Mountain, but watch the oil price. It could go down to $85 a barrel. It was around $85 a barrel around year end 2012. If that's the case, all oil company stock will be hammered, especially small cap oil companies. I would get my money ready, including buying MHR or GRH (just because Gary Evans is the chairmen of both companies. I trust him).
Next support is $6.25. These small E&P companies always presents their type curve based on the first few wells drilled on one well per section. Just think, is the type curve going to get worse or better when you have two wells or three wells per section. I would not believe any type curves presented by small E&P companies. Why Shell abandoned these shale plays? They told the truth. The production decline is so steep that these shale drillers have to continue to pump money into the drilling. Once the drilling slows down, the production will be "TIMBER........!" and so goes the cash flow. Then comes the debt.
Speaking of pump hows your #$%$ feeling from this rocketing stock. Finally the longs are the ones bending over the shorts....I'm up 180% on this beast and no reason it will go down in the near future with optimistic initiatives up ahead. Go long or get railed by another train.