RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Any opinions on support level? Timing?At two x cashflow I don't know how PEY was overvalued, maybe based on current market sentiment for oil and gas.
One comment on the IV board was that the funds sold down everything in the options markets which basically took all boats down in the lower tide.
As far as I am concerned this just creates more pressure to the upside eventually as oil is real and no amount of financial instruments will alleviate the supply shortages and coming peak oil levels.
EV's are one thing but heating homes and businesses and making products out of oil and NG or for farming are just increasing more and more. You can't replace fertilizers with solar.