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There are very few people (James Harris Simons, his hedge fund spends a fortune on transaction fees and it's a big chunk of their profits) and a few big companies (JP Morgan, GS, ...) that make consistent money on algorithmic trading (and from time to time get hit and take a big exposure). For the average Joe it's better to buy and hold, LTH (diversified) consistently outperform daytraders.
By January - March the SP will double.
Next year our call options sold were 20bopd, if oil prices go to 90$-100$ which is doable we could we could have significant profits. Still worth holding or buying for 2025 or 2030 (although hedges for 2023 and 2024 aren't all that great they are just a portion of our production shouldn't be a problem with increased production). Again predictions are pretty worthless nonetheless I put it out here.
It is undervalued but your maths are poor. Undervalued in relationship to what? As an absolute? You mean liquidation value? Or as a functioning business? Under the assumption that oil prices are locked or that it wil go up or down? Or just by some historic benchmark that you print out in your speculative mind? nay it doesn't work that way...
All for 575m. We reduced 1/6 of our debt and 2/3 of our reserves. We still owe 2.3 billion $ and 2/3 of our 2P reserves are gone! Great deal! Another deal like that and we will go bankrupt! But let's not play the blame game.