RE:Maybe most downside risk is gone from PennTheBiggestWin wrote:
So if one has a favorable cost basis, then what is the upside. Being half way through 2017, one should 2 views of 2018 production based on the oil price. Going with 40K BOED as a 2018 exit rate which is aggressive and say WTI$55, how would you value Penn a year from now ? I have a number but want to see others first.
WRONG BOARD, MAYBE NEWBEEE1 HAS THE SMARTS TO THROW A NUMBER BUT HE'S OUT TO LUNCH, CHECK IV OR TRY $2.50 USD.