I think we all agree that TXN is grossly undervalued. TXN has...

I think we all agree that TXN is grossly undervalued. TXN has proven reserves (and some production) on the most valued oil territory in the US (i.e., EFS). No mgt can take away that value; it's built in to the company's assets.

It's just a matter of time before the stock gets rerated back up to where it should be. I've gone through similar with several OZ stocks (oil, gold, telecom) like this over the past year, many of which have rerated upward very nicely (and some like ?TXN that haven't yet). Daniel99's reference to SEA is one example; it was down to 38 cents just before it skyrocketed.

TXN's weakness is that it has only one broker actively monitoring it (RBS), and that broker isn't giving the thumbs up yet (if I read agentm's post last week correctly). This will change with a series of critical events, including new wells, possibly the company split, and other announcements of progress.