topadvisorI am also one of the few who have been here for ever, got in at 3$ during the buyout offer in 08. And averaged down in a big way in early 09 at 32cents. Have not sold a single share since. Waiting for............
22000bpd x 85$per barrel (todays profit price) =1,870,000$ profit per day
1,870,000 x 350 days = 654,500,000$ profit per year
654,500,000 x 5 (cash flow multiple (decent one in my opinion)) = 3,272,500,000$
3,272,500,000 / 255,000,000 (oustading shares) = 12.83$ per share.
Once we reach that value in 2012 to 2013 I will re-evaluate my position here. Until then holding long and strong.
Once we manage to break this 3$ resistance point 4$-5$ will be no problem at all. This is the third run at 3$. 3rd times the charm???????