I am betting that the game is over in two weeks Starting late July and into early August we will starting seeing a fleury of Quarter 2 earnings reports. Cardinal July 28, Pinecliff Aug 2, Birchcliff Aug 10. Peyto Aug11, just to name a few.
Does not take a rocket scientist to forecast the results will be exceptionally good for most companies. Most companies are doing extremely well , paying down debt, buying back shares etc,
yet here we are falling prices. Looks like money managers fiddling playing the scare game whenever oil prices slide a bit. In two weeks I am betting that game is over.