OTCPK:STVMF - Post by User
Post by
jackpinesavageon Dec 18, 2014 8:15am
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Post# 23243383
It's not a dead end. Its a turnaround:
It's not a dead end. Its a turnaround:
Most oil sector equities did an about face yesterday.
Some oversold companies like OAS, EOX, CLR have
rebounded 20% in the last couple days.
I expect SVY to do same, and it is bullish that insiders
keep averaging down. Three Savanna insiders (Mullen,
Gindl, and Georg Chow) bought a total of 48,000 shares
on Dec 16th.
Crude oil inventories are also in decline. Some 800,000 bls
were reduced in recent news.
Does anyone really expect North American crude oil production
to decrease in the next few years? This is an over-hyped media
event that is giving smart money the best opportunity to buy
SVY in 10yrs. Savanna didn't dip to this level in the 2008 recession.