Post by
CanadianKia on Apr 13, 2022 9:44am
Literally
no reason for this stock to be this low.
Oil back up above 100 and moving up. Summer season and travelling is starting soon. Money should be rolling in and this should be at 10 bucks.
Comment by
jleer42 on Apr 13, 2022 9:59am
In general the whole Canadian O&G sector is underpriced. I am hoping for a bump as Q1 results get released, but I think a large re-rating won't happen until Q2 results are released. Q2 being the first quarter where the big jump in oil prices will be reflected in sales due to the timiming of future contracts.
Comment by
Buyreallow on Apr 13, 2022 10:54am
Avg monthly WTI price for Q1 were 83.22, 91.64 and 108.50. The companies are under priced even for Q1 prices. Should see upward movements in May when the Q1 numbers come out, and another move when Q2 comes out. Here companies are spewing Hugh amounts of cash.
Comment by
jleer42 on Apr 13, 2022 12:14pm
Very little oil is sold at the spot price, you need to look at the future contracts. Q1 is going to come in at ~$80. Below is a link to BSW's WTI settlements on the BTE board. https://stockhouse.com/companies/bullboard?symbol=t.bte&postid=34599661