Post by
MLEWICKIMBA on Aug 18, 2022 5:10pm
Sector undervalued by 50% Minimum
Thats the truth of any energy asset pretty much. The hydro electric sector has an acceptable value. But the market for S&M caps hasn't adjusted yet but it came close on some stocks. But retreated as we witnessed. In terms of Ath the value increase will be firmer soon as all capital return to shareholders next year has no tax on it given their hefty tax carry forward. Going to forward expect retractions re: Iran, China, Fed, Biden SPR extension of 30M barrels in November. Ath 2 70 tomorrow or 2 45?
Comment by
Jimmy1page on Aug 18, 2022 5:20pm
Also with the shutdowns, etc, we've never been here before so the market seems to badly over react to everything
Comment by
Hcgfllkp on Aug 18, 2022 5:27pm
Jimmy1page - you get my vote for best handle / avatar combo. Jimmy Page + Charlie Munger. Too funny.
Comment by
Jimmy1page on Aug 18, 2022 6:06pm
I was wondering when someone was going to get that. I went Munger because of SmallCap. Lol