There is no way that the drilling for the last 2 years has been factored into this stock. Real deal if you've spent time in both industries, you should be able to read the information and come up with a price that entices you to buy or pass on the stock. I also could give a detailed description of the oil patch but it doesn't belong here. I merely gave an example of how exuberance will drive a share price. If you've any idea of what happened in the past with economic conditions like we are facing now, you would have some idea of what happened in 1980 to undervalued gold stocks and overvalued oil stocks. Inbox me your phone number if you want to discuss further.