RE:RE:RE:RE:FYI from UK board . . SWEET!!!!!!!ERTguy wrote: I will buy Oil stock again, but not yet. Keep this in mind. All of the capital spending in 2014 will just start to reflect in production, particularly in North America. This means production will increase causing a further glut in the market. It's going to take 6-9 months for the reduced capital spending in 2015 to start to reflect in overall production decline. I'm expecting oil to test the 2009 levels in the 30s, but I don't expect it to stay there for very long. In which case I will be pulling the trigger on some larger capital plays like statoil and precision drilling. There are lots of companies with strong balance sheets that will whether the storm and make for some easy doubles within the next 1-3 years.
oil stocks are at a bargen right now. 50% off but waiting for more lol
CANADIAN OIL SANDS LTD
fell from $24 per share
short price target of 11.45 to 15
Technical Events 2 bullish
11 bearish
See table below for details. This page shows active events - viewhistorical lookup for more. Stop Price | For long position: | $6.06 |
| For short position: | $10.24 |
52 Week Range
| | | |
| Market Cap | 3.9B |
| Last Dividend (Nov 28, 2014) | 0.35 |
| Dividend Yield | 17.3% |
| Ex Dividend Date | Nov 19, 2014 |
| Shares Outstanding | 484.61M |
| P/E Ratio | 6.26 |