RE:Thinking of getting in to this stockI am feeling very good about the year ahead for this stock.
Oil is sitting near 5 year high levels and I expect demand to only go up as omicron eases and travel, both air and car, ramps up for spring and summer breaks.
This CEO and management are making all the right moves with debt reduction through the selling of non-core assets and streamlining of the business along with shreholders returns with share buybacks and cancellations and dividends. I am expecting some kind of a dividend announcement with the Q4 / 2021 YE earnings report be it a special dividend or a raising of the existing one or both.
Average share price expectaions are sitting at above $21 CAD in 12 months which is over 20% of the current share price.
It is currently trading below fair market value estimates and does not suffer from the same seasonal price swings that NG producers do so you can wait for a dip, that I am not sure will materialize, to buy but a major pullback from here is now, I believe, out of the question.
All of this is my opinion only.
Please DYODD and GLTY and all longs.
Bombastic2018 wrote: How you feeling about year ahead.