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.