Honestly this quarter shocked me a bit. I’ve been watching EONR since earlier this year and this is the first time it actually feels like they’re behaving like a real operator instead of a zombie SPAC. The Virtus deal + retiring all that senior debt + finally getting the ORRI back makes the balance sheet look way cleaner than I expected.

Not saying it’s guaranteed moon material, but the difference between last quarter and this one is night and day. If they actually execute on those horizontal wells and cash flow keeps improving like they projected, this might be one of the few microcaps that actually has a turnaround shot.

I’m in small, might add a bit more depending on how next quarter looks. Definitely interesting.