GREY:LSTMF - Post by User
Comment by
mouchieon Mar 04, 2015 11:19am
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Post# 23488369
RE:OIL STOCKS TO RETEST PREVIOUS LOWS ???
RE:OIL STOCKS TO RETEST PREVIOUS LOWS ???There is no doubt that these oil companies will not equal their previous years quarterlies. Currently they have to generate 1.8X production to meet the same price as 1 barrel a year ago. IMHO it is an unfair statement to compare this year to last year due to the price difference. We should rather be looking at their output and not the revenue for this announcement. If output is down then we should be worried, if we are 1.8x more than ill be satisfied looking ahead.
I am Hoping that LTS was able to hedge a lot of production when prices were in the 80's and shock a lot of people in their performance. There will be a massive sell off and this will dip below 95cents Canadian. I will be buying between 90-95 and pick up another 3500-500 shares. I think this stock will rebound to 1.25 by the end of the month and slowly work its way back towards 1.75-2.00 by July.