RE:RE:RE:RE:RE:RE:After the bell....RayDonovan78 wrote: Agreed Trump is a Moron but Biden is senile. When Obama & Biden ran the show oil was at $90-$100. Im in the camp we will see $60-$70 again and nat gas will be fosil fuel play
leo101 wrote: RayDonovan78 wrote: Risky yes like most oil and gas, Ton of risk NO. Brent is now touching $45 and will be $50 soon and at $50 there is money to be made.
leo101 wrote:
suncor is best in class and vermillion is now just another oil company struggling with debt and a challenged balance sheet. there is a ton of risk with vermillon.
you have commodity price risk, giant recession risk, declining fossil fuel risk and management execution risk. trump is a moron and very capable of destroying the global economy and on the other side you have biden who hates the oil industry.
too many headwinds in my opinion.
vet can be a good trade or a small speculative part of your porfolio but it's not an investible stock. you have to get rid of the mindset that it's a $20 stock and be prepared to take small profits. otherwise you just ride it up and down like a yoyo.