She's at 5.53 today, Puddy, making me at around +5% on my cost basis plus will be collecting that juicy 10% cost basis yield well into the future... not My Gawd worthy, but not bad for a common investor.
BTW, good going with your PAL call.
Getting ready to buy another 10,000 in my SEP account... selling for 0.29 of book value. These guys are light oil with large netbacks since they get to sell at a lot closer price to WTI.
They do have some serious debt on the books, but could sell ~20% of (currently non-producing) assets and be close to debt free. They do hold a lot of land for such a small outfit. Also, that juicy 9% yeild is there to stay as there will be no more divy reductions.
The only issue I have with them is that the management team is reactive, not proactive like PGH. Unfortunatly, good leadership is a rare quality in the old CanRoy patch. But, getting paid 9% for this guy to "correct" back to a reasonable $10 range seems very safe at this level.