I find $1.30 unlikely. I listened to the call. Not a lot to be excited about, but nothing to be afraid of either. Its a sit and wait for oil prices stock.
Earnings included a $198 million write down and $22 million in DD&A = $220 million or $2.97 in non cash items. Add the non cash items back to the loss and cash flow looks great for a 50 cent stock.
What's the price target?
Company is doing fine. Market just hates oil stocks at the moment.
Starting to move up. Need analysts recommendations to get us over $1. Looks like 75 cents might happen soon.