Undervalued6 Mar 2016 07:11
EVO is really undervalued, 848 oil is very good, 2% of that goes to EVO. using a 40% decline rate and current oil prices the well is paid for in under a month should that 848 rate continue on a daily rate.
Baring in mind this is just one small 1" hole with other testing still to be done. EVO is a clear takeover target, currently having a 1 million market cap is far too cheap for a well that can do those numbers and payback in such a short term. This stock could quite easily become a cash cow as things progress.