RE:RE:RE:RE:RE:RE:SilenceStaghorn69 wrote:
I agree it is getting oversold, and I'm still holding my 3300 shares from $9.30ACB. I'm going to add more if it gets to 6'ish, but am frankly kind of scared to now. I know the day I'll sell it will pop $1.50 as well.
The news from Exxon and LNG future is solid, particularly with AltaGas as well. Still zero debt, still growing production, those things haven't changed.
and down 25% in a week, and I always thought PPY was immune to such irrationality, well such sudden irrationality anyhow.
as hornhy69 says, "zero debt, still growing production, those things haven't changed." and to boot, no change in the price of Natural Gas and still 15 or more companies lined up for export terminals.
also, not often talked about is also the readily available west coast market of the US.
whilst I agree this could go to 6.50 (not 6) I think we will have a good rebound here as this seems so well oversold considering nothing fundamental has changed for a 25% drop.
good luck to all