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
Even allowing for an idle 3rd rig it is utterly undervalued. I...
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