RE: RE: RE: Hard to believeI added 10,000 over the past month or so, bringing me up to a nice even 50,000. WFE is my largest oil holding by quite a margin. WFE is a nice long term and short term play, and should appeal to both value and momentum players.
If oil can stay above $80/bbl, then I see WFE at $15/sh within 2 years. The downside is pretty much nil. WFE should be a solid 25 to 50% return for the winter rally, and a triple looking out 3 years, which offers a very good risk / reward.
Let's see what the Q3 results look like, and hope we get a nice rally like the seniors saw last week. Investors will have to be patient since the market may or may not recognize the value here until Jan or Feb ... but eventually it will happen.