As a combines entity i dont disagree, but 2 for 1 would suggest PEM could hit $1.00, but imo i think 3 for 1 would be required so PEM SP may test $1.20.
In all probability i am wrong so i will split the difference at 2.5 for 1.
All in all PEM could test $1.20 or lower.
Current shorting of the PEM SP is an engineering feat to rival the building of the pyramids.