RE:RE:RE:RE:RE:Insider BuyingThanks grampy, I noticed morning stars fair value changed. from 1.93 to 1.11. I was like wtf. I also believe another double is possible. Fingers crossed. Imo
Maxmoe wrote: Grumpy grampy knows Morningstar valuations are based on arbitrary assumptions wrapped in a guise of math. They can change as quickly as the stock prices. At $70 oil there are enormous additions to reserves that are just a reversal of the 2020 impairments. Grumpy Grampy estimate is at least $300 million reversal so 60 cents per share. It could be as much as $1 a share. PLUS nobody is talking about the $450 bond refinancing is denominated in $USD! So Grumpy Grampy is looking at at least another $50 or $60 million or 10 cents a share gain from currency gain on the debt unless they hedged it. Now, add in the free cash flow going to bank, and that Morningstar "fair" value can easily double at the next quarterly earnings report if Ath books it now. Sorry day traders but it may not satisfy your instant gratification timeline but at $70 wti, ANOTHER double is possible this year.
Nothingmatters wrote: Yeah dammit. It is frustrating. Fair value according to morning star is 1.11. Oh c'mon.
Mindset wrote: lol dammit