RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Oil production
tannin wrote: "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.
"Canada will follow US lead from the 75,". Your interpretation is one dimensional and leads to an attempted scolding. How about Canada will raise interest rates (follow) the US raised 75. It does not mean Canada will raise 75 pts. 50 to 75, high probability. With this knowledge (be aware that interest rates are going up) can you profit? Not looking for a debate.
In Canada, internal talk at banks was 5.75% mortgage rates. Currently 5.17%. 3 more dates for raises. Will target 5.75% be passed? What's your forecast?
For WEE, supply chains have impacted business, according to management. Wee will see how things transpire. Is geothermal a legit possible? What is the progress? UAE progress? Kuwait progress? Saudi progress? $500k deal progress? Other? I am tired of excuses too. However, I will sit tight.
Will the monkey push a new banana moving forward? Very loaded. What is the forecast? No reference to a human, btw. Ignore this for now.