Doing about 2300 BOE's and think they will average 3600 in 2008, exiting at over 4000. The NAV is about $450. Good management team. Could be a very important name over the next 2 and 3 years in terms of the western basin.
Natural gas. Doing about 3500 BOE's a day. Just did an acquisition of Defiant Resources (DFR-T). With exploration and the acquisition, they should do 4500 BOE's a day by the end of the year. That should give about $1.50 in annualized cash flow making it about 2.5X cash flow and it deserves way more than that.
Great management team with a good track record. Just acquired some companies so they are building up their asset base. From a multiple of cash flow and NAV, they're cheap.
Sold her holdings in the last 2 months. Looking for stocks were she could see some growth and potential upside in the next year. Balance sheet is a bit heavy. Assets are great and management team is first class.