RE:POU still to cheapIn 2018 when oil was at ~$60 POU posted $225 million in funds flow. However they spent almost $600 in capital spending so not factoring in asset dispositions (They did quite a few at that time), they were not able to generate enough cash flow to sustain their capital spending. However if we use the latest drill &complete costs of roughly $6 or $7 million which is well down from the $12 To $13 million they were spending in 2018 to drill & complete. If they've managed to reduce their capital costs (through lower drilling costs as well as other cost cutting measures) close to 50% that means the $600 or so million in capital they were spending could now be as low as $300 million. As such, if oil returns even to $50 or $55 this year (which admittedly is less than the $60 to $65 They were getting in 2018) I'm lead to believe they will be spending half of what they used to. As such $250 million in funds flow would be enough cash flow to mostly cover their ongoing sustaining capital expenditures. I would venture a guess then that their book value of ~$13 per share is a reasonable valuation by the end of 2021 and if oil goes to $60 or $65 in 2022 that could easily be materially higher. IMO we have still some great upside potential. We don't need $65 Oil to hit some of them. $55 would be just fine to POU.