RE:RE:RE:RE:RE:I will be buying 10,000/ day until this hits 5oilbully wrote: Today was a buy day.
Picked up another 20,000 shares.
Figure this may be low for a bit due to low nat gas, albeit dont think low gas prices will stay low forever.
Currently, waiting for the rig count/demand inflection and juniors should really take off. Majors are gradually rising, usually a sign before juniors jump.
My rule is this.
If oil is sustained at
50: Start buying tet
55: Pick more ath up
60-65: Pick up lts, depending upon the structure.
Anything below 45: Own SU, and cash
I like your rules. Good to have a plan and stick to it. I don't want to pump, but I think you might like CRS. They are drilling a horizontal oil well in Texas and is profitable at $20 oil. The well is only a few weeks from production and flow rates. Lots of NR's coming out over the next 3 weeks to drive the sp up. If you can get in at $.15 or better than I would grab some if I were you. Have a look at it. They want to have 10 horizontal oil wells over the next couple of years and the first oil well will help fund the future wells. They have lots of acreage and looking to secure more acreage and all of it is in past producing oil country. Check it out. I am holding CRS (average $.13) and TET (average $3.76) and a little SMB (average $.055) right now and nothing else.