RE:RE:HummIt all depends on the price of the commodity.
Nobody knows what oil price will be over time.
Presently, worldwide demand is still growing year over year and expected higher for 2024.
Also, if there is a shock to the system (wars, underinvestment over time as energy companies are returning more profits to shareholders, etc.), then price goes higher and the well run companies will go much higher as well.
Of course the opposite will happen if oil price goes lower (regardless if you are a well run operator).
Its difficult to put a forecast on stock price if you dont know what oil price will be in a year and beyond.
Same goes with copper & gold stocks.
If Copper goes to $5+ or Gold goes to $3000 oz, then those stocks could double to all-time highs.
himmler wrote: This company has a very low outstanding shares count..that adds to the volatility. I've warned of this a few times but who the "H" am I? lol
I was caught on the upswing back when it was around 2 bucks,but had this company since it began so was glad to make a few bucks...should have kept it longer but it's hindsight...it literally flew to 5 $,but again it's because the low count...doesn't take much to move the stock.
Great company,well run,but ignore the nonsense about it reaching 20 bucks.Itll never happen no matter how many holes they drill.
Oil is not in vogue as time goes on...it'll always be needed despite the " green push"..but oil will never be what it was a decade ago.