RE:RE:RE:RE:RE:Kavern 23OBE is looking at Q1/22 funds flow around $1.5/share
Annualize that and its $6/share.
$9 is 1.5X funds flow. You are not going to see that very often. When you do, if you sit back thinking it might go to 1x funds flow, you will watch opportunites come and go, while you sit and do nothing.
The above numbers are where we are right now - today.
After Q1 comes out, and we get some guidance on production in Q2 and prices in Q2, then those numbers will get bigger. For example Q2/22 funds flow will be closer to $2 than $1.5. That means annualized is closer to $8 than $6. AND that means the chance of seeing a price in the $8's is even more unlikley.
This trend continues in Q3 and Q4 as production increases (not to mention oil price).