Stock price when the opinion was issued
He used to own this when natural gas was $3-$4. The equity value of this company is being ground down, day after day. It has to spend money to keep going. Be careful with these small cap names. These will be one of the first ones that banks will require to consolidate due to credit exposures and bank line covenants. A high risk investment.
Likes management. In terms of natural gas exposure, he would put this as number 4 or 5 in terms of companies to own for natural gas exposure. Has done a great job. Good assets, good management, good geological prospects and a good team. A good one for this sector.