Stock price when the opinion was issued
At one time they were a 40,000 barrel a day producer and he would guess that they have probably had 8 quarters of declining production. Abysmal exploration success. Drilled a lot of dry holes. Also, have issues with convertible debentures that they had to push out the maturity of. They are now trying to divest some pipeline assets.
A volatile stock. We have a bottom here but the trend is generally down. You want to wait until it is at $9 to buy. Would get resistance at $15 so take some off the table then.