RE:Fundamental are GoodI remember in January 2016 Baytex (BTE) was pulled back to $1.5 during to hammer selling. I got out with 5% or so gain. After 3 months I tracked the price and it was $5+ and after couple more months it hit $8.
So many similar examples. Usually, I see too early but if this time I am able to stick myself here then I would enjoy 2X in next 6 months.
Oh God, please give me some patience.
RichyRich$ wrote: What I don't get is how the past 2 days all junior to mid cap oil n gas sold off hard when the actual price of Oil & Gas stayed around the same! I thing it's the market makers final last push down to see how low it goes before they start their Bull Run. They like to do these fakeouts which mess people up because many will sell the next rally... as it continues to go up for many months. Seen it too many times. This time I'm holding. What has me feeling comfortable are the fundamentals. CR has a good forward P/E, low Price to Book, low Price to Sales, and low EV/EBITDA. All these ratios show that fundamentally we should be 2 to 3 X higher. A good buyout candidate too. The market makers can play games... but eventually value investors will start buying up.