Even allowing for an idle 3rd rig it is utterly undervalued. I think everyone is putting too much emphasis on the 3rd rig.
Even though they were cautious in their 14/15 outlook, they are still expecting growth greater than 10%.
with PE of about 7 and MC of $90 this is very good value right now.
i have no doubt this will rebound but how far will this idiotic selling send it beforehand is the question
shorting, page-8
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