Vertically integrated canadian oil sands producer.
PE of 18 and IV of 37%.
Making \~175$/barrel in margin for diesel. Taxed at corporate rates. Fucking absurd.
The bear case is I make a lot of money.
The neutral case is I make a shit load of money.
The bull case is I never work again in my life.
Whoever sold me these calls should be fired.
https://preview.redd.it/wt2rup7m3asg1.png?width=1284&format=png&auto=webp&s=97e938bc95b492c4c9d0aaecb979d57c348274a1
Automod keeps taking my post down, DD is in my profile.
This stock will buy back over 17% of it's float per year at current prices, and rising. Fucking absurd.
And this shortage MUST continue for months. There will be no fast unwind, meaning they're going to buy multiple percentage points of their float even in the most optimistic, unrealistic scenario.
Its advantage is structural. It can't be taken away.