tui is an incurable optimist, but he isn't blindly so.
He is an ex O&G guy after all, so he knows a thing or two about this stuff. He is spot on about NWE and really, just very hopeful of the most optimum outcome likely.
It'll never get to 35 bucks even if each asset was as fruitfully productive as we might all wish for. It will get taken out long before that.
But...the full value of the shale, oil and if puffin comes back online. What would that be worth? I don't know nor car. We won't see those days.