Please read the 10/1 news release from PVA.
The market appeared to take it negatively but to me it seems highly positive.
The company has funding now for all of 2012 drilling and almost all of 2013.
The liquidity situation is no longer such that PVA will "outspend" its cash flow.
And have you looked at the price of natgas recently? If we can hold near these levels for natgas, PVA should be in a position to either put on more hedges or sell additional assets.
I added more at 6.05 Monday.