RE: RE: 35% pullback on yesterday's gain > Thoughts on where the price goes from here?
> Does the election have any implications?
If the Keystone XL pipeline gets built all the Canadian oil sands producers will benefit, incl . HSE
Mitt Romney has said if he gets elected, approving the pipeline will be one of his first acts as President.
I am not as hopeful with Obama.
As for the price, HSE is trying hard to stay above $28 but the market keeps pushing to down.
it seems market likes this in the low $27 range.
if we can go above $28 and hold for a few days/weeks, that will be great.
We have toyed with $30 a few times since 2010 and it never seems to hold for long.
$28 is key, we have to try and stay above that.
Go Husky go.