RE:Undervalued Oil is back above $80 and yet the stock price has not reflected that at all it just never seems to get over the hump, we have been waiting, waiting, waiting, for all the MANY positive catalysts and any long term holder knows what I am saying. I do believe though once we get through seasonality this year, the US election what with the manipulating of the all American oil/gas price we should finally rerate which is the only reason I am sticking around here at this point.
I therefore think that it may take the rest of this year to get that long awaited rerate, it's tough to compete for investment with the AI revoloution when NVIDIA is making record breaking pricing almost daily .The Generalist investor dollar is all in tech!!!!
Dirty oil which will continue to drive the world for decades to come unfortunatley is way down the list and then there is the small market cap aspect so it is a very tough investment environment, the relativley small dividend is at least something. We have to come to the realization that we need the American investor dollars here, not us small retail, Canadian investment funds.
MORE PATIENCE!!
JMHO&GLTA