Post by
VeritasVern on Dec 12, 2023 10:49am
Looking to buy more stock
The manipulation and oversold oil market is riduculas, someone let me know when we hit bottom?
Comment by
GoldenArm1 on Dec 12, 2023 12:22pm
Definitely manipulated by the US to help out at Christmas and get back votes. US is dumping oil all over the place while their electric car plans are going up in flame. Lithium prices went from $80K / ton to $17K per tom because no one is buying electric cars.
Comment by
Kherson on Dec 12, 2023 1:03pm
Now is certainly not the time to be buying any Canadian oil stocks. As of now, the Trans Mountain Expansion Project is on hold and WTI may drop to the low $50's in the next 3 months, in my opinion. As for the Reford SAGD project, it's development will have to be stretched out over a longer time horizon as funding questions are now in play. Kherson