Opti mismanaged themselves fiscally, and greatly.  This is now trading at a 10% discount to cash.  You get the tech, 350/boe/d, and existing acreage for free.  Funds and others who were invested in an major oil and gas producer are no longer hence they sell out at any cost - as you are seeing now.  it will fall to where the last share is needed off some funds book.  If you have a time horizon other than tomorrow then you can get a nice return from the .92 cent level.  That's investing, if you are trading then you win some you lose some.