RE:RE:RE:RE:Oil still UPI will dare to put out a number. 568 million shares outstanding is your starting point. If $86 holds that's about 700 million in free cash flow. That's about $1.23 per share in earnings per share over 12 months. At a pe of about 5 that's $6.15, 12 months from now. This is assuming such a lofty oil price. This excludes any concern about the debt. We know more likely oil will average much lower. The company suggests $55 oil. That's 200 million a year. At $65 oil it's 400 million a year. That's 70 cents per share in earnings, at a 5 P/E ratio that's $3.50. This could range anywhere from $1.75 to $6.15 in my opinion. Realistically the mid point of the range is $3.95. I am going to out on a limb and say this ends 2022 around $4.
To truly get a double here we simply need much higher oil prices. Wolf won't tackle this issue because he knows I am right using the P/E ratio of 5.