Update on Undervalued Small Natural Gas Producer With a 10%+ Dividend Yield

The stock has risen sharply, more to come?

Since my last write-up on this stock, Undervalued Small Natural Gas Producer With a High Dividend Yield (10%+), the shares have outperformed the broader energy sector, as measured by the XOP ETF.

The company recently announced a strategic shift to unlock value that has important implications for its future, and the stock has risen on the news. My full thoughts are below.