He'll realize it soon enough. Last year their Cap-ex/guidance press release was put out in early Jan. Should be a nice catalyst IMHO. I'm expecting approx 24,000 boe/d guidance as they like to guide a little conservatively. I can't believe even 50% production growth is priced in. JMVHO
The company has had some set backs in production mostly in Niobrara, but that doesn't mean a thing. A rising tide raises all boats, and that's what's going on here. The tide comes from increasing world demand in spite of substantially increased world supply. Meanwhile, the usual big consumer, the US, remains hobbled by Kyng's socialism. This has the constructive effect of creating a stable environment which allows properly positioned producers across the patch to achieve accelerating profitability. We don't see many of these win win environments.