GREY:TBTEF - Post by User
Post by
bshort92on Jul 23, 2008 8:18pm
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Post# 15323400
The problem is not TBE
The problem is not TBEIts the whole energy complex. July 2008: The cratering of the Canadian energy markets. Brought to you by demand destruction, a mild US summer in the east and the weak US dollar:
Symbol Price Change % Change
TLM 18.25 -0.66 -3.49% TALISMAN ENERGY INC
WAV-A.TO 10.45 -0.49 -4.48% BREAKER ENERGY LTD
TOG.TO 17.58 -1.12 -5.99% TRISTAR OIL & GAS
TBE.TO 3.39 -0.01 -0.29% TWIN BUTTE ENERGY
SEO.TO 17.10 -0.34 -1.95% STORM EXPLORATION
ONR.TO 6.25 -0.35 -5.30% OPEN RANGE ENERGY
OEX.TO 4.65 -0.15 -3.12% ORLEANS ENERGY LTD
CR.TO 15.20 -1.72 -10.17% CREW ENERGY INC
BIR.TO 12.75 -0.82 -6.04% BIRCHCLIFF ENERGY
Every issue is oversold. Look at the rally in US bank stocks and you will see a rotation out of these June high flyers into the US banks. The trend was our friend now its the enemy. August might see the markets stabilize. Septemeber some normalcy. I would be a buyer of all of these now. Sell into the rally in Nov,Dec, Jan, Feb and March. You will get rich by doing the opposite and that means accumalate these slowly now and sell slowly as to not spook the herd this winter and next spring. Its a formula for success.I like how TBE did not participate as robustly in the recent run ups and thus was not hammered too badly this week.