There has been a lot of good news and Oil is up, so why is SN stuck under $18.50
Dilution. Shares increased 22M to 33M last year. 3M preferential paying 5%. This years $300M funding not clear yet. $50M cash left.
Well, at least we are up a buck and some change from the low just a few days ago. The route doesn't much matter to me, as long as the numbers are looking good towards the end of the year. More and more wells are about to come online....be patient.
How much OIL are they doing per day?
MTDR is doing 5,800 Bbls per day ....$8.84
SN should be doing at least 12,000 per day @ $18.50
What do you think?