RE:RE:TechnicalsFair enough.. Nat Gas is trading at 3.71 in the face of WTI trading down .46 cents.. I think that due to the time and price being 2014 to present being a significant time the support/resistance levels in the 40's, namely 42.69 and 43.81 won't be hard to break through and claim as support. Remember these levels were set 7 years ago. I've presonally been buying shares since 2014 which was well before TOU had initiated a dividend and remember how TOU performed at that time and this is extemely similar to that time.
..it can rightfully be concluded therefore that time and price has exhausted many shares at these higher prices and they wil be essentially taken out without effort or notice. I would estimate that over the $43.81 level Tourmaline could could behave as if it is breaking out toward all time highs.. I really look forward to how Tourmaline will perform when/if it find support above $43.81.
..if the current resources trend rests at current levels and as you state there are quarterly reports based off current prices, the results would be amazing simply based of the reports Tourmaline issued at much lower commoditiy spot price which were amazing. ..if the commoditiy spot prices continues on its current trend and as some have projected, the 40's range will be blown through very fast ...that's simply fact.