Had a joint venture with Chesapeake Energy (CHK-N) and has been going down significantly since. (Caller’s comments.) From a technical standpoint there is a little bit of concern. Chart shows a good uptrend but stock recently broke down through. Wouldn't necessarily sell now but would watch over the next week.
Fantastic company. Principally focused on gas currently. Just came out with phenomenal earnings. 4 o5 well are coming on stream this spring. Partnered with Chesapeake Energy (CHK-N). $13-$14 million in cash and no debt. Analysts have $6-$6.50 and the resistance will be at $6.25.