QEP Resources Inc (QEP)

[TRCPA]

It actually spiked to almost $2.50 after the Wells Fargo press release, as the economy also re-opened. That press release was highly significant.

The covid numbers have hurt in recent days, but this is also a highly profitable company during covid with its hedges, so it still should be at least $2-$3/share at fair value now.

Phase III vaccine trials are coming this month, along with additional therapeutics gaining a foothold.

But we Americans have to understand that we must take precautions in the meantime to keep the numbers down. I had a strong hunch that once the weather warmed up, people were going to be dropping their guard. Well, that's what happened. Now its time to get to following CDC guidelines.

Our neighbor to the north, Canada, is embarrassing us with the way they are handling things compared to us.

QEP foresaw a lot of this, fortunately, with their $56 hedges this year. So they should remain pretty strong even with the recent spike in cases.