Nuvista Energy Ltd T.NVA

blowout earnings

[fleeee]

Short sellers doing a good job scaring out shares from sucker retail investors. Getting close to backing up the truck for another tranch of shares for long term hold in my TFSA.

[ItsRightNow]

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[fleeee]

There will be no more lock downs period where it matters, economies simply cannot afford it. Oil may float around $40 for some time, but will not go back to $30 period. Oil is imperative to global standard of living, OPEC wont make sama mistake twice in this pandemic. Short seller posters for short funds are relentless coming out of the cracks.

[ItsRightNow]

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[fleeee]

Oil has held steady around $40 for almost 2 months now on its way back up. It is purposefully being held back at this level to nail in the coffin to shale hypergrowth. Couple more months maybe and then it will move up as we get closer to vaccine and inventories normalize.  I guess I am trying to preach to day traders with a long term strategy in mind, and that won't work. 

[ItsRightNow]

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[OkanStockMan]

I get the feeling that most people who say they are longs on this website (in general not entirley) aren't actually longs, but need a quick buck, look at 6 month charts and demand that whatever they are holding should be higher.

[fleeee]

Agreed. Retailers cant short here and it is more sophisticated and requires more margin when it can be done. Negative comments by long Buyers are done after sold and trying to get back in, but c'mon, comments on a stockhouse board are not going to move the needle much. Perpetual negative posters are hired by a fund that is short the stock to scare longs out of their shares, or not buy at all

[Robertboblaw]

Oil is and always has been a key input into every type of economic growth imaginable. Airlines, automotives, industrials (mostly), railways, even banking through loans to oil companies the list goes on and on. All dependent on a profitable price of Oil. Yet here we are at $40 Oil after a brutal collapse from $65 + and may not see anything higher than $40 or $45 for some time. My belief is that the

[fleeee]

Are you aware Saudi Arabia requires minimum $70 oil to balance their budget? Russia in the $40's, but the Saudis are feeling serious pain down here. Many Canadian companies are fine at $50, but obviously prefer higher. I dont know where you are getting your break even numbers?

[Robertboblaw]

I know ppl who work in the middle East. Their oil supplies and production is so vast they don't pay any taxes rather they GET FREE money from the government rather than paying taxes. He said you could put a stick in the ground where there's an oil field and oil will seap up (exaggerating obvi but you get the point ) but no way the middle East b/e on oil is $70. How do you explain them not

[fleeee]

It is in order to give all this free money out, and keep their standard of living. Another reason I believe oil is being manipulated at these low prices now is so due to the global recession due to covid. Keep money in consumers pockets for food and other essentials. Use the rest of 2020 for buying opportunities, things are shaping up for the next multi-year oil bull market to start in 2021. Buy

[OkanStockMan]

Agreed, I don't deny we are in a rought patch now and for the next bit. But people are being far too short sighted.