I will leave the Board forever if this hits $5 this weekThere is zero percent chance of that happening. Best case scenario is debt gets knocked down to 1.2 billion at best following earnings and the stock doesn't go down. No dividend will get announced and no buyback will be announced. With $52 hedging on half of the revenue this is a three year grind to get debt down. Best case we pay off debt in 2024. I just don't see the factors there for a huge turnaround. With oil down because of the Biden news to release the SPR and all the fuss at the G20 oil has topped for the year.
Trudeau's comment about capping oil omissions, OPEC wanting to boost production and Iran wanting back in will put headwinds on the recovery. Covid isn't going anywhere and the third and fourth wave is coming.
After an earnings call the bets you get is 5 percent so maybe we get 20 cents to the upside. If the stock drops 10 cents tomorrow we might get to $4.30 following earnings.
Like I said, at $5 I will disappear. You have to two days to eclipse $5, it's silly to think you will get 80 cents in two days.