RE:RE:RE:RE:OPEC Triggers RallyMR. capped at $46 wrote
Kadiddelhopper...you got a good buy at these prices.
Here is the reality, yes oil prices have sunk but they still are much much better then Q4 2018 when oil differentials blew out in Canada.
Light oil is currently 58 CAD bucks ish
Heavy Oil is currently around 44 CAD bucks
Back in Q4 2018:
Light oil was 42.95 for the quarter
Heavy Oil was around 28 Cad for the quarter
Cardinal may not be free cashflowing right now but the divy and capex should be covered easily....
Overdone the sell off on some of the more secure names.
But I am sure today and tomorrow some investors have got caught and will be forced to sell CJ.
Tapped most of my lines of credit but that is what credit is for...times like this.
Kadiddelhopper wrote: Thanks KAV...didn't take notice of that 11 - 1 pm Margin Settlling thing, and bought back my pre crisis position perhaps too early.
Ah well, nice to see the S & P Vix settling back into the low 30's range.
Ah that margin...keeps me locked down at my Computer alright!!
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Here is that margin trading expert who always takes profits just in time "Tapping his lines of credit" to load up on CJ at $1.80 a couple days befor it crashed. A nice 75% loss on top of his margin call losses.
No wonder this joker hasnt looked into his trading account for a year.
To busy downing those special pills.
And now he is here to give us some more of his advice. Anyone who listens to this fool will end up doing just as well as he did.