Tourmaline Oil Corp (Alberta) T.TOU

A close above 47.86 would be awesome

[bagcheese]

If TOU can close above $47.86 today and confirm this level as new support, there is no resistance whatsoever until above $55.. TOU could literally see a 14-15% increase in the price in a reletively short period of time especially if the underlying commodity holds or gains from its present levels. It would seem the market believes WTI can hold above the important $76 level. There is also still a lot of time and oppoortunities to allow $47.86 to unfold as support, doesn't have to be today but very well could be.

[Beakr123]

Not looking as good as it did this morning. Ah well, tomorrow is another day.

[bagcheese]

Suppose that $47.75 level is isn't "voodoo" after all. Either way lads and lasses, that wall at $47.75 isn't what it was. Lots to be happy about, $47 today, a month ago TOU was $39. A year; $17. 

[Beakr123]

You and I will have to agree to disagree on that one. I dont believe technicals hold much credibility as you already know but thats ok. I thought the banter was funny but we should probably move onward. We can both agree there is lots to be happy for and much to look forward to. I just wish I had more patience. 

[bagcheese]

Sounds good to me. We are still up 6.24% over the last 5 trading days. That's good money. I've been in TOU since 2012 and have only added shares. I've bought and held becasue of Mike Rose.  I post what I know to help any potential readers. The technicals have done well by me and are playing out. In all fairness, information I have posted has and is playing out. i called 50$ by

[Beakr123]

Agreed. You've been in for awhile, amazing you've held this long. Interestingly enough, TOU was the first company I ever purchased stock in the day they IPO'd. Although I've been in and out of the stock over the years its always made me money. I'm sure the +/- and/or validity of P/E ratios can be passionately debated but you still bring up an interesting point about it. Of the

[bagcheese]

Right on, and yea in the existance of TOU's shares being publically traded I can't remeber one bad reporting. They've always focused on low cost production which has weathered them even when oil was in the 30's and still made significant profits. There's short term support confirmed at ~$44.15, it appears TOU could look to establish support in the mid-high 45's. This will