Question to ask your self ? Who that is a serious investor is selling at or around this price ?
My answer is not many !! So like it's been said time
larger institutions - find managers - I think when they
buy it's not for short term It's to hold there fund strong , with potential growth , this money I think is coming , and albiet Slow , it's going to stick , and this means less and less shares Eventually you are going to get a big big week
Cheap shares are being held every day until there is no supply left , like it wa said here , thr
next batch and it will be very soon days not weeks will ge
at or around $11.50 - love the rinse and repeat quote
Buffet just upped his stake in Occidental ? This was not accidental !!!!!!!!!! lol lol Good one !!
A little surprised the energy names aren't moving higher. Consolidation is not so bad either.
Bullish potential - With today's API numbers out after close. Could be good ? Government report later in week
Won't lie it took me a bit to be okay holding oil stocks after that last upswing , hard to see that much of a percentage upside from ACB and actually beleive it's possible to double this ? I am not the only one , and I am not even close The some of the bravest swingers .
There is no way Russia oil and gas is coming back , let's say in full ! Can you imagine how week and somewhat humiliated the EU is , they allowed this to happen , Putin new they would on some level have to play nice because
they are screwed With out his supply
So my point is this ......... 2/3 of what Russia was selling To the EU is never ever ever ever coming back . They will never be caught dependant on this guy or any 1 nation again ? Oh except Canada We truly will say Sorry for asking for payment Lol
With a world of unrest , Canada and its values , green initiatives, will actually bring us sales in the energy space
That is my 2 cents for now
Sit back and watch this month unfold because you are about to witness the begging of another begging of oil season ,
summer driving , and all the rest
Enjoy the ride !!
Craig - 1970 was a killer year I was born lol and it marks the first loosing season for the Vancouver Canucks , we are now at 52 after this year !!! Getting older sucks