RE:RE:RE:RE:CHATTER on the streetorlandofl wrote:
just such a hated sector that we can't get any appreciation that matters on a $2 move in oil the last few days and over $66 - very surprising - let's see what happens next I'm surprised that oil keeps going up and I'm surprised that oil stocks stay flat or dipping recently this is not a unique issue to cpg - all oil stocks or almost all are flat or down the last few days on rising oil prices
Yes, but what most of you are missing is that almost no oil stock is near it's ALL-TIME LOW! Look at all the US ones, look at the Canadian ones. They are all trading far higher then their all-time lows. Even ones with much worse balance sheets like Baytex have doubled since their all-time low.