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An independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas.
Investors should consider selling puts. You can achieve some very high annualized returns at strikes significantly below the current price. e.g.July 13 $7.50 strike at 70¢ has 18% discount and 22% annualized return.
The first put that lost money! Stock closed at $6.20, below the $6.80 break even, a loss of 9%, or 20% annualized.
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