RE:RE:RE:Another Pounding Oil is setting itself for something very special in my opinion. It's brewing now and it looks like it won't be much longer before it explodes. It's quite possible several major positive catalysts happen this month and to make a bullish situation on fire, the OPEC extends their production cuts next month.
So much is going down. A battered stock of a reputable comapny like Newalta, whose services are absolutely imperative to the Canadian and US energy sector, just seems too attractive to pass up when trading at a discount of over 1000% from only a few years ago and over 300% down from the 52w high for absolutely no good reason.
I am considering selling my share in Trican and buying more Newalta. I know Trican is a solid company and that stock can double, but I'm quite frankly, aiming for more then doubling considering the circumstances and opportunity right now.
Small cap stocks like Newalta are really a lottery ticket if things play out favourable for oil, which it does appear is happening.