Ovintiv Inc OVV

When will the bottom for oil and gas finally be in??

[Skysohigh]

Right when shittles announces asset sales that's the signal.

[Fastlane2]

Even though the share price continues to hit rock bottom and adding here is like attempting to catch a falling knife I can't help myself but not to add more. This is as Warren Buffet says 'buy when there is blood in the water' All metrics are resounding positive, looking forward to the quarterly report.

[Nakate]

Problem with buying on the way down is its still going down, there are not enough buyers to stop the algos from executing their orders. You can always buy for the same price when it stabilizes and shows signs that the banksters have decided that the risks have turned against the short and distort and its time for the dead cat bounce.

[Gambler]

I've always done well buying on the way down once a stock has already been totally stripped of its value. This should easily be 2x higher if not 3 or 4x higher. Will make money no matter what now.

[Boulter]

Way back ... a few weeks ago, ECA touched just over $5 and made it over $6. Actually that price action happened twice if you go back a bit further. One could have run the logic you layed out above and purchased at $6 (now $30). I bought more at $4.30 ($21.47) last week, but that is wrong, according to the logic above. Using the above logic, buying at $6 a few weeks ago was sound, buying last week

[Nakate]

assuming this action is more market than substance then sure buying on the way down will eventually have its rewards and maybe the bottom is already in, Rarely does the market give back what it has taken without some kind of major change. Anyways I'd rather be safe than volunteer to be a bagholder