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These are some of my greatest concerns but I believe the stock is fundamentally undervalued at $4-5/shr. Also, the basic business model is good and the management team is excellent.

One other thing I think is worth mentioning is that insiders have not purchased any stock in over 5 years. I agree that the stock appears to be undervalued on paper. But there has to be a reason management isn't buying.

Discl: I also own shares of EGY
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