RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Oil is the new tech in 2022.
Clown, they also got Raging river assets when they diluted to take over Raging River .
Even with the old minimal dilution they will hit 10$ . Lol, if there was no dilution they would hit 20$ or even 50$ like in good old days of 100$ oil.
Unlucky wrote: At $75 oil the sentiment is neutral. Debt is 1.2 billion. Management has said they will pay off debt and buyback shares before any dividend. I am going to go out on a limb and say this year that only debt repayment will happen. So at $75 oil best case scenario we cut the debt in half. That doesn't excite the market enough in my opinion and keeps us rangebound. The 12 month outlook is very neutral. In 2023 if oil prices stay up then they can tackle buying back shares and only then with the introduction of a dividend will the shares truly appreciate. Not getting to $10 paying off millions in debt with 568 million shares outstanding. The company was massively diluted and can't be compared to when it used to be $10 a share.