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WestFire Energy Ltd > Oil up $4.00 were up .01 cent...MMMmmm

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Comment by Jfallenangel10on Sep 08, 2011 9:08am

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Post# 19021621

RE: RE: RE: Oil up $4.00 were up .01 cent...MMMmmm

I dont see a takeover in the cards...they just merged with Orion to fund there drilling program....these guys aren't an discovery company they have a huge proven resource to drill up and merged to reduce the time it takes to develop it....the oils there just got to get it out of the ground.

The money has to flow into the sector - first to the large caps then mid and smaller --- when we move it will be by dollars so no worries. My guess is on the quarter or op update. In the interim we have a lot of good news coming in the broader market first

We have the USA job plan tomorrow by Obama
Qe3 coming sept 27
Then the op update in oct
Then we will blow out q3

You could probably get cute and get into other names is suncor legacy in the interim etc but I would keep a bigger core in wfe cause our day is coming in the next few months - and once we trend the longer the base the higher the space...