I own Cubic and continue to buy thinking one of these days people will realize this lil gem is sitting on an enourmous amount of reserves with steadily increasing production. For whatever reason, they don't seem to think it is worth owning.
Ceil b/c the Niobrara is going to be the US's largest Oil play. SSN will be over $5. 71M in cash, o debt, 2 wells coming on-line.... A few big ones already producing like 500 barrels a day. A overide on royalties with Chesapeake and a overide and JV with Haliburton. I don't care if it is already up 1000%, it is undervalued.
Guys don't chase SSN go with it's mirror image SDCJF.pk(78)and ETKEF.pk (19). They haven't run nearly as far as SSN Check out SDCJF (Sundance Energy) same Niobrara location and Haliburton is the JV with them also. This one is just getting on the radar. ETKEF is a no brainer at .19. I let SSN go and bought the other 2. I will buy into QBC after the shoulder season sell off, I have been watching this for 2 years, it never holds it gains but is good for a 50% bounce 2x a year. HK ever going to buy them or XCO, just rumors????? Check out the boards on the other 2 stocks I gave you plenty of info there, same people own them as SSN. GL.
Not sure why everyone is bailing out of QBC. I think it has quite a bit of potential. Seems like they are lined up to continue adding production as wells are brought online. Still have plenty of drilling credits.