valuationsI have a habit of being an analytical and historical producers trade in the range of 50000-60000BOE a day times shares for market cap. Commodity prices, sentiment and debt of course are factors. The highist I could find was 150000 Boe/d value of seven gens. They had a market cap of just over 9billion on 60,000Boe/d production a few years ago. Obviously an outlier
So if pipe exits 2023 at 40,000Boe/d at a $50,000 per barrell average and no debt I get
2 billion market cap divide 280 million shares = $7.14 per share 26 months from now
Am I crazy lol