Either that or a wiff of 4Qtr earnings is getting leaked out. Analyst estimates for 4Qtr earnings are showing as +.07. My guess is that is too high. They had lingering production outages at the start of the Qtr due to the hurricane that affected the 3rd Qtr. I'm thinking they will be close to break even.
If they can get through this rough patch (hurricane downtime and drilling cost overages on two wells), I think this should be a good investment. Keep an eye on the Lineham Creek well being drilled by CVX 30 miles to the west. They already have Yegua pay behind pipe and should be entering the Wilcox soon. SARA's Long John Silver prospect has seismic similarities to Lineham Creek. JMO.