Well, remember they have about 1/3 hedged even for 2012 at around 27....Even thats NOT BAD!
What price? Well, with their debt reduction and summer coming up plus any possibility of more consolidation I say its easily in the mid 20's or higher.. I never look at a company's stock price from a plain vanilla viewpoint...That is more or less how analysts view things.. I try to look out forward and combine as many macro possibilities as I can......Remember, the market today is more psychological than ever before.