RE:RE:hate to say itOn a P/E metric, a 4.3/1 in a 12-13/1 average market equals $1.60x ~3 = $4.80. What happens if earnings rise? Then the P/E ratio falls and, theoretically, the stock price rises.
This scenario is only one metric, based on the financial oil market, but all indications are for a multi-year bull market for oil and the idiots in the anti-oil segment are going to guarantee it. Thank you, Sleepy Joe for refusing to accept reality in favour of political brinksmanship. The blue-eyed oil sheiks of Canuckistan salute you.