ReboundLoad up on pou. This stock can rebound to $60 with oil at $55 usd. They will blow by estimates of 30000 bbl/day. Expect 40000-50000 bbl/day. Don't be afraid that this stock has gone up to $17+. More upside to come.
If oil prices drop, you want to own more of this company given cash on hand. No debt. If commodity prices hit $30s, pou is well situated to weather the storm and acquire more production at distressed prices. If commodity prices rise, then you have more production, great returns on every dollar invested, and cost of production going down. Trifecta means $$$$.