RE:RE:RE:major shareholdersemmitt wrote: There are much better ways to play forex with less risk then to invest in oil and gas companies. Even if it was a Forex play they are going to select a company they believe in.Where do you come up with this stuff?
Good luck with your short, There are always two sides to every trade. My concern is your investing rational doesn't make a lot sense. It's like you read your horoscope and invest accordingly.
go back to my post back in oct/nov. I'm calling out everyone here that the div is zero like I said it would be and stock actually went below $1 - also I called back then.
But I did warn for people to save capital and sell and to rebuy it at a lower price minimizing risk. Yes I also announced and posted my short with screenshots - no BS here pal.
Where do I come with this stuff? I've worked for public companies and I know what happens behind the scenes when a collapse in the underlying commodity occurs and everyone is concern about their stock prices and possibly going bankrupt which will likely happen to LRE if oil doesn't go back to higher levels. I come here to educate to those who are willing to listen, make money or not lose it.
Trust me US fund managers are going to be buying CDN stocks not just oilcos and it's all because of the strong USD that will generate returns a few points here and there. Here's how as an example.
$1 USD = 1.20 CDN - what's the stock price of LRE? 1.15 as of today. how much 10m USD will buy in LRE stock vs a comparable US oil co? they'll initiate pair trades shorting US oilco and going long CDN oilco - as an example and play on USD vs CDN and they will size that trade accordingly. Models are being built and portfolios are going to get redone because of it the US dollar - why do you think there's no liquidity in the US markets or its grinding, eveyrone is sitting on cash down there waiting for the right time to bring money to Canada and deploy it.
If the collapse in oil continues for awhile then CDN dollar will continue to slide after all it's become a petro dollar currency and perhaps back to low 70c level.
You should be cheering for that you fool, if US money managers don't come who's going to buy LRE stock?
try again buddy.