OTCPK:VGIPF - Post by User
Comment by
pulverizeron Aug 09, 2012 2:16am
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Post# 20197254
RE: market a wall of worry
RE: market a wall of worry You know what I see on that chart? Volume is down 130k from their average and RPL is now on it's 5th touch of the 50MA. Seems like "resistance" to me. What will make it punch through that?
1) a stellar Q2
2) Oil Prices continue higher from here
3) they raise their production levels and guidence for the remainder of the year
Why is Oil in the 90s?
1) Refineries are shut down due to issues/fires
2) pipeline shut down for repairs
3) hurricane season is beginning which affects refineries in the south
4) potential for war in the middle east
what will stop RPL from penetrating the 50MA?
1) Q2 was not so rosey (Oil prices dropped)
2) debt levels increase
3) they don't raise their production levels or guidence
Are speculators in control of Oil prices right now? Is this a "buy on rumour sell on news" situation right now? Is low volumes going to cause us to reach our max so when fund managers return they can short short short the lot of you?