OTCPK:TLSMF - Post by User
Comment by
dinkdestroyeron Dec 09, 2014 4:52pm
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Post# 23212291
RE:Decent volumes today
RE:Decent volumes todayLooks like they can sell off quite a bit of the company since there are other buyers already talking to the company. That would keep the cost down.
But, the real buying interest will emerge once people sense the bottom is in, after which there could be more competition for assets like this.
Crude oil is the most oversold in 15 years, so if they hesitate this time, it might be to TLM's advantage. I believe the bottom is close in the crude market but it could play out over the next couple of months. I am going to try and put a link to a chart on this post which shows the extreme oversold conditions.
https://www.investing.com/commodities/crude-oil-advanced-chart