Now that the hedges are off and this thing trades right along with the movement of oil prices, MVO is going to be a play toy of hedge funds to bet on the price of oil. The daily movement is going to be wild and the daily trading volume significantly higher.
One thing Mike and David could do however to cut down on MVO being used to speculate ... go to monthly dividend payments instead of quarterly. That would cut back on some of the shorting activity around the stock.
MVO is still slightly overvalued on a DCF basis. I was stupid to not have exited in the low 40s. Costly mistake. We won't see that price again. And 20s are possible over the next couple of weeks.