1/5 on the way back to the 52 week high.
Ok, I see some have pushed back on my estimate of $20.
Yes, I will admit that's ultra bullish for end of year! We might have to wait until next year or further to see this.
It's fair to assume we won't see that without first seeing the dividend climb back up.
Having said this, don't underestimate management on the way up. They managed this very well on the way down to safeguard the company.
Without the hard decisions of cutting dividends, we wouldn't have had the crash and this great opportunity! It's all good from here!
Easy double then. $10-20 is a reasonable range when oil is back at $50.