Listened to the presentation. Not much new except they had some details & maps on the new blocks they picked up in the shallow GOM lease sale. They have some nice hedges in place at higher prices. I think this is undervalued. Picked up some more today. I think they will have a rough 1st Qtr earnings because of the 3rd party shut down on one of their producing fields. But, I think things will be looking up 2Qtr on.
Anxiously waiting to see what CVX finds at the bottom of Lineham Creek.