TuMaRu Friday, 04/02/21 09:12:09 AM Re: ziggy7796 post# 116 Post # of 124 No explanation. Many institutions got stuck with this in the Mar. 2020 drop after OPEC-inflicted damage. If it was truly a mid cap, PPS should've been in $6-7 range at a min, maybe more. But its like an ugly duckling, seems to have some problem. And this goes back all the way to 2016-17. Could not see it trading above 10 at all unless you go back to 2014. So it all comes down to asset values, operational efficiency (read: positive cash flows + investor returns) and prudent management. as you know last 6 years under the "lower for longer / forever" regime, oil&gas assets have declined in value resulting in meager M&A deals for oil companies. And frankly, I don't see oil patch returning to its 2007-08 glory days. Climate activism is one obvious reason, the other is excessive debt they all took leading to value destruction for equity and bond holders. Market has gone nuts over the tech, EV, WFH sectors thru the entire last decade!! And that is after it picked up and recovered from Y2000 dot com bust.