PRE-CONSOLIDATED-$0.778 Please someone tell me I am wrong here ? We are trading at $0.778 per share ? I take $6.62 divide it by 8.5 and I come up with just under 78 cents.
I understood or can understand this even in December. However we are Feb and the company isn't hedged as much so we are getting close to maximum revenue .
No one is really banking on us yet. If things go well , oil stays over 80 and we in June we are worth 12 dollars.
So can someone tel me why no one is wanting to buy it up to 9 dollars.
Patience is what I am told. Am I loosing my mind or is this the best amd last great opportunity in the Canadian Oil E/P. Everyone else has had a pop of some kind some more than others. I say POP in relation to pre covid pricing. We are under ?
Have a feeling the next 2 weeks will prove me right.
I bought yesterday. I paid 6.52. I have a decent amount in this and what I am saying is I believe enough to put my hard earned money on this.
Craig