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[QUOTE]Originally posted by jagman925: [QB] For nasayers who believe this TD quote - "Based on their Operating Profit Margin and Operating Profit Margin, SNRV has a cost structure that eats up a percentage of its revenues that is among the highest of any company in the Oil & Gas Operations industry. To make matters worse, the company is losing money on an operating basis." My answer: Boo 'freakin' Hoo. Duh!! They used to be 99% natural gas production, however - They can Operate almost indefinitely on the Land Assets they already own outright buy selling leases or parcels they don't need. They are 'sitting pretty' as they say. But they've been 'pro-active' as well and moved to Oil. Oil production is starting to ramp up and even up their balance sheet. It's the same move Chesapeke just made, just on a little smaller scale and they've leveraged much, much less of their assets as a percentage than Chesapeke. The more I read, the more I like....!! [/QB][/QUOTE]
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