It's a slow motion learning curve now. Still contend that these assets, and many other E&P midgets, are better off collectively in bigger hands. It makes absolutely no sense for all these smallish players to be trial and error learning & re-learning the things EOG, PXD, COP, CLR, HES, MRO, DVN, OXY, etc. have already figured out. Just a waste of $ and otherwise productive assets.
.....We think this is a step in the right direction as it provides the Company with more than enough liquidity to get through 2015, and should improve PVA’s margins. We maintain our Focus Stock rating and $9 price target.