RE:you all owe meorlandofl wrote:
as I stated earlier, as soon as I sell it will quickly double or triple, I'll give you my address to send money - I need to make up about a $150K or so on that trade so be generous - I need about a thousand of you at $150 each
I think I'll do ok with Chineese stocks and MRO - I used the proceeds to add a bunch of those - MRO should move up similar to BTE provided there is no acquisition of BTE
I may try to get back into BTE mid to late December - not sure yet, but MRO should go up as well if BTE goes up
I think MRO has a lot less downside and can breakeven at much lower levels - but the share price has not been totally decimated like BTE has been - thus less upside, but should be similar upside if oil gets back up into the $70's
bigger jumps for BTE could be with pipelines restarting, refinieries back up and WCS recovering more, etc.
you are welcome - I do have the power to drive it down when I buy and then it run up after I sell
in all fairness, I do get some right as well - not on Canadian oil however, I think I have been wrong on Canadian oil every time though - I was up quite a bit on BTE before the merger and then went down more than what I was up - around a $300K swing down from high $4's USD
we'll see what happens next - if BTE gets back up over $2 USD and continues to climb or if it languishes the rest of the year with some tax loss selling
I do think it is at or near the bottom
I have to say it...TOLD YOU SO! Never sell LOW(ER)!