I'm already in and hoping for improvement . But I've decided to retain the position as risk /reward seems to favor reward at these levels. What say ye?
Look for natural gas stocks to diminish . Should help the Range.JMHO
IR posted an email day before yesterday outlining how most of their production is already committed to buyers at prices much higher than the current market prices. This is why they continue to produce at high levels because they have very profitable contracts to honor. One can go to the RRC website and look under IR and read the entire communication.
Much of the value lies in their massive proven reserves (under long term lease) and the thought that these are way underestimated .If petrol writ large, improves this is a 100 dollar stock. Plus ,the best management in the business never hurts. Also rumors have surfaced from time to time about a take over because of the incredible asset base . Just my thoughts.
All machines are inefficient and run down. So it is with the body. CVS provides the products to delay the inevitable and more and more machines need this delay. We go up from here.
Company is doing great and missed WS projections by a rounding error. Growth is good and management reaffirmed guidance for year. Deserves to be down 10 % for that? I think not. JMHO