I sold today.
Looks to me like they paid.. At Least 10x sales for current property based on production. Maybe considerably higher if it wasn't 100% Oil production. (iow, dilutive)
Yes they can increase but they Also paid too much for reserves IMO.
So I'm out today, 20.95
Hope you didn't have too many shares. If you sold 1,000 shares at $20.95 you only left $300.00+ on the table. You probably spend that for lunch. ;-)
I nailed actually.
I expect bad things here.
The barrons article I bought it from sucks
These guys are just selling units and buying property at ANY price IMO.
the sht will eventually hit the fan