PostRock Energy (NASDAQ:PSTR) describes itself as "the leading producer of natural gas in the Cherokee Basin of southeast Kansas and northeast Oklahoma. The Company owns a small but growing number of oil producing properties in Central Oklahoma, as well as over 400 oil and gas wells in Appalachia. With a philosophy of disciplined financial planning, rate of return driven capital investment and efficiency in all activities, PostRock is positioned to pursue long-term growth opportunities and the creation of meaningful shareholder value."
This stock has been hated since it started trading in 2010. Shares have fallen from $12 to less than a $1.50. The market is penalizing the company for previous management's mistakes and misses the transformation taking place....
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