RE:OversoldIf the demand wont be there 6 months from now, Wallstreet will continue to punish the stock.
big drops since Last month. i think this trend will continue for oil companies unless the recession fears go away, which i doubt will happen.
Buyreallow wrote: Journey is obviously oversold. They had Q1 cash flow of over $21 million with WTI at average $94. Even with the recent pullback in oil prices, it's still nearly 20% higher than it was in Q1. And they have increased production of between 400 and 600 bbls per day. And a plan to drill 16 more wells in 2022.
It's an $8.00 + stock waiting for investors.