Time to lock n some hedges.
Pick up some more property before everyone wants to hold on.
And increase guidance.
The forward P/E ratio must be very low now given today's prices, and prices in the forward market.
Do you know for certain if PXL prices its rail shipments off of North Sea Brent, or is it some other price? I once heard PXL picks up an extra $5, per barrel, shipping by rail, but didn't know what this is priced off of. North Sea oil is now $119.