Michael Blair writes about a long shot. The company has bought a rival to create a lot of increased production, and a lot of interest cost (because the purchase was financed with debt). If oil holds up at $75/barrel, the acquisition works and in 2025 the company becomes strongly cashflow-positive. It'd be interesting to know what happens if oil goes down to $40. If one is bullish on oil, the stock looks a bargain.

2023-4-17: seems to be moribund now