RE:Is this a buying opportunity !All the downside is not baked in. You know better than that. There is as much risk here as there was a week ago when it was trading at $1.56 and oil was at $85.
There is not a lot of convication in this name. It sells off quickly because it is risky.
But risk and reward go hand in hand. Place your bets accordingly, but don't think for a minute that there is no chance of losing a lot or all of your money with ATH.
MrICE wrote: If your not fully in this is a great spot to go all in.
All the downside in fully baked in.
Anything over $70 oil is fantastic.
free cash flow machine
financing in place for years
hugh tax credit.
You all know this I know but had to say it anyway