Post by
BarbarousRelic on Feb 08, 2022 4:39pm
Got ahead of itself.
Yep,told you, like taking candy from a baby. But I'm not greedy. The stock has potential but management has a long history of getting in their own way. The street knows it and that's why OVV always lags in the hind rump of O&G names. The hedge book is atrocious and remains a legacy of OVVs bloated debt. Which has finally begun to come down only under threat of a proxy war. Has management changed their ways? Will they control their appetites or buy high sell low like always? Who knows. Who cares. Finally they realize that maximizing production at all costs only to sell into an oversupplied market is a losing strategy. Well done. There will be plenty more opportunities to buy under $50. Or just stick with more reliable names.
I DGAF if another momentum chasing analyst changes their rating... Always a day late and a dollar short.