That's a definite possibility, I never would dispute it. My...

That's a definite possibility, I never would dispute it. My point has always been not at $60 and now I would say perhaps at $70 for a time but only for a year or so perhaps.
I am more uncertain/cagey than I was in the early days of this story.
What happens after that depends on "undisciplined" capital spend by tight oil producers but ultimately they can't meet world demand growth and depletion at that price either.
@jdpc35 I agree with your $7 mid cycle valuation but not your calculation.
EBITDAX is not a great way to value a CAPEX heavy business like this (it's a crock of sh×t made up by fat lazy executives). Your EV calculation needs to assume "stay in business" capex and service supplier cost inflation or the declining cashflows of depleting gas fields.
Where the shareprice goes is completely unknown but what the business is worth quite another story.
Oil costs $70++ per barrel to make and STO really breaks even at $50 U.S. per barrel, I choose a mid cycle PE of 15 equating to $7 per share but I suspect when the shortage reveals itself it may be worth more.
I don't talk for speculators chasing a quick easy buck (theres no such thing) - I expect you guys will carry on losing money (on aggregate) without any help from me.