RE:RE:No reason to be downAncasterMike wrote: I suspect it is profit taking since the new year, precisely. I took some just prior, in anticipation of tax gain selling. Just bought it back:)
Fundamentals wise, US rig count flattened recently after a good Dec. Canadian count is up y-y on better drilling weather, mostly. Oil is up significantly in US currency, though not as much in others. NGas blipped up recently, but is generally low and in a glut.
CET sp will pop soon. I am bullish. New money will arrive here in the New Year just have to wait for 4th quarter results. Don’t forget they have cash in the bank and insiders are at play