Crude has passed above $61 dollars.
The share price of SXY is a travesty, because it's market cap should now be $800m, or 57 cents.
When a stock's share price is so consistently devalued over the years, or depressed, there has to be some other factor at play, but I just can't put my finger on it.
I mean ..... damn ........ if it was one of those market darling stocks, it could already now be around $1.20, because you know how some of those pumped things get so over-valued at times.
It's past time that this thing reached fair value, and I won't except anything less than 65 cents (or $5.20 post consolidation), plus the dividend of course, which could be as much as 8 cents per share, per annum, if all the production goes to plan, and is at the top end of estimates.
Gw
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