TSX:HSE.PR.B - Post by User
Comment by
onec007on Jan 13, 2020 8:20pm
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Post# 30548920
RE:RE:Closed my position
RE:RE:Closed my positionYou're right it should have read 50 MDA. I still think it's moving in the right direction if you look at the graph for the 50 MDA it is on the upswing. I think today's huge drop was just HSE specific when you look at MEG, IMO, SU they have all performed rather well today. Don't see any news that would cause such a huge drop so I think it's just some sellers trying to manipulate the price. To the earlier poster no I am not a trader I'm just taking advantage of this trade pattern that we've seen time and time again. Like I said if I could breakeven to make a small profit while buying back all my shares at 7% discount I sure as heck am happy. I still feel strongly that the market will turn in oils favor this year as the pipeline becomes clearer and reality sinks in that Cdn oil is much more stable than American shale.