If it opens at $11.90 that would be like $17.85 pre-split. That would be an awesome pop. I'm not holding my breath haha. I am bullish. I think its just too cheap. I think $16 per share post split is possible by election time. At $16, it would still yield 2.5%. That is not bad in a low yield environment.
I think alot of money are on the sidelines until Q1 comes out as management has given little guidance due to supply issues and revenue impact from rig relocations. However, I think these issues are temporary and the long run outlook is bullish IMO.