RE:RE:RE:Looking perkyNo, not crazy hoping it [won't] happen! Everyone is allowed an opinion. But I wouldn't want to be on the wrong side of a Breakout.
I can be a very patient investor & the conditions required for this issue to finally, and properly get past 15 are becoming real.
An "overshoot" is easily possible, hence my $25 call.
NatG has firmed up nicely. The Repsol integrations are largely complete. Further $ savings will come from that. I also don't see any more Divvy increases coming. In an environment of dropping BoC rates, letting Value appreciate without Divvy increases will still - say in one year - present attractive divvy rates WRT the wider deteriorating interest rate floor. This macro reality can present a perfect opportunity for PEY to garner increasing marginal debt reduction(s) without adding balance sheet stress elsewhere.
Big picture is I believe a wider Asset / Value re-rating will occur: PEY is a very respected and efficient Biz. For good or bad, moves to become more recognized by the Street (for eg. new initiations of more institutional Research) will help in this regard.