running the show).
It will be interesting to see the stock when the dusts setlles (or will it ever be) as 2011 is a busy year for the business (no debt by mid year) and continued business development in the two O&G plays in the US.
'The more you learn, the more you'll learn.' - WB
SSN Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held
