The analyst just raised the target to $51 from $42.5. The PE for the incoming 3 years is 10. ABBV just made 421 billion offer to PCYC. The 10X of current price is about $18 billion, long way to go.
We are still in deflation and QE will start to devaluate U$. Yes, it is a buy with many stops as no one know when the tide will change.
Too late for him to sell. I just ride it out. $45 is the low, it was tested serval times.
Current management has no experience in capital market. So, wait until the ownership change, they all will let go. One thing is for sure, the shareholders' value should be increased, not flat forever which demonstrates ignorances.
need BIG Putnam funds to eat all these shorts and let management focus on "ROI" instead of blindly talking about the technology without cash flow impact!
Crude tested $45 and faced strong buying pressure. This is the bottom. Your arguement is more like a socialist. Free oil and free everything. The mission on destroying weak shale oil companies is accomplished. The tide is turning higher price. Keep dreaming you $40 on COP.