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This stock would seem to be undervalued based on their recent oil find. Also, this stock has seen much higher prices before the oil slump--if it reach old levels it would be a nice pop. I bought a little at 24. Stock has trended down since then, I'm thinking of buying more.

One concern I do have is I read of these dividends for preferred shares for OIL. Who holds the preferred shares and how much of OIL's cash is going to paying these preferred dividends?
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