Paramount Resources Ltd T.POU

Keep buying

[Raymondjames]

Oil demand in China up year over year. Yes. Up. Oil prices falling has been a technical move and nothing more. 

Im still buying Pou. If you think I'm wrong, short the damn thing and see how that plays out.

[Raymondjames]

For month of August. 

[pablo87]

W/r to China, it's not that simple IMO. They can manipulate their currency by keeping the yuan low to help their mfg exports, they can then use their foreign currency reserves/surplus to buy commodities (Swiss invest theirs in the stock market). Thing is, when you stockpile commodities and you're already the biggest buyer, you can move commodity markets - they can stop buying as they

[Raymondjames]

The oil bears are quick to ignore the pattern of OECD inventories drawing much quicker than normal –  we estimate August drew by a massive 36 million barrels when last year they built by 26 million barrels, a huge swing of 62 million barrels.

[Robertboblaw]

Just looking at the 20 year trend on oil prices seems to indicate lower highs and lower lows especially since the highs of the early 2010s. North America is now awash with cheap oil and gas due to fracking which really emerged in the last 15 to 20 years. OPEC is likely REALLY awash with even cheaper and more plentiful oil ( just my belief) which could be only exacerbating north America's price

[jspaceman]

shorting pou after each post you made saying you were buying, would have produced a Glorious result...keep posting.

[Raymondjames]

Spaceman - buying more here. Short it my man. 

[Raymondjames]

Spaceman - how many shares have you shorted today? 

[RusticHit]

Lol @ Longs and Shorts war all oil stocks lower in last week or so this one could spike if they could get good cash for strath shares otherwise drifting down  <><><><><><><><><><><><as  always

[Raymondjames]

You got it Rustic. 

[jspaceman]

rayjay i just make observations. and the observation I have is, as much averaging down as you've done (since the TEENS), you must own a "printing press"...I wish I owned one. 

[Raymondjames]

I'm not day trading. Own a ton. But it's easy to pick the bottom and top from the bleachers. Different story when you are on the field. When this gets to $7, which it will in the next 12 months, I'm taking Honeypot for a steak dinner. 

[jspaceman]

what if he's vegan?

[Raymondjames]

Real men eat meat. 

[Raymondjames]

  Stick with me Spaceman. Have done this rodeo a few times and learned some hard lessons. This pony is ready to run.