RE:RE:RE:RE:so who are these guys taking out?Cheadle12 wrote
If you hold the E&P's, they've gapped up 40-200% in the same time frame..
Sleepy is probably overcooking it, but yes, this should have been back above $42 by now.. so doesn't matter the recent rise, needs to get back to pre-covid levels as their business has not been materially impacted.
RayDonovan78 wrote: Yeah, And collecting a NICE divy too in this "sleepy" time.
micromike wrote: You call this sleepy. Feb 26 the price was $32.40. Three weeks later we're at $37.40.
Make a move? The anal-ist say 35 – 42. I figure 2019 prices of 46-50 range.
MM
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E&Ps also gapped down by 90% or more in many cases and a lot of them are still well below their pre Covid prices. You can pick a certain point in time to make things look the way you want.
You also dont get to decide where the shareprice should be otherwise everyones stock picks would do nothing but go up all the time. The market will tell you what a certain stock is worth at the present time and all you can do is decide if you want to buy sell or hold it.
PPL is a boring long term company that has steady cashflow whether oil prices or up or down. The E&Ps especially the smaller ones depend 100% on oil prices and can be making huge profits one day and going broke the next at the whim of the oil markets.
Which type of these stocks an investor buys all depends on what type of investment you want.