I can't figure it out. We get penalized for having too much ngas. So the company focuses on EFS and raises liquids content above 50%. Market cap is way below either proven reserves or market value of 80,000 operated acres in the EFS and Olmos, not to mention 32,000+boepd! and $2/qtr cashflow!
Now ngas is spiking so that raises the value of some of our dry gas production and land plus contributes more cashflow. So why are we still sitting here?
It is extremely frustrating. Funds mostly own the stock and they can keep it down or raise it at any time they want. It can be manipulated easy with low volume. so we just have to be patient until they decide to run it up. Good news is there isn't that much down side left imho. hang in bobby =)