Anyone do any calculations on this? Correct me if I'm wrong but the PV-10 puts this sub $10 and the reserves constantly seem to be getting revised down. I know its likely those reserves will head back up now that gas is above $4 but can it possibly be enough to justify this $25 price? Anyone care to elaborate on why this is anything besides another WHX/ECT dividend trap? Thanks.
Thanks as always. I went through some of the links but saw nothing about MTR specifically. A little about SJT and they had his mcdep ratio close to 1 for MTR. But that doesn't really answer the question about the reserves running low. I did see some mention elsewhere about the estimate being very conservative but its still a scary thought to buy this for its NG only to see its reserves not able to provide value.