Well done and good timing. I guess it will be end of January before the company confirms the 2013 capex budget - that's when they confirm year 2012 production data. A normal increase in spending for 2013 over 2012 will guarantee strong eps for 2013 and that will open the door for another increase in 2014. Analysts EPS estimates for 2013 are just under $1.50 and 2014 should come in above $2.50. So, in about 3 or 4 weeks when analysts publish their 2013 and 2014 EPS estimates, the stock will trade in the mid $20s.
Good time to buy, markets down a lot on fiscal cliff fears, vix up, oil shares trading at cheap cheap prices. In 2 months time all this negativity will be largely solved. The oil stocks will be reporting great earnings for Q4, the outlook for 2013 will seem a lot brighter with the economy improving again. For sure oil stock prices will be a lot higher. SN will probably be trading at $24 or more.