RE:Doubled Down Alsoi havent doubled but did add 15k @ 2.55 this morning, giving me 130k total. Armagedon has been priced into the sector, service names are trading as if no TMX, no Keystone and no Enbridge line-3. The selling has been across the board, numerous funds throwing in the towel. The depressed price makes it much more likely that we see a modified dutch auction announced after the next earnings call. Why dribble out another NCIB when they can't buy more than 500k a day when you can take advantage of the obscene low price and scoup up 30-50 mil in one pull?
I'm of the opinion that Shell will in fact pull the triger on the LNG export facility and that several additional facilities get the green light as well.
Value investing is by far the most chalenging, yet provides for the 3-10x baggers if correct.
bonjovi501 wrote: doubled at $2.57 which is just crazy this is that low.