RE:RE:RE:RE:RE:We got work to doWe actually don't need oil to trend any higher than $85 for this to double in my opinion.. leveling off between $80-$85 would do it.. and it seems that that $80 handle is holding.. there's too many talking heads on TV (BNN anyway) that poopoo the run to $100 and predict production increases next year from US shale.. IMO those folks are talking their books and nothing more.. the shale producers have learned their lessons and are in no rush to over produce.. so talk of more shale coming on all the sudden is BS talk.. that's what has the stock prices waffling IMHO.. no one trusts the forcasts.. then you have Biden talking SPR releases.. that might work for a week or two but it will be a futile attempt at bringing the global prices down to suit American drivers.. LOL... Oldnagger wrote: Well, right now, I figure FCF will run around $ 6.00 per share per year with current pricing. So for a 15% yield we get a share price around $40.00 How long will it take the market to give us a fair price? My guess is a year. Why ? Paydown of debt, dividend restoration, but more importantly return of inflation which will cause legions of pensioners like myself to abandon their fixed income investments in search of higher returns . 15 % is a heck of a lot better than 1 or 2 %
Once The risk has been reduced a safe 15% will be irrestible IMHO