Up 3.5 percent To get to $7 that's a 50 percent jump. 3 percent a day isn't going to cut it. At these oil prices earnings are just over a dollar. At a 5 P/E ratio that brings us to about or just $5 per share. Current oil prices might yield a stock between $5 and $6 in 2022 if oil stays above $85 for the year. No more, no less. A $7 share price requires higher oil prices especially with the industry lagging hedges in place. Let's not get a carried away. If you show me numbers that say otherwise I will consider it but wit the current hedges it's the law of diminishing profits at play as the oil price goes higher. Plus, not convinced oil stays above $85 the rest of the year. A run back to
$70 and what do you think will happen? Stay humble because one false step or backwards step can send this spiralling. Just last month Omnicron sent this down 25 percent and long term shareholders lost dollar. This past summer the stock went to $2.60 and was back at $1.70 within weeks. Don't start counting your chickens just yet.