TSXV:WEE.H - Post by User
Comment by
tanninon Jun 17, 2022 9:58pm
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Post# 34766283
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Oil production
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Oil production"Two more moves this year for Canada after the 13th. Can you profit using this knowledge?". wrote AboveBoard. That's not 'knowledge' buddy, that's a forecast....very different.. Fwiw, two more rate hikes may well be correct, doubt your 75 point forecast but who knows.....my main concern is that, an oil price hike of the size and duration we're having is usually, all be itself, suffient to generate a recession, which has me concerned about adding too high an interest rate hit on top.
WEE stock price depends largely on company performance; high oil prices helping. The supply bottlenecks the company mentions are bedevilling industry throughout N.A.......various grades/types of steel unavailable, delivery times for production machinery stretching into next year, parts for machines on long backorder....custom machining companies, ie owning CNC machines, some out of biz due to covid, survivors swamped with biz. It's a real mess.