GREY:TBTEF - Post by User
Comment by
CapeBretonon Jan 07, 2015 2:28pm
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Post# 23295133
RE:Interesting how a falling market
RE:Interesting how a falling market
the recent negative comments on BNN for TBE by technical analysis is just plain foolish, almost every, wait...every oil stock has crashed through 50 and 200 day averages, not one oil chart looks nice period, you can throw technical analysis out the window hear, the market is not behaving normally so technical analysis isn't either.... With TBE nothing has changed with the company and management has reacted prudently, cutting but maintaining a dividend, and adjusting production. Oil is not a short-term play but if you think oil will stay low forever then you ignore history. Not happy with any oil companies chart?? just click on the little button that goes back 5 years....TBE is not an 80 cent stock, nothing about the company has changed to make it an eighty cent stock, just the whole market is in upheaval, this is when money can be made....this is a gift to us to buy into a sector that will come back, I am enjoying my monthly dividend that pays for my investment carrying costs and then some, and I enjoy filling up my Yukon Xl at bargain prices, and I enjoy calculating my future capital gain when the world decides oil is no longer cheap and TBE and all oil companies go back to historic valuations (for TBE that will be $2).....my only question is management gutsy enough to do an acquisition or two in the environment, OR is anyone sniffing around at our 20K+ production for themselves???