TSX:CVE - Post Discussion
Post by
downwithdotcom1 on Jan 09, 2024 11:48am
bearish sediment hurting this sector..
oil goes down, CVE goes down , oil now up, CVE sto;; trading down with the rest of the market..not good...interesting comment on perhaps why...so this is what we are up against.....see below..dwdc "Hedge funds and other money managers are increasingly bearish on the oil markets’ outlook, adding a combined 61,000 short positions in Brent and WTI crude in the week to January 2. This marks the largest week-on-week increase in short positions since March and the second largest since mid-2017, brushing aside ongoing Red Sea shipping woes or Libyan supply disruptions."
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