RE:RE:RE:RE:RE:4.00$ Now. Lets do this.Thank you for being the voice of reason and standing up to the Wolf of Bay Street! $65 oil means 4 years of paying down debt but the market won't get excited at that and I agree with you that the share price won't increment upwards much from current levels. $65 oil in June 2023 will result in the following share price. Keep in mind we have 568 million shares outstanding. $65 oil is about 400 million a year in free cash flow. That's about 2/3 of a dollar in profit per share. 67 cents in profit per share at a 5.0 P/E ratio is about $3.35. A pe of 6 is about $4 per share, that's where we are. $90 oil is needed to appreciate this, not $65 oil. Even $75 a barrel for three years won't get us much past $5 a share. All these predictions and forcasts of $10 per share are irrational and the data doesn't support it. Wolf's problem is that he is stumping and shilling for the company and not for the shareholder. I only care about the share price and not if the executives get bonuses.
On a side note terrible close today, maybe the insiders know OPEC is going to boost production?