Big disappointment because they are holding back the money from the new Wolfcamp wells that were online months ago. As an investor, I'm very disappointed. Natural gas production continues to fall. They better start showing us the money or I'm out of here. So far this is looking more like hype. Downgrade from strong buy to HOLD.
I'm out with a 15% capital gain. Got stopped out yesterday, so I put the money to work in OAKS for the time being. I've traded in and out of NDRO for quite some time now, and I always sell in the upper 13's and then wait to get back in when it eventually goes lower again.
The natural gas production actually increased! The production is for Feb which amounted to 15085 Mcf per day. The previous month was for Jan and amounted to 14922 Mcf per day. 28 days as opposed to 31 days. Actually I am disappointed also, but next month we should see two complete months of production from the Wolfcamp wells. On a positive note with the amount of capital expenditures from the Wolfcamp activity the payout is not all that bad.
Here is the kicker. Yes those Wolfcamp wells are coming on line, but the wells where they have a greater (12.5%) participation are being drilled or completed. The are not free. I expect the distributions to be up, but not all that much. I think the stock price is ahead of itself.