Post by
canon12345 on Apr 29, 2021 9:19am
Rising WTI
There are few if any companies that will benifit more from the rising WTI price then ATH. At a share price of $.51 and $65 WTI there seems to be a large disconnect between the Market cap of this stock and any realistic valuation. If WTI continues on its ascent to the $70 range and beyond the disconnect increases exponentially. While the debt issue and forced hedging are an issue, once these two issues are resolved (I believe in the next 6 months) this stock becomes even more undervalued. If you are a believer in WTI climbing to $80 by year end (as many have forecasted) it would seem unlikely this stock should not at least test the $2 level by then and still be undervalued at that price. There seems to be some large positioning taking place in anticipation of this stocks run up and this stock could explode at any time IMO.
Comment by
Mtklip on Apr 29, 2021 12:53pm
Absolutely, they're trying to keep this puppy down as much as they can so they can tire the retail out and snatch cheap shares.