GREY:BNKPF - Post by User
Post by
himmleron Feb 13, 2017 8:06pm
287 Views
Post# 25840201
continues..
continues..I dont share the fear of Polygon selling.They stated themselves that selling was part of their investment startegy.Its not up to us to figure out what that was.If it was that dire they wouldnt be the only ones selling would they?
As for Trumps policy(ies). BKX is drilling the shale in the Caney which is squarely in the US.So we really wouldnt fall into anything worrisome.We area Canadian listed company with offices elsewhere too...especially in the US...non issue.
As for the US rig count..I feel thats merely journalistic hogwash.A few years ago nobody cared about US rig count ..thats a new term to try to justify the daily dribble from newsmen..or shall I say milleniums...or generation z's..they werent old enough 20 or 30 years ago..like I was.This is all old hat talk to me..I've seen and heard it all before...LOL..Jeff Rubin thought we had' peak oil' a few years ago...now the gasbag says we have too much..
Its not about supply and demand either....we always had enough oil.Its a wonderfull trading commodity..the best there is.If these analysts would only stop aping each other's news and do their own DD they would see that an argument can be made to support any theory about oil.American shale didnt change the world...the newsmen only think it has.The American ones especially.
Oil will go up..not because of supply and demand so much..but because as a commodity its a no brainer to make money with .Dont ever forget...there were 'analysts' that predicted 10bbl oil....
Where are they now???
Hold onto your BKX 47...to sell now would fall under the example of the imbeciles that stink up this BB with garbage only to vanish...