RE:RE:Is no news good news?
Egee .. I hope you're right...+.11 today, I'll take that 4 more days in a row please... ;)
Marlbank... I got out too early also it would appear. I think RE is ahead of itself but Mr. Market always overshoots and the momentum seems intact. I would sell out if profitable on rebuy tomorrow as I think this will come down next week after a weekend of reflection on the price move. Lots of upside gap to fill so it can come down fast. Then again maybe not as RE has low debt, low share count and has captured the imagination of many new investors. Problem is WCS has gone from $90 to $73 in the past month and that will put a dent in Q4 numbers but at over 4,000 boe/d they are indeed looking good. Just ranting because I sold a winner too early... :( LET THE WINNERS RIDE.... rule#1 what was I thinking?
Larsen I would dump it all and buy Jan 18 $6 calls if they come back to 2.20-2.40 range. I think BXE will be close to 10 bucks on deal wrap up. They are getting a lot of company for a small price in my opinion. I'm also very interested in AAV for a quick flip on takeover speculation.
We need some RMP news early next week!!!!! Buyng a load of DEE at $1.58-$1.60 as their Bigstone Monteny results and extended reach wells are performing admirably. I got a gut feeling Exxon will take them out soon?
Best of luck to you all!