You'll have to find the old post but it was around 1.40 assuming 50% reservation but that was before SE2 and 3. If the reservation is 50%, then STX won't see much of a valuation uplift after the SE result since most of its reserve is contracted domestically. The only remaining large sources of uncontracted reserve is half of WE, and a bit of SE and Walyering. That could change if ED1 and W7 is successful. If domgas policy is changed, OH will be provide the biggest uplift since it will be fully uncontracted.
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