Post by
Storny on Jun 29, 2024 2:16pm
Average Price
The Average Oil price for the past 60 trading days is $80.46 and CJ averaged $$6.90 during the same time.
I divide the oil price by 10 and plot the results with the CJ share price and find a big disconnect during the last month. The Institutions are keeping the share price down to satisfy their short positions.
TTFN
Comment by
lashing on Jun 29, 2024 6:11pm
Maybe but doubtful. There are no buyers. That simple. Stock crash is coming, everyone knows it. Canada is a hostile business environment with new laws to attack oil industry. No one wants to put their money on that. Plus the next show is Trudeau will annoince windfall tax on oil co's. Its coming, gaurenteed. No FCF for shareholders.
Comment by
meritmat on Jun 29, 2024 7:31pm
There a very good chance that Trudeau steps down shortly. The knives are out