RE:Be CarefulYeah..the good 'ol charts.Are they, for example, related to the bullish futures chart from a week ago?..or the charts after OPEC announced a great year in 2018 for demand because of the improving world economy?
How about the charts related to the commentary (that fluctuates weekly) about the drawdowns in US inventory ..that sometimes dont even happen..
I think I made my point.NOBODY knows (caps intended) The noise from so-called experts is getting sickening to the point of stupidity...yet they keep on babbling their 2 cents worth..because after all..they get paid to talk.A week later nobody cares what they said because it all changes.
I'll say this though..as Canadians we arent getting our oil to market in a timely way ..so we suffer..thats fact.
The other fundamental is quite simple...if you paid $6 a share for SPE..and it drops to $4 in the next month..say..but rebounds in the last quarter of 2018 to ..say $7..then who really cares.
Its the day to day shreprice thats terrible to watch.If SPE (or any other company) is in good shape finacially..then who the he!! cares?
So unless one daytrades,who really cares about the daily drops?As long as the shareprice recovers a year out it shouldnt matter.
SPE isnt going bankrupt anytime soon.