ROSE had a conference call today. It appears that as a company that have a strong resource base that is scalable which should translate into strong revenue and income growth.
What I found interesting is that income was hindered by ad valorum taxes higher than the going rate by CA because they were underpaying previously.
By the end of September, one should see if the court throws out Calpers claim. According to management, the lawsuit is being pursued because Calpers has nothing to lose by proceeding.
And they are looking for a visible and well respected manager to take the helms as CEO.
And as mentioned natural gas is poised to rebound from here.
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