Not going to $15!!It is funny how the stock drops $3-$4 and now there is discussion of $15. Cibc and Bmo downgraded pou to $26. Yes - $26. I don’t agree with their target price as the investment houses that have covered pou since $3 have a $30 target on it. It’s 45% from here.
Wti is going higher. USA rigs coming down. Shale having issues raises money as investors now want ROI and not just growth. Opec will extend production cuts. Paramount to release results and guidance on November 9. My prediction is those who lowered price targets will raise to $30 post results. Dont be surprised if a non-core asset sale also gets announced. I now have 300000+ shares and will continue to buy at these levels.
Short or sell if you think pou is going down further. I will keep buying.