GREY:PRBEQ - Post by User
Comment by
snootchybootchyon Feb 25, 2016 4:22am
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Post# 24592907
RE:RE:RE:RE:flush
RE:RE:RE:RE:flushIt looks to me there is a gradual rotation of money going into the energy sector lately but stocks like V.COQ will likely see a delayed effect because there are many larger and better known and equally beaten up and ostensibly safer names in the energy space for the money to go into (such as, say, Crescent Point or TORC). But after the bigger names bounce, the smaller names like V.COQ will be sure to follow. Perhaps it's my optimistic nature but I do sense from the Street some optimism that oil has bottomed. U.S. production is clearly in decline now (finally), which should help bring prices back into the 45 cent to 50 cent range by the end of the year, I think. If that happens, V.COQ will be trading easily back at 7 to 8 cents or more. A easy double (or triple for those getting in at 2.5 cents) from here I think.