Daylight, Nexen, Celtic, Progress. These takeovers proved how wrong the market has Canadian producers valued. I'm in pwt and have taken a nice haircut the last two weeks. I'm long and buying more soon, I've got a long horizon and I can take the pain, focus on the div income and avoid checking the intraday holdings on down days makes holding these out of favour stocks easier. This comp has great production numbers. Just no love from the market because of stagnant growth. I'm sure it's been discussed already, but they sold 16500 boe/day for 1.6 bil's and they have 135000 target for '13 exit. Lets value that production @ 12 bil - 2.6 bil debt = 9.4 bil value. I safely value pwt @ 7.5 bil = $15.66.