other than that this is way undervalued.
No it will not go back to 40 unless there is a significant event. US driver season is right around the corner, when gas supplies fall further oil will follow. I still do not know where the bottom is..
I was about to post the same comment. The last time PWE was at this level oil was at $40. Currently the look like they are making great improvements in operations and capital efficiency. So the current price is just insane?
Sentiment: Strong Buy
Yes, yes. That's it. Just insane. No other answer. Yep, that solves that. Good job.
Sentiment: Strong Sell
Good I only bought and paid $0.25 for NOV. calls. Next week might be able to buy $9 calls for same amount.