I think if we can get in the $20's we will see a nice pop on both warrants.
Strike price is about $42 for each. Need to get 50% of the way there as soon as possible.
Also, keep in mind these are 1:1 warrants. Most of them are 2 for one or 3 for one.
1:1 warrants are more valuable for obvious reasons.
LMB warrants really starting moving when we got to 50% of the strike. Think there moved to around .30 each.
And LMB warrants were 3:1.
$42 strike would normally seem unreachable - but these ain't normal times!
I think a huge factor is the institutional investors who have been shunning oil and gas stocks for green energy plays.
Should large institutional investors (and hedgies) move back towards O & G then I would imagine a huge rush would follow.
I have heard in the news that lots of lawmakers on both sides of the isle have been recently "placing bets" on O & G stocks. So maybe that's a "tell" about what is coming?
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