The company itself is still in great shape....the main problem we had was institutions selling the hell out of this thing and taking their losses...and at the low end we have a lot of stop loss orders being filled. It will take a bit for the SP to gain traction again, but once they announce a div cut before the first week of december, investors will have more assurance that they are handling the bank debt and will invest again. Now that all of the operational hiccups are over, and now we have record production, we are in the clear for a great few quarters ahead...Q4 won't be completely perfect, as full operations (7,300 boe/day) did not start till end of october...they're projecting average 7,000 boe/day, which is nice. 

 

I am hoping they announce a div cut to $0.06/month, or $0.72/year. At the current SP, that still yields 18%, which is HUGE!! This will also allow them to hold more funds for CAPEX and pay down bank debt. I will say, however, that once they cut this div to $.72/year from $.96/year, I think it will be quite some time before they raise it again (2-4 years)...That's just my opinion...

 

Peace