RE:RE:RE:Tension in the Middle East escalating Hey Pro, I'm done here I think. Full reversal should be confirmed tomorrow or shortly. We're convinced it's going up but the market is just a little slow to "get it". That's fine.
I might be taking a break from the clown shows, until the next reversal somewhere.
What's I'd really like to see from management is a simple document that discusses the profitabilty at different oil prices. Let's look forward, not backwards.
I still think the debt is a mostly fabricated issue since they have been paying it down when they could. Management has been very prudent with money after swallowing that big premium property in Texas. Boy did they get punished.
Since the debt is only due in 2021, the focus for any real investor should be the profitability of the enterprise at different oil prices.
At $5 per share, they can load up all the bad news now as oil recovers. I'd recommend we underpromise short term and to over deliver. I know that traders prefer the spike sooner than later. I want to have a great reason to hold at $50 oil.
Until then, enjoy the ride up people. And stay away from the nasty clowns!
The attacks are relentless here.
PROtrading wrote: FR, shift relief please! :-) The bullboard seems to finally be turning good but we need to be vigilant with the patrols.
Clowns and rats are still playing star wars. Over to you fellow bull retail guy who knows the game.
See the rest of the trading gang tomorrow! Love you all!
FullReversal wrote: Great post Cheif! Thanks for posting! And none of that is priced in. Baytex is 100% in geopolitical safe places. Canada and the US.
US is in the top location (Texas) and the best location in Texas (Eagle Ford). Producing premium Louisiana Sweet Light crude in high demand in Europe. That's why it fetches a premium over WTI. Location is close to export terminals as well and export restrictions were lifted just this year!
You can bet that the tension will turn to physical. And the first place they hit are oil installations to cripple funding of warfare.
