TSX:HSE.PR.B - Post by User
Comment by
u8fishon Oct 21, 2005 1:59am
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Post# 9744370
RE: u8fish..
RE: u8fish..You are correct, if it goes below 60 she could really go south. However, I invest in companies with value with long postiions. Long term I see HSE and oil as high and like everything about HSE (except Li). Although he is good for special dividends. I see resistance at $60 because any sort of increase in demand (and there are lots) will cause a rise again in the price of oil because of the tight supply market. There definately is a correction and I just like to buy cheap shares when I can as it is difficult to pick the bottom and who wants to be out when oil stocks head back up. Not me! We are in a tight supply market for oil and there are fewer traditional resources to increase demand quickly and easily so you can count on oil going up again guaranteed. Hope you cover before she goes up. Good Luck!