Balto, clearly, you should let your mommy handle your investments if you think any company that has lost 85% of its value since 2006 is a worthy investment. Turnaround play? No way and in the meantime there are dozens of energy-related plays that have outperformed this loser.
The reserves announcement is always a good one day story but reality is they have to pay how much to get at those reserves which if that underestimated has historically meant more difficult to get to..... answer to question: Unknown future costs to explore and produce.
You think you know junior. The smart money knows and the smart money never wastes time on POS energy stocks. May as well hitch your wagon to Magnum Hunter or some other American energy POS.
You can pedal that equation to those who buy it !
The post is about as clear or sure as knowing who it was in some random group blowing gas while riding the express elevator with no expression on their face.. Charts do not mean a thing! The company is no longer a Royalty Trust, and if you follow the company guidance statements -- they have made it clear the goal is sustainable yield ---------- not rapid high return = rapid equity bleed down.. Win or loose, it's whole new game ---- just too many shares set loose after the merger with NAL..
If Nobody cares, who are all these players getting in and our,? Who are all these nobodies keep buying tickets as if to harness up and try to time the leaps, as if tied to a bungee cord!
Not only are the fundamentals changed; Old and new assets being managed under a new corporate structure and development plans; Looks to me like traders, long and short, and those who flip flop turning penny moves into dollar profits or looses (based on leverage) ---------- are very interested and having a great time !!
Later on, after traders have had their up down rides; Investors who buy and hold are going to be rewarded, while getting 9% yield as well -- singing "wee wee wee ---- we win too --- all the way home" !!