highway robberyAs oil goes up and as share prices of oil producers spike skywards, it becomes ever more clear what is being perpetrated here. Highway robbery.
A 70% premium to the closing price on February 24th is peanuts, compared to what this stock was poised to do. This is a slap in the face for all those who kept faith and invested when the stock was down, knowing this was a good company that would come back.
I hold a lot of O+G stocks. Many are up 10 to 20% since the 24th, and that is just with oil at $35 today. Imagine where they'll be (and where BXO would be) with an oil price of $40? $50?