Added Friday under 38 dollars - A a very attractive yield of over 7%. Almost all crude oil. Have a large land position where they know that oil is in the ground.
They utilize new technology to increase recovery rates on the resource. They have been very successful. Netbacks are over $45 per BOE.
They do tend to issue equity on a periodic basis to fund acquisitions, which is a negative. They are adamant on keeping their dividend up.
Great hold at 37 range in this market