Prediction problemWhen anyone predicts an oilco share price,either on this board or on media it's a fools game.Targets are actually outright dumb and should be ignored..predictions are usually a year out,and much can happen in that time.Buying this stock at $6 and reading absurd predictions of $20 upside ,in hindsight only led to people on this BB believing it and now are under water.And probably more bad news IF ,indeed we go in a recession.
Having said that,this company will still do great in the long run..they know how to survive....but if oil drops,it makes zero difference how good the well results are.But be very wary if the results are bad...low share count=equals extreme volatility.. thats what led to the meteroic rise of KEIs stock in the first place(with accusations of share manipulation)...it could just as easy fall the same.