RE:RE:RE:RE:Nice share price action of lateTuco110 wrote:
I get that you don't want to get too optimistic with all the negativity in the Can oil + gas sector, but if PIPE can hit 33,000boe/d while keeping our debt below $175mil why wouldn't we get the same valuation as Kelt($800mil) who produces the same amount and has $400mil in debt?
To be honest, I don't see how we get to 33,000 boed without some more debt or additional dilution.
That is why I have a conservative $3 target.
But that is still a double, and should be achieved early in 2021. That is a great investment in anyone's books. Sure there are "hot" stocks that MIGHT make you a lot more, but they also might lose every penny of your investment.
I am too old to play those games any longer.