Getting close to the $10.00 mark
Just a turning point in the market as we know, nothing goes straight up or straight down.
Shorts had a rewarding run at ECA but with the buyback of loans at below cost, the growth in the production of liquids and the overall market condition turning.
$10.00 is an easy target and it could be there after just another day like this one.
We may see those who take profit and try to trade it, but frankly, UP is the direction and trying to predict what OPEC or Russia will do is beyond anyone on here.
Just hold it and put it away, for now.................If a major likes the growth and built production.
30% premium cold be made right away. If not, then the growth itself will speak as earnings start to come back with all the cost cutting and cancelled interest payments.
I am pretty strong on this one. HOLD !