RE:RE:How low can it go?retireAt45 you will meet your objectives with this stock, and the price of oil will hit sixty dollars again. Look at California 3 weeks with smoke filled skies rolling electricity blackouts, while myself on a personnel basis can't use my boat lift anymore because in Kelowna i can't keep my batteries charged with the smoke filled skies. What kind of power grid is it when everytime you have a natural disaster your lights go out. I think these guys must have cannabis candles to lite their homes and are never in touch with reality, much like trudeau.
POU has amazing economics at karr and wapiti, and interest rates are 1%. So money is cheap, it is all over the place trying to find a home, and POU is just a once in a lifeftime opportunity here. They need to ramp up production, and they will be spinning off cash with a fire hose.
However think of it this way, who would of thought well now costing 7.5 million were 13.3 million dollars just a few short years ago. Old wells are 65% more expensive than the new wells and they still have great economics.
Karr is worth 3 billion by itself and Wapiti is worth another 3 billion. In a world with zero return on money they should be spun off into a trust and could pay investors 10% for the next 25 years.
My price is like this Karr (3 billion) + Wapiti (3billion) + everything else 3 billion = 9 billion dollars/128 million shares = 60+ dollars a share for POU that is the real value the maket is stupid.
IMHO