RE: Nicely trading above the 50 and 200 DMA'sHey BT nice to see your back in the ECA game.
I'm still wishing / praying my 60 July 56 calls get called away tommorow and I can sit back take a breather and make more buy decisions later on if I think there are good deals to be had.
I still believe there is good potential for ECA down the road with Oil sands deals (1 big one or 3 separate smaller ones) and then we have unbooked reserves worth billions as well, but next week we will see q2 and if they disappoint in the slightest the stock will test the low 50 again I'm also sure.
I also didn’t like the recent news of the departure of a senior V/P, it may be nothing but then again it could be something also because we all know NG exploration costs are up and prices are down.
These are jittery times in the markets and although I like the long-term, I think I'll prefer to hold cash until I can see through the trees and forest and whatever else is blocking my view, LOL.
Cheers and GL